Stock market forecast for Monday, August 30, 1402 / The legal market started buying – Tejaratnews
According to Tejarat News, in the second 6 months of last year, when the market was faced with a sharp decrease in the volume and value of transactions, experts considered this stagnation to be related to the uncertainty of investors due to the uncertain status of negotiations.
At present, however, the erosion of the downward trend of the market is the only reason for investors’ reluctance. The color and smell of recession is complicated in the life of the market. The negativity of the market has taken the stock price to valuable areas, but the buyers are still not convinced to enter, and the money parked outside the market does not dare to enter.
However, the trading board shows that the market rights were seriously on the buying side. There were other signs in the market on Sunday that promise the price correction will stop.
The main index of the glass hall faced a drop of three thousand and 479 units, which is equivalent to 0.18% of this index. Based on this, the total index stood at the level of one million and 954 thousand units at the end of trading on the second day of the week. The balance index also moved with the total index command. In this way, the index of small and medium-sized companies of the market could not increase its height and reached the level of 673 thousand 585 units with a decrease of 0.51 percent.
Tehran Stock Exchange under the microscope of statistics and figures
It should be noted that the Tehran Stock Exchange board shows the volume of Sunday’s transactions at 6.5 billion shares and the value of small transactions (shares, preemptive rights and mutual funds) at 3.674 billion tomans.
Checking the ownership statistics of real people on the first day of the week indicates the withdrawal of real people’s capital from the stock market. The capital inflow and outflow index at the end of the stock exchange reports the outflow of 366 billion tomans from shares, preemptive rights and equity funds. It is worth noting that the withdrawal of money compared to Saturday has been associated with a significant decrease.
Sunday stock forecast
Tehran Stock Exchange spends days one after the other in despair. Even capital market experts consider the current conditions to be misleading for investment. For example, the decrease in the global rate of urea has had a different effect on the stock of urea producers on the market today. However, it should be noted that in the cycle of market sentiment, the phase before the start of the upward trend is the phase of traders’ disappointment.
The issue of block transactions of Iran Khodro was an excuse for the shares of Iranian automobile manufacturers to face some positive suffering in the market.
The stock market is currently reacting to the smallest negative news and is taking the path of further decline. However, in the second half of the market, the block transactions of Iran Khodro, whose seller was Vebasadr symbol and whose buyer was Bahman Group, completely changed the market atmosphere.
The ratio of P to S had reached the range of 1.7 at the beginning of November, when the market started an upward trend and formed a floor swing. Assuming the stock price in the last week of August 1402, with the arrival of the summer report, the ratio of P to S will reach the range of 1.85.
This rate is lower than its historical average. This is the light at the end of the tunnel for shareholders. Barring a negative shock, the end of the market crash is near.
However, it may take more time to return. In the meantime, the value of transactions may remain in the stagnation range for a long time, which will prevent the growth of the market and the return of the ratio of P to S to above 2 units.
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