Forecast of the stock market on Saturday, July 17, 1402 / Is the new capital market trend continuing? – Tejarat News

According to Tejarat News, Tehran Stock Exchange is increasing its distance from the ceiling of August 2019 with its consecutive growth in the second week of July. As this gap increases, the possibility of the scenario of some market participants regarding the pullback of the total index to the range of the ceiling of 1999 becomes less. On the other hand, the possibility of the scenario of the next kinetic wave of the total index will also become more likely.

After the correction process of the index started on May 17, the total index lost nearly 16%, equivalent to 402 thousand units, in just 23 trading days. After this drastic correction, which caused a shock to the shareholders, the stock market went through fluctuations in the form of suffering, which caused two ceilings in the range of 2 million 189 thousand and 2 million 196 thousand units. Now, the total index of its consecutive growth in the second week of July stands at a height of two million and 202 thousand units. This means that the total index has crossed the ceiling of its range. The existence of this matter has made the shareholders and people of the capital market hope for the continuation of the good trend of these market days.

On the other hand, a lot of positive news has been published in the market atmosphere. Among these news, it is possible to mention the possibility of the Competition Council revising the pricing formula of car manufacturers’ products. In the second week of July, this news was able to first green the map of the car stock market and then spread to the whole market.

Tehran Stock Exchange under the microscope of statistics and figures

The board of the Tehran Stock Exchange shows the trading volume of 10 billion 329 million shares and the value of small transactions 6 thousand 802 billion 700 million tomans on Wednesday. The increase in the volume and value of transactions compared to the average value of transactions in the last month has made the recent growth more valid.

Unlike on Tuesday, the investigation of the ownership statistics of real people indicates the entry of real capital into the stock market. The capital inflow and outflow index at the end of the last day of the week reports the inflow of 491 billion and 800 million tomans from shares, preemptive rights and equity funds.

On Tuesday, the stock market, along with the increase in the value and volume of transactions, faced the outflow of real money. This clearly showed that a group of people saw the recent growth as an opportunity to exit and started selling their shares. If this process continued on the next day, Wednesday, it could make market participants worried about the future of the market. However, the arrival of real people’s money on the last day of the week showed that the market is more valuable than parallel markets in the eyes of a large group of people. If some officials don’t take the opportunity to return trust from the stock market with their sudden decisions, the capital market has the capacity to host investors.

Saturday stock market forecast

The trading process on the last day of the week, from the beginning of the market to the last half hour of the trading period, was progressing well and gradually increasing the power of buyers. In the last minutes of the trading flow, however, the appearance of sellers in the trading trend chart was clear. However, after the 15.81% drop of the total index, the prices show great resistance to the price reduction.

This type of market behavior shows that the story of the increase in the feed rate of the petroleum refining industry after the heavy negative shock with all its side effects and the impact it had on the shareholders’ confidence in the stock market is nearing its end.

However, the volume and value of transactions are still at a low level and it is a sign of uncertainty and trade of the people of the capital market to enter stocks. This issue itself makes stocks not have enough energy to start a high-speed upward trend.

On the other hand, if another strange thing does not happen in the sky of Tehran Stock Exchange, we cannot expect a big drop in the prices at the current levels.