Is the stock market indifference to Borjam / Bourse news next week also negative?
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The stock market has been very weak in the past week, according to Tejarat News. The overall index fell 2.4 percent from the previous week. The value of trades was at a minimum and decreased during the week. Finally, the total trading value of the stock exchange ended with about 2100 units on the last trading day of the week.
Payam Eliaskordi, a stock market expert, said: “In the past week, we hoped that the index of the whole downtrend channel would break and move upwards. But this did not happen. The main market problem right now is the value of trades. During the last trading week, the value of trades also decreased with each passing day. Finally, on Wednesday, the value of transactions reached a record and was only 2100 billion tomans.
He continued: The value of transactions is cold and snowy like the weather these days. The market is not responding well to any news right now. There was talk of 10 clauses that were so-called in favor of the capital market and raised concerns for market participants. The overall market atmosphere is uncertain.
The stock market expert said: “Naturally, when the negotiations are fruitful, the banking and automotive industries should have a very positive impact.” But despite the good news from the broadcasts, due to the atmosphere of uncertainty, the very low value of transactions and the lack of capital in the market, even the two industries that were supposed to benefit are in a neutral position.
“Next week, the market will continue this week and we will face low trading values again,” Eliaskordi said. Given that good news of negotiations is likely to arrive in the coming weeks, the banking and automotive groups may be in a better position than the market as a whole.
He continued: In a theater that has two good actors, it is useless when there is no spectator. Therefore, even if the car and the bank have good conditions so that they are not bought, we will not have a good situation. Therefore, the stock exchange will probably continue to operate next week with a negative volume and low trading value.
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