Market crossing the red zone? / Today’s stock exchange forecast is November 9th

According to Tejarat News, the stock exchange ended its work today in green while cars had a significant share in this positive growth. Will the growing market trend continue?

Iman Raisi, a capital market expert, stated: The main factor for the growth of the stock market is currently the car group. Today, the car group ate very well. Of course, this growth is probably the work of market players to reduce the complaints of shareholders.

He added: “I predict that the market will remain positive tomorrow with the growth of the automobile group.” In this situation, shareholders make a profit to keep their share. Whoever sells in the positive and buys in the negative will be left with the main profit of the market.

Raisi said: Iran Khodro is worth 170 Tomans and has grown by 25% and in my opinion, in the short term, there is still room for growth.

The capital market expert stated: If the car price increases, it will be one of the top groups in the market in the long run.

The world of economics wrote:

Market crossing the red zone?

Despite the growth of the overall capital market index, industries have experienced the most turmoil. The stock market dissatisfaction of the year 1999 has affected the overall index and the homogeneous index in different ways, so that the real picture of the trading space is hidden. While the sharp fluctuation is associated with the stock market, there are several important reasons for this claim.
About two months ago, the closed symbols were traded at very low prices after reopening. This trend neutralized the forward movement of the market and had a negative impact on it. On the other hand, as has been pointed out many times, the capital market suffers from a lack of liquidity. Large legal entities and large non-governmental organizations, including banks, pension funds, or government-affiliated entities, have all shown little interest in buying stocks in recent months. An important issue that was not prioritized by policymakers due to lack of budget and government resources. In such an environment, investors do not have the preference to enter the capital market due to the negative psychological atmosphere, which is why stock prices are constantly fluctuating. Meanwhile, legal entities are not very willing to trade on the stock exchange.

At present, the green market has been seen for a few days now. If the overall index rises along with the homogeneous index, there is a possibility that the market will return to equilibrium. The fact is that the forward P / E of many commodity companies, including petrochemical, metal, refining and mining, had fallen below 4, which we saw under the influence of different margins.

The market continues to move on the razor’s edge, and the slightest slippage from the situation index can make it critical. At the moment, the eyes of small investors are on the way of legal transactions. At this stage, when the market is in critical days, how to buy and sell legally can determine the possible path of trading. A P / E review of many stocks shows that a large portion of the symbols on the market have reached the price floor and are in a good position to buy. At the same time, if the market has fundamental supportive policies, it can easily continue to rise. This is evident from the growth of refining groups and automobiles.

On this basis, and considering that the market is not in a red situation, we can hope that this market situation will improve. The market trend from last week indicates relatively positive events. In this regard, it should be noted that in the coming days, the market may be accompanied by fluctuations that are not worrying, and this trend can be temporary.

Given the negative psychological climate in the market, it seems that investors do not accept the risk of being in this market, while the market will soon return to equilibrium. At the same time, due to the bitter experience of stock market investors in 1999, it is suggested that shareholders refrain from hasty actions to buy shares.