Forecast of the stock market on Sunday 21 June 1402 / Is the fate of the stock market tied to the dollar? – Tejarat News
According to Tejarat News, the stock market dropped more than 73,000 units on the first day of the week to be on the verge of losing the important and psychological range of 2,200,000 units.
During the last week, the price of the dollar decreased and fell to the channel of 49 thousand tomans. This process caused fear in the market and the total index of Tehran Stock Exchange decreased by 73 thousand and 372 units and stopped at a height of two million and 215 thousand units.
The trend of the equal-weight index also showed that in the small and medium-sized companies sector of the market, supplies were followed with great strength. With a 3.33% drop, this index reached a height of 750,812 units.
Tehran Stock Exchange under the microscope of statistics and figures
The board of the Tehran Stock Exchange shows the volume of transactions on Saturday at 11.7 billion and the value of transactions at 7.626 billion tomans.
Investigating the ownership statistics of real people indicated a heavy withdrawal of real capital from the stock market. The index of capital inflow and outflow at the end of the stock market on Saturday reported the withdrawal of 2,104 billion tomans from the stock market.
Another interpretation in this regard is that, to some extent, this heavy outflow of money in this support range seems suspicious, and perhaps it can be related to the purchase of shares by the legal market.
Sunday stock market forecast
The current stage of the stock market is very similar to the stage of 1997. In the fall of 1997, some big funds were accused of offering shares and suffering negatively in the market. This happened at the same time as the dollar rate dropped, which was traded around 17-20 thousand tomans and corrected to 10 thousand tomans.
After this incident and the sharp correction of the market, the value of the transactions was at a low level, and for 6 months there was not much luck towards the stock market among investors.
After this correction and stagnation of stock market transactions, from March of 1997, the market reached its stable conditions and returned to its upward trend. Currently, along with the correction of the dollar in the middle of May, the market entered a correction process that has continued until today.
If we want to follow the behavior of the market in the past, a temporary correction of the capital market and stagnation in transactions before returning to the correction process is not far from expected.
It seems that after the assignment of the main driver of the market, the dollar, whose future is tied to the diplomatic atmosphere, the market will have the necessary stability to continue its movement.
In relation to the Sunday market, it should also be acknowledged that normally in the days after the heavy supply of the market, the possibility of a strong strengthening of the demand side is very small. Therefore, it is expected that while the supplies are less than on Saturday, there will be a relative balance on the market.