Forecast of the stock exchange on Saturday, October 29, 1402 / Tehran Stock Exchange in the spiral of risks – Tejaratnews
According to Tejarat News, the last trading day of the 4th week of October was the Nakok device, while three days before that, it had caused the height of the market indicators to rise. The relative balance in the past week was influenced by several factors. Currently, the market is experiencing positive estimates based on the reports and financial statements of the first 6 months of this year. Some groups, including the banking industry, thus brought good returns to the shareholders of this group.
This had caused the market situation to show more color than balance in the final map of the market. However, several political factors, including the position of the United States and Europe regarding the continuation of Iran sanctions, which were supposed to end on October 18, as well as geopolitical tensions in the Middle East, threaten the future of the market. Currently, it is not easy to guess what the result of the military incitement created in the Middle East region will be.
Observing the transactions of the Tehran Stock Exchange these days shows that the market needs a strong fundamental stimulus to overcome the current situation in order to strengthen the motivation of buyers. On the other hand, reducing the fire of war and moving towards peace between the two fronts can have a significant impact on the behavior of traders and investors of Tehran Stock Exchange.
The performance of the glass hall displays
At the end of trading on Wednesday, the main thermometer of the glass hall with a drop of 0.38%, equivalent to seven thousand and 698 units from the height of this index, was placed at the level of two million and 23 thousand units and again approached the two million unit mark to stop the sparks of concern. create in the hearts of shareholders.
The decrease in the height of the main indicator of the glass hall happened while the equal weight index, which shows the general price trend of small and medium-sized companies, recorded a parallel but more intense performance and decreased by 1.01%, equivalent to 6,955 units, at a height of 682 A thousand units were placed.
The total OTC index, which reflects the general level of the stock prices of the companies present in the OTC, dropped by 1.03%, equivalent to 260 units, from the height of this index, to the range of 25,026 units. During trading on Wednesday, the situation of the total index and the equal weight index did not have any significant and special difference, but the equal weight index showed a stronger reaction to the flow of fear and concern prevailing in the market.
Tehran Stock Exchange in the mirror of statistics
The board of the Tehran Stock Exchange showed the value of small transactions (shares, preemptive rights and mutual funds) on Wednesday, 4,251 billion tomans. Placing the transaction value in the channel of four thousand billion tomans is still not enough to move towards the dynamics of the market. In general, until this evaluation index of the Tehran Stock Exchange cannot be stabilized in the ranges higher than five hemats, from the point of view of table reading, it is not possible to draw a clear vision ahead of the stock market.
The board of Tehran Stock Exchange shows the trading volume of 7.5 billion shares on Wednesday. Experts believe that the more the trading volume reaches higher levels in the current ranges of the total index, the clearer the vision of the new wave of the total index will be drawn in the minds of the shareholders. Because the entry of fresh shareholders makes the way up smoother.
The purchasing power in the market on Wednesday recorded a negative figure of 1.19, which indicates that the sellers are more powerful in the market. Also, checking the ownership statistics of real people on this day indicates the withdrawal of real people’s capital from the stock market. The index of capital inflows and outflows at the end of the stock market on Wednesday reports the outflow of 768 billion tomans from shares, preemptive rights and mutual funds.
Saturday stock market forecast
As for the forecast of the stock exchange on the first trading day of the week, it is expected that the sellers will take over the market due to the re-emergence of the war fever. Therefore, it seems that stock indicators of Tehran Stock Exchange will be accompanied by a decrease in height at the end of the day.
Read more reports on the capital market page.