Is stock market growth imperative / will the neutral trend continue next week?
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According to Tejarat News, the stock market grew significantly earlier this week as a result of the positive signals sent by the Minister of Economy. In the middle of the week, the overall index grew by 9% compared to the same period last week, and the channel index recovered to 1.4 million. However, due to the low value of transactions, this situation did not remain stable. Finally, the total stock index grew by 2.8% this week compared to last week.
Mohammad Kheiri, a stock market expert, said: “This week we saw cross-sectional support in the stock market, which began with the decisions of the Minister of Economy.” In my opinion, this news was the result of pressure on the officials from the capital market.
He continued: For example, the Bandar Abbas oil refinery had a purchase queue of 200 million Tomans one day and there was no queue tomorrow. This support is more grammatical and is intended to temporarily silence criticism. This is not a market solution. The problem with our market is the lack of liquidity.
The stock market expert said: “On the other hand, there is the issue of negotiations, from which strange and contradictory news is transmitted.” However, reaching agreements is essential for our economy.
“Currently, the market situation is not justifiable and the situation is stagnant,” he said. News is published from time to time. But in general the situation is ambiguous. But this week, with the support provided, they kept the market at 1.3 million. If there is no grammatical support, the market situation will be the same at the beginning of next week.
Kheiri added: “In the meantime, the situation is a little better in small shares, and we are witnessing some movements, and they will probably continue with small growth.” In addition, we will provide support for Saturday in some industries on a rotating basis.
The expert pointed out: “Outside the capital market, there are also influential factors, including the Barjam negotiations, which must be assigned.” In general, given that the stock market reacts to variables with a delay compared to other financial markets, we must continue to see how the situation is going.
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