Saturday stock market forecast / Which market industries will grow?
According to Tejarat News, in the past week, the total index of the stock market decreased by 1.3% and reached the level of 1,513,717 units. The total weighted index also reached a height of 421,481 units with a decrease of 0.19%, and the total OTC index also decreased by 1.25% and reached a height of 20,411 units.
In the 5 trading days of the past week, the discussion of the dollar rate reduction and the conflicting news that was sent to the stock exchange about the agreement affected the market trend, which made us see an average daily outflow of real money amounting to 376 billion tomans. In general, last week, about 1,882 billion Tomans were withdrawn from the capital market by individuals.
In the past week, the transportation industry index increased by 11.55%, retail sales by 11.54%, and the automobile industry by 5.85% had the highest growth compared to other stock market industries. The factor affecting these industries was the news related to the agreement, which could directly affect the transportation industry. On the other hand, we saw the biggest drop in information and communication industry by 8.02% and cement industry by 6.23%.
Will the stock market go down?
Iman Raisi, a capital market expert, in a conversation with Tejarat News about the analysis of market conditions, says: The stock market will have a balanced trend next week. Also, the capital market transactions on Saturday will be affected by the deal negotiations for rial groups. The good news of the Joint Comprehensive Plan of Action could not cause the growth of rial groups, the failure of negotiations cannot lead to a sharp drop in these groups.
He explains: There are signs of stagnation in the capital market. Stock prices have fallen a lot and can’t fall more than their intrinsic value, on the other hand, they can’t grow and somehow the state of the stock market is in a state of uncertainty.
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