Forecast of the stock market Wednesday, October 12, 1402 / the beginning of the vital week of the Tehran Stock Exchange – Tejaratnews
According to Tejarat News, the Tehran Stock Exchange displayed a negative generality in the past week. The first three days of the week were accompanied by a drop in the height of the glass hall indicators, and only on the last day of the week, the total index experienced a slight growth.
Experts believe that next week, the index will reach its support points and the reaction of the main indicator of the glass hall should be carefully monitored. On the other hand, in order to determine the task of car sales, a meeting will be held in the competition council, the result of which will affect the direction the market will take.
Overall, most of the symbols are within their support ranges and it is unlikely that the shareholders will see a sharp price correction in the market from the current levels. Currently, until the ambiguities in the market are resolved, single stocks that are far from the margins of the market and the hands of policymakers will be favored by the people of the stock market.
The performance of the glass hall displays
At the end of trading on Wednesday, the main thermometer of the glass hall stood at two million and 69 thousand with a small growth of 0.11%, equivalent to two thousand units of the height of this index.
The increase in the height of the main indicator of the glass hall happened while the equal-weighted index, which indicates the general price trend of all small and medium-sized companies, registered a parallel but stronger performance and reached a height of 715,000 units with a growth of 3,245 units.
The total OTC index, which reflects the general level of the stock prices of the companies present in the OTC, stood at the level of 25,928 units with a growth of 0.32%, equivalent to 83 points from the height of this index.
During the course of trading on Wednesday, the status of the total index and the equal weight had a significant and specific difference from each other; The balance index can react sooner. Due to the positive movements in some individual stocks, the demand for medium and small stocks will probably increase in the second half of October.
Tehran Stock Exchange in the mirror of statistics
The board of the Tehran Stock Exchange showed the value of small transactions (shares, preemptive rights and mutual funds) on Wednesday, 3.887 billion tomans. The value of transactions decreased compared to the level of the previous day. Placing the transaction value in the channel of three thousand billion tomans is not enough to increase the market dynamics.
However, the value of small market transactions was acceptable in the early days of the week. We saw green on Monday’s market map as demand for individual stocks increased, driven by revaluations and performance reports.
The board of Tehran Stock Exchange shows the trading volume of 6.6 billion shares on Wednesday. Experts believe that the more the trading volume reaches higher levels in the current ranges of the total index, the clearer the vision of the new wave of the total index will be drawn in the minds of the shareholders. Because the entry of fresh shareholders will make the way up more smooth.
Saturday stock market forecast
What is of great importance for the capital market at the current stage is the transaction volume factor. The important range of two million to two million and 50 thousand units of the total index is known as the market floor by the people of the stock market, and in the coming week, all market participants will focus on these levels of the total index.
Read more reports on the capital market page.