Forecast of the stock market on Saturday, November 6, 1402/ The people of the stock market are waiting for a ceasefire – Tejaratnews
According to Tejarat News, the stock market went back and forth in the range of two million units during a negative trend in the past week. In the analysis of the behavior of the index in the last week, which was also influenced by important parameters, the important factor of indecision can be presented as the dominant behavior of the people of the stock market.
Experts believe that the market is in a state where there is no attraction for new capitals and even large capitals, which are usually leaders and important catalysts of market movement. Currently, the money market or fixed income funds are a safer haven for these markets.
Therefore, despite all the approaches that revolve around the issue of market value, due to the existing geopolitical uncertainties, the main driving force of the market, which is the attraction for small and large capitals, is still not seen in the market.
Regardless of the geopolitical turmoil that has cast a shadow on the stock market, the government’s view of the economy, which currently revolves around contractionary policies, is a good explanation for the current market conditions. Therefore, the current recession is justified on all asset markets.
The performance of the glass hall displays
At the end of trading on Wednesday, the main thermometer of the glass hall with a small growth of 0.09%, equivalent to one thousand and 734 units of the height of this index, was slightly above the two million units mark. The growth of the height of the main indicator of the glass hall happened while the equal weight index, which indicates the general price trend of small and medium-sized companies, recorded a parallel performance and reached a height of 676,000 units with a growth of 0.09%, equivalent to 580 units.
The overall OTC index, which reflects the general level of the stock prices of the companies present in the OTC, also reached 24,575 units with a slight growth of 0.03%, equivalent to 6 points from the height of this index.
Tehran Stock Exchange in the mirror of statistics
The board of the Tehran Stock Exchange showed the value of small transactions (stocks, preemptive rights and mutual funds) on the last trading day of the week at 3,247 billion tomans. The value of transactions experienced a slight decrease compared to Tuesday. Placing the value of transactions in the channel of three thousand billion tomans is still not enough to move towards market dynamics. 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 5.7 billion shares on Wednesday. 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. Because the arrival of fresh shareholders makes the way up smoother.
The buying power in the market on the last trading day of the week recorded a negative figure of 1.1, 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 285 billion tomans from shares, preemptive rights and equity funds.
Saturday stock market forecast
On Thursday morning, the foreign minister arrived in New York, continuing his travels for international consultations on Gaza. During this meeting, Amir Abdullahian announced: “The leaders of Hamas announced to us their readiness to release Israeli civilian prisoners.” We are ready to play our role for peace and stability in the region. Iran is ready to play a role along with Qatar and Türkiye. Hamas is ready to release Israeli prisoners in exchange for the release of 6,000 Palestinian prisoners in Israeli prisons.
Rumblings of a temporary truce in the Gaza war may revive the market in the coming week. The residents of the bazaars are carefully monitoring the developments in the region in order to apply appropriate decisions in the event of any of the two scenarios of a temporary ceasefire or an increase in the flame of war. Experts believe that if external risks do not threaten the market, companies that performed well in the first 6 months of the year will face an increase in demand.
On the other hand, according to what was reviewed, we cannot expect the start of the next wave of ascent in the coming week. Therefore, it seems like what was experienced last week, the sentiment of the market will create a balance of negative and positive days in the coming week due to the geopolitical developments.
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