Forecast of the stock market Wednesday, October 5, 1402 / The stock market is waiting for the determination of cement and steel
According to Tejarat News, the stock market welcomes the last trading day of the first week of autumn, as it did not experience favorable conditions in the previous days and the trading flow was not strong. Although Sabzefami’s market map on Tuesday indicates better trading conditions, the market variables still beat the drum of stagnation.
In the meantime, whispers of releasing or increasing the rate of radial riding tires for tire manufacturers have been raised in the virtual space, and if it becomes official, the tire industry can receive the attention of the people of the market.
The performance of the glass hall displays
At the end of trading on Monday, the main thermometer of the glass hall decreased by a slight drop of 0.16%, equivalent to three thousand and 308 units from the height of this index, to the level of two million and 97 thousand units.
The decrease in the height of the main indicator of the glass hall happened while the equal weight index, which indicates the general price trend of all listed companies, recorded the opposite performance and increased by 792 units and reached a height of 717 thousand units.
The total OTC index, which reflects the general level of the stock prices of the companies present in the OTC, remained unchanged at the level of 26 thousand 6 units.
Tehran Stock Exchange in the mirror of statistics
The board of the Tehran Stock Exchange showed the value of retail transactions (stocks, preemptive rights and mutual funds) on Tuesday at 4,16 billion tomans. The value of transactions recorded a decrease compared to the previous day’s level. The channel of four thousand billion tomans is still not enough to increase the dynamics of the market.
Experts believe that stabilizing this index above seven thousand billion tomans is necessary for the continuation of the positive trend of the stock market. The board of Tehran Stock Exchange shows the trading volume of 6.6 billion shares on Tuesday.
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 entry of fresh shareholders will make the way up more smooth.
Checking the ownership statistics of natural persons on Tuesday indicates the departure of real capital from the stock market. The capital inflow and outflow index at the end of Tuesday’s stock exchange reports the outflow of 153 billion tomans from shares, preemptive rights and equity funds.
Wednesday stock forecast
The slowing down of the withdrawal of real money was one of the few positive signs of these days of the glass hall. In addition to this, the news of Bazarpash’s partial withdrawal from his position quickly spread on the internet after the end of trading on Tuesday. If the new challenge of the market, which is the withdrawal of cement and steel from the commodity exchange, is overcome in favor of the shareholders, we can expect the return of green to the trading board.
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