Market performance in the second week of February 1401 / Flagship coin of financial markets
According to Tejarat News, the financial and capital markets were once again influenced by international news in the last week. This is despite the fact that during this week the price of dollar and coin in the open market was relatively stable, but finally the price of dollar, coin and gold closed with an increasing trend on the last day of the week. In the efficiency of the markets, the stock market was left behind from other markets and started a negative trend.
Dollar price
Dollar price In this week, unlike the first week of February, it had a positive return. The National Exchange announced the price of the dollar at 41,800 tomans on Thursday, 6 February. Meanwhile, the price of this American banknote was announced at 43,616 Tomans yesterday in the national exchange, and compared to last week, it had a positive yield of 34.4%.
According to the announcement of the Central Bank, the price of the dollar has increased by 1,816 Tomans in the last week.
The dollar price fluctuated in the second week of February due to domestic and foreign news. The foreign exchange market was stable in the middle days of the last week with a tendency towards upward trends, and some traders considered this stability as the market maker’s desire to pass the Fajr decade.
On Tuesday, February 11th, the Money and Credit Council revised its previous resolution on the organized market for foreign exchange transactions and introduced that market at a developed level as “Iran’s currency and gold exchange center”.
Some market participants considered the direct intervention of the central bank in the past days as an indication of the recognition of the free currency trading market by the country’s monetary institution and were optimistic about it, but some experts also attributed the failed projects of the previous governments to the expertise of the current government. .
gold price
Gold had a return of 88.2% this week, the return of this market decreased compared to the first week of February.
Price gold On Thursday, February 6, 1401, it was 2 million and 117 thousand Tomans. This is despite the fact that each gram of gold was traded for 2 million and 178 thousand Tomans on 13th of Bahman 1401. In the second week of February, gold became more expensive by 61 thousand tomans compared to the previous week.
In recent months, the price in the yellow metal market has consistently followed the dollar, and according to experts, the global gold market is not an active player at the moment. In the last 2 days, there were many coin sellers in the market and some media called this selling pressure, which did not have much demand, selling coins to participate in the pre-sale of car purchases.
Prices for coins
The yield of the coin market increased by 50.4% in the second week of February and was the highest yield in the financial markets as last week. Meanwhile, this market had a yield of 0.55% in the first week of February.
Compared to the previous week, the coin became more expensive than one million tomans. Prices for coins Emami was traded at the rate of 23 million and 780 thousand tomans in the market on February 6 and reached the price of 24 million and 849 thousand tomans on Thursday.
For the next week, coin traders predict a price floor of 23 million 200 thousand tomans and a ceiling above 25 million tomans, and they believe that the market is waiting for the trend of the dollar, and the dollar also reacts to foreign policy news these days.
Exchange
The second week of Bahman ended while the total index ended its work at a height of 1,547,244 units after a 3.36% drop this week.
The most important event of this market week happened on Sunday 9th of Bahman. So that on this day, with the withdrawal of 2 thousand billion tomans of real money from the stock market, the total index formed a powerful downward candle and stood at the level of 1 million and 541 thousand units.
On the other hand, the total equal weight index witnessed a heavier drop in this challenging market week. This index, which represents the small and medium-sized companies of the stock exchange, was placed at the level of 486,866 units with a decrease of about five percent.
The highest yield of the week
The market of the second week of Bahman ended its work while the third IPO of the century recorded the highest return of the week. “Ardestan”, which was offered on Wednesday, January 28, 1401, with 170,250,000 shares, gained 27.4% return this week.
Also, “Ghadane” was another IPO of the stock market, which was able to become the second most profitable stock in the second week of Bahman.
“Kia” also experienced a 23.3% price increase this week. It should be noted that the important support level of this share is 772 Tomans.
The lowest yield of the week
With a 21.5% decrease, “Fasrab” won the lowest yield of the market this week. If this share is not supported at the level of 160 Tomans, the other important support for this share is 142 Tomans.
“Gedna” and “Taghreb” also got closer to their supports of 898 and 635 tomans during the second week of Bahman in the market with a drop of 19.2 and 18.8 percent.
Read more reports on the currency and gold news page.