Forecast of the stock market Wednesday, June 3, 1402 / the battle of attrition between buyers and sellers – Tejaratnews

According to Tejarat News, the stock market transactions were closed on Tuesday in such a way that the main indicator of the glass hall registered a green candle despite the fluctuating market as in the past days; In this way, the total index increased by 12,292 units, which is equivalent to 0.53% of this index, and stood at the level of 2,330,000 units.

Tuesday’s behavior of the total index promises the stability of the new trend of the stock market to the people of the capital market. Also, the equal weight index behaved in line with the total index and reached the level of 791 thousand 142 units with a growth of 1.84 percent.

The stock market under the magnifying glass of statistics and figures

The board of the Tehran Stock Exchange shows the volume of transactions on Tuesday at 17 billion 260 million and the value of transactions at 13 thousand 80 billion tomans, which includes stocks, preemptive rights, and mutual and mixed funds.

Also, the analysis of the ownership statistics of real people shows that on Tuesday, like the previous day, real people had a minimal entry into the stock market. In such a way, the capital inflow and outflow index at the end of the stock exchange on Tuesday, reports the entry of 230 billion tomans of money into the stock exchange.

Stock retreat from the daily ceiling

The opening bell of the stock market rang on Tuesday, with the relative strength of buyers at the start of trading. Over time, however, the majority of market symbols retreated from their daily ceiling. Also, during today’s market, the lawyers offered shares in some symbols at prices close to the buying line.

Pessimistic analyzes of the stock market point out that the quarterly and annual reports, which are one of the important supports of the upward trend, have been biased. It means that the market expected the good performance of the companies, and with the publication of reports this month, we did not see their impact, as it should and maybe.

However, some stocks, including “Webmelet”, have reported a significant increase in their profitability with the publication of their annual report. In the same way, these kinds of shares are noticed by the market and experience high volume of transactions. According to the unaudited report of 1401, Bank Mellat has reported a little more than 245% increase in net profit compared to the same period last year.

Wednesday stock forecast

It seems that the general trend governing the stock market is the desire of the market to maintain balance and gather energy for the last weeks of the spring season. Maybe this is the answer to the question raised in the minds of most of the market. While economic factors such as 60% inflation and the exchange rate have not changed much from a few weeks ago, and on the other hand, with the quarterly and annual reports of companies, the market price-to-earnings ratio (P/E ttm) has been adjusted, from the rising power of the market to has been significantly reduced.

To predict the stock market on Wednesday, it seems that the supply will be a little more than today, but at the end of the stock price fluctuations will continue in the current range.