Prediction of tomorrow’s stock market / fluctuation of the glass hall in sync with the dollar – Tejaratnews
According to Tejarat News, the total index of Tehran Stock Exchange started a downward trend today and entered the range of 1 million 400 thousand units from the channel of 1 million 500 thousand units. The first market index recorded a decrease of eight thousand and 281 points and the second market index recorded a decrease of 12 thousand and 87 points.
The total stock market index decreased by 8,813 units and reached the range of 1,492,000 units. Also, the equal weight index stood at 442,000 units. The value of capital market transactions also reached 4,689 billion tomans. The number of positive symbols was 287 and negative symbols were 352.
The movement of the stock market along with the growth of the dollar
Ahmad Ishtiaghi, a capital market expert, said in a conversation with Tejarat News: The capital market experienced an upward trend and entered a new channel based on the expectation of inflation caused by the increase in the price of the dollar. He added: “At this point, it is not logical to park money and investors are buying stocks for fear of creating a special inflationary condition.”
Eshtiaghi stated: The capital market was facing a decline in the first step, i.e., the 4th of November, when the index decreased to the range of 1.280 thousand units. After that, the index was able to grow to the range of one million and 400 thousand units; In this period of time, the free market dollar had reached the range of 36 thousand tomans.
The importance of the semi-dollar for the stock market
This capital market expert explained: Within a few weeks, the price of the dollar reached the threshold of 39 thousand tomans, and at the same time, the index was able to reach the range of 1 million and 500 thousand units. Considering the price of the dollar, it was expected that the index would remain in this range for a few days, but today the index turned downward, which is caused by the change in the price of the dollar.
Estiagi emphasized: Considering the events, it is expected that the price of half dollar will increase slightly. Because there is a gap of more than 30% between the semi-dollar and the free market, and this increase in the price of the semi-dollar cannot be temporary and will eventually affect the stock market.
Growth potential
This capital market expert stated: Due to the stability of the stock market compared to parallel markets and the appropriate P/E that this market currently has, we do not expect a decrease, but the growth of the stock market will not be continuous. He added: Although the stock market is currently facing growth restrictions due to the 1402 budget, the revival of JCPOA, industrial feed rates, lack of liquidity, etc.
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