Is the stock market going up today? / There is no liquidity to trade valuable stocks
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According to Tejarat News, the total index was in the middle of today’s market with a growth of more than 4,400 units in the channel of 1,413,000 units. The total and homogeneous indices grew green with 0.32 and 0.68% growth, respectively.
Shasta, Fars and Nouri had the most positive effect on the overall index so far and Petrol, Bourse and Sepid were more active than other symbols.
The OTC index with 15 growth units is in the channel of 20 thousand 268 units and Pars and Zagros are more effective with a decrease and OTC with growth in the overall index.
Not a serious determination to support the market
Regarding the market situation today, Mohammad Kheiri, a stock market expert, said: “The contradictory signals that came from the government this week show that there is still no serious determination to support the market.”
He continued: “On the other hand, the lack of liquidity in the market has become a problem and shares are fluctuating in a range. Because the trading volume is low, the market can not be seen as trending.
“In this situation, the Egyptian government is still selling bonds and the rate of return on bonds has reached 24 percent,” Kheiri said.
The stock market expert noted: “Companies are valuable in terms of price growth, but the lack of government support, the existence of the debt market and the vague decisions of the government have made the stock market lifeless.”
He added: “The stock market is facing valuable stocks that if there was liquidity, we would see good movements in the market.” At present, liquidity does not reach small stocks as it should.
The vegetable stock continues next week
Mahshid Dadashzadeh, a stock market expert, also said: “Today’s market trend is due to the fever of the orderly pricing policy and price correction for volatility, and we will see an increase in demand by the end of the market.” We also expect the trading trend to be positive next week.
He continued: “Currently, to determine the group leader, most investors are waiting for the assignment of mandatory pricing, as well as the trend of the dollar exchange rate.” If we are to follow the private industry, it seems that investors are still following the trend of automobiles. This industry and especially the parts group will be more profitable.
Dadashzadeh said: “Traders should be more careful in determining the risk to Rivard in the transactions of the chemical industry group, given the recent growth.”
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