Prediction of the Saturday stock market / will the market remain red-faced?
According to Tejarat News, the stock market passed the second week of September with a downward trend. The total index of the Tehran Stock Exchange today, Wednesday, 16 September 1401, was accompanied by a drop of 7,975,000 units. In the end, the market boards showed a figure of one million and 412 thousand units for the total index. Like the total index, the equal weight index experienced a small drop today and stabilized at 410 thousand units. Taking this into account, the return of the total index in the second week of September was equal to minus 1.6%, and the return of the equal weight index was also recorded as minus 0.35%.
The value of the transactions remained in the range of three thousand billion tomans as in other days and did not change much. Because of this, some experts say that until the outcome of JCPOA negotiations is not known, the capital market will continue a slow but continuous decline.
Saturday stock market forecast
Hossein Meridsadat, a capital market expert, said in a conversation with Tejarat News: “The stock market is not good, on the one hand, the value of transactions is very low, and on the other hand, some symbols are losing their bottoms.”
Regarding the transactions on Saturday, he said: Considering the status of transactions on Wednesday and the negative state of the market, it is likely that we will see queues and blackouts in the capital market on Saturday.
This capital market expert continued: The JCPOA news is not favorable at all and sometimes negative signals are sent to the market. According to the news, it seems that the negotiations will not reach an agreement in the short term.
He emphasized: In the market as a whole, it is now a paradise for project-oriented shares of micro and small industries in the market.
In the end, Meridsadat said: “The withdrawal of money from the 50 major symbols of the market has been quite evident for months, and we hope that due to the small industries of the market, large groups will also grow.” But it can be said that the capital market is in purgatory and waiting for new money to be recognized.