Stock market forecast for Monday, October 10, 1402 / Parked money waiting for a strong stimulus – Tejaratnews

According to Tejarat News, the trading of Tehran Stock Exchange started on Sunday while the frustration of the people of the market on the first day of the week had spread to the Sunday market as well. The trading flow of these two days showed that the 6-month reports of the companies are not so capable of moving the wounded market these days.

The performance of the glass hall displays

At the end of trading on Sunday, the main thermometer of the glass hall stopped at the level of two million and 67 thousand with a decrease of 0.83%, equivalent to 17 thousand and 370 units of the height of this index.

The decrease in the height of the main indicator of the glass hall happened while the equal weight index, which indicates the general price trend of all listed companies, registered a parallel performance and reached a height of 710 thousand units with a decrease of 4,862 units.

The total OTC index, which reflects the general level of the stock prices of the companies present in the OTC, stood at the level of 25,781 units with a decrease of 0.88%, equivalent to 229.08 points from the height of this index.

The state of the total index and the weight are not significantly different from each other; Of course, the equal weight index can react sooner and considering the movements of half and half in some single stocks, the increase in demand for medium and small stocks will probably be higher in the second half of October.

Tehran Stock Exchange in the mirror of statistics

The board of the Tehran Stock Exchange showed the value of small transactions (stocks, preemptive rights and mutual funds) on Sunday at 4.889 billion tomans. The value of transactions decreased compared to the level of the previous day. Placing the transaction value in the middle of the channel of four thousand billion tomans is still not enough to increase the market dynamics.

However, the value of small market transactions was acceptable in the first two days of the week. With the increase in demand for single stocks based on revaluation and performance reports, we did not see a uniform market.

The board of Tehran Stock Exchange shows the trading volume of 8.5 billion shares on Sunday. Experts believe that the more the trading volume reaches higher levels in the current ranges of the total index, the clearer the vision of the new wave of the total index will be drawn in the minds of the shareholders. Because the entry of fresh shareholders will make the way up more smooth.

Checking the ownership statistics of real people on Sunday indicates the exit of real capital from the stock market. The index of capital inflows and outflows at the end of Sunday’s stock exchange reports the outflow of 449.9 billion tomans from shares, preemptive rights and mutual funds.

Noticeable changes in the stock market

However, two important changes compared to the first week of Mehr and the last two weeks of September are evident in the market. The first change is related to the volume of transactions; While the overall market is negative, the volume of transactions is experiencing more figures than before. Also, the withdrawal of money from fixed income funds has also increased, which can be a trace of buying stocks and reducing people’s fear as a result of reducing market risks.

The second change is the stream of news related to the revaluation of some companies. According to these news, some symbols like “Zob” have met with more luck.

Experts say that the money taken out of the stock market is generally not taken out of the brokerage account. This means that a large amount of money is parked outside the market and they are waiting for a stimulus to change the conditions and enter the stocks.

Monday stock market forecast

The discussions that took place a few days ago in the meeting of Resalat Bank contain some important messages for the shareholders. One of the managers stated in this meeting that shareholders are our last priority. This is the view of most companies and policy makers in the economic environment of the country, with the difference that this director of Resalat Bank has left aside the compliments and is talking about the essence of the matter outside the envelope. An important message that shareholders and capital market people should take from this issue is to have a strategy in choosing their portfolio symbols.

Shareholders must first know the environment of the company whose shares they are buying. The issue of corporate governance, which must be implemented in companies under the supervision of the Securities and Exchange Organization as a regulator, can be implemented according to the company’s environment.

Currently, considering that the companies have time to release their 6-month performance reports at the end of October, the market will go towards the good performance of the companies. Based on this, experts believe that the market can reach balance by the end of October under the influence of the good report of some companies.

Read more reports on the capital market page.