Stock market forecast for Saturday, August 8/ Will the trading board remain green?
According to Tejarat News, the total stock market index turned green at the end of today’s trading. With this change, will the stock market turn green?
Trading ended today, Wednesday, August 5, while the index had changed color. The index, which had a downward trend since the beginning of the week, at the end of today’s trading, increased by 5,264 units, equivalent to 0.4%. In this way, the index ended the first week of August at the level of one million and 443 units and welcomed the holidays.
The weighted index also moved in the same direction as the total index and recorded a growth of 0.3%. Therefore, the equal weight index settled at the level of 389 thousand and 473 units.
Saturday stock market forecast
Aradpourkar, a capital market expert, said in a conversation with Tejarat News: “For now, the stock market will have balanced downward conditions.” Because in the last week, although we had very good news in the capital market. But the market did not see positive and good news.
The stock market looks at the US interest rate discussions that will be announced tonight. If US interest rates rise by big numbers, there is likely to be a lot of pressure on commodities. This issue makes the behavior of conservative traders down; That is, they prefer to be observers.
The capital market had a heavy fall this week and the total weighted index reached the range of 389,000 units. This drop in the weighted index strengthened the outflow of liquidity. Because many experts and capital market activists believe that the drop in the equal weight index is equal to the withdrawal of liquidity from the glass hall.
According to the various news and the fall of the capital market indices, it seems that the stock market will experience a downward balanced trend in the next week as well. The market will change its course when the trust of the shareholders is gained first and after liquidity is attracted in the market.
Read the latest news regarding the prediction of capital market transactions on the prediction page of Tejaratnews.