Prediction of the stock market on Saturday/ will the total index grow?
According to Tejarat News, the total index of the stock market moved on an upward trajectory today, and the forecast of the stock market for Saturday and next week in general has been discussed in this report.
The total index of the Tehran Stock Exchange stabilized at the level of 1.898 thousand units today, July 29, with a not very significant growth. The equal weight index also took a growing trend and reached the range of 403 units with an increase of 2,104. Of course, capital market analysts believe that this growth is temporary and probably the total equal weight index will experience a corrective trend next week.
The monthly return of the stock market in July 1401 was equivalent to negative 4.4%. In addition, other market factors, including the value of transactions and the entry and exit of real money, all confirm the chaotic situation of the stock market. The market was accompanied by the withdrawal of real money on all trading days of July, and today the amount of this withdrawal reached 300 billion tomans. On the other hand, the value of retail transactions went through a completely downward trend in July and reached two thousand billion tomans today.
This unprecedented decrease in the value of transactions shows the growing reluctance of market people to buy and sell. This issue has caused the concern of many shareholders and market participants.
Saturday stock market forecast
Capital market expert Fardin Aghabozurgi said in predicting next week’s transactions: “The noticeable drop in the stock market index in the last two months has made potential sellers hesitate to sell, and the intrinsic value of most stocks is higher than their price.” Therefore, it can be said that the capital market will have a balanced trend next week.
This capital market expert emphasized: the industries that have experienced the biggest drop during this period will be balanced.
Read the latest capital market predictions on Tejaratnews stock market prediction page.