According to Tejarat News, during trading on Tuesday, the main thermometer of the glass hall with a growth of 0.69%, equivalent to 14,840 units, was above the height of 2,150,000 units. What is the basis of the stock market forecast for the beginning of next week? In a situation where the equal weight index, which shows the same effect of all stocks, had a parallel display and reached a height of 726,000 units with a growth of 0.77%.
Tehran Stock Exchange under the microscope of statistics and figures
The board of the Tehran Stock Exchange shows the mid-week trading volume of 11 billion shares and the value of retail transactions (shares, preemptive rights and mutual funds) at 7,176 billion tomans.
Experts believe that the more the trading volume reaches higher levels in the current ranges of the total index, the brighter the vision of the new wave of the total index will be drawn in the minds of the shareholders.
The value of transactions, another factor for evaluating the stock market situation, experienced a significant increase compared to Monday. However, the continuation of this index above seven thousand billion tomans is necessary for the continuation of the positive trend of the stock market.
Checking the statistics of the ownership of real people on Sunday indicates that real people’s capital came from the stock market. The index of capital inflows and outflows at the end of Sunday’s stock exchange reports that 78 billion tomans of money has flowed into stocks, pre-emptive rights and mutual funds.
How does the stock market remain on the upward track?
In the past week, the residents of the capital market witnessed the growth of the indicators of the glass hall, and the total index of the Tehran Stock Exchange succeeded in conquering its 2.1 million channel. Before this, the experts expected the index to return to the positive trend due to its deep decline and reaching valid support ranges.
But the point that exists in this is the shadow of systematic risks that dominate the capital market. The drop that started in the middle of May and later became clear that the reason was the change in the petrochemical feed rate. This issue itself is considered among the systematic risks of the stock market, the sudden and overnight decisions that have dominated the country’s economic environment in the past years. Reducing this risk and controlling it by the macroeconomic system will cause a positive reaction in the stock market.
Just as the formulation of the feed rate and the generalization of this formula for the next 5 years changed the market trend, and the deep correction that started in May has finally ended.
Regarding the removal of the 28,500 Toman dollar, it can be said that it was very similar to the 4,200 Toman dollar incident a few years ago. There should not be a gap between the value of the dollar in the free market and the dollar of the Nima system. Otherwise, it will cause the waste of foreign exchange resources and the creation of large cycles of rent and corruption. Therefore, experts believe that in the long term, it is in the interest of the economic environment of the country that the exchange rate moves towards a single rate (although it is not possible at the moment).
Saturday stock market forecast
The point about the continued growth of the overall index is that there are important psychological levels further down the path of the index, each of which has been missed, and the index must retrace these levels. But if the index is to grow to higher ranges than psychological levels, more trading value than what the market experienced last week is needed.
For this reason, when the index reaches its resistances, capital market activists closely monitor the value of transactions. If the value of transactions grows, we can expect the main thermometer of the glass hall to cross its resistances.
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