Golden industries of the stock market in May / will the total index reach 3 million? – Tejarat News
According to Tejarat News, the upward trend of the stock market started in the last months of last year. This process has continued until today and has made the shareholders’ portfolios green to a large extent. All the indices and most of the industries and stocks in the market experienced a very good growth and now they are making up for their past losses.
The stock market broke a good record in April; For example, Shahid Investment Company with the symbol of Sashahed gained more than 130 positive returns. Also, the highest market value reached the telecommunication industry, followed by transportation, warehousing and communication.
The noteworthy point is that no industry had a negative return in April, and it was the retail industry that experienced the lowest return by reaching the number 11. In general, market industries had an upward trend this month; But some individual shares were negative, which are expected to face a reduction in losses in May.
The market has been on the growth circuit for a whole month, and with these conditions, it seems that the situation will be like this this month as well; But the index is expected to have a little rest on some days. But the productivity of industries remains positive.
This rise will increase confidence and inflow of liquidity; But the main point here is that if the government interferes in the stock market again, we will see a change in the conditions in the trading process and the market industries will fade away.
Stock market growth unlike in 1999
Ali Moulai, CEO of Maskan Bank Brokerage, told Tejarat News: “The capital market has experienced a balanced growth during this period, unlike the events of 2019.”
He stated: “Unlike in 2019, when some stocks suddenly became index makers and grew by more than 100 percent, and smaller stocks also grew by 10 and 7 times, now the stock market is growing in a balanced way.”
This capital market expert continued: “From the second half of 1401 and the beginning of 1402, that emotional growth model is no longer seen in the market. The state of balanced growth of the stock market indicates that it is becoming intelligent.
Moulai explained: “If we examine the transactions of the last few days, we will see that the equal weight index has taken a different path compared to the total index, and all these cases indicate the balanced growth of the capital market. This means that the smaller stocks that were lagging the market’s larger stocks are making up these days.”
This capital market analyst emphasized: “In this period of growth, shareholders should be careful not to repeat the events of 1999.” As a result, they should form a profitable and valuable stock portfolio and not look at the market and the investment portfolio as fluctuating.”
Which industries will rise?
In response to the question of which industries will be the leaders in May, the managing director of Maskan Bank said: “If the issue of automobiles and the supply of auto-manufacturers’ products in the stock market and their price increases are determined, this industry can be in a good situation.”
He continued: “In general, it can be said that in this month, the automotive, refining and petrochemicals groups can be the leaders of the index growth, respectively.”
Capital market forecasting
“After the market experienced a good growth in April, the overall index needs a rest,” Moulai said in forecasting the transactions of the Glass Hall. This break will cause the shares to move somewhat and a new and fresh shareholder will enter the market. According to this capital market expert, this break will stabilize the index.
This capital market expert finally said: “If the index rests in the range of 2,200,000 units to 2,300,000 units for a few days, the growth of the index will definitely continue.” This year’s market will grow to the range of 3,500,000 to 600,000 units.
In the last two and a half years, the Tehran Stock Exchange had a lot of lags compared to the parallel markets and inflation, and it seems that now is the time to compensate. This year’s stock market will have the highest returns compared to parallel markets and inflation.