Stock market forecast for Sunday 25 July 1402 / decline in demand in the stock market – Tejaratnews

According to Tejarat News, Tehran Stock Exchange started the third week of July with a backward step. Last week, the main indicator of the glass hall collapsed by nearly 6%. This factor made the experts believe that the market will take a little rest after the heavy supply.

At the beginning of today’s market, buyers with great doubts finally started buying and caused the index to grow up to 6 thousand units higher than the height of last Wednesday. In the future, however, the continued downward trend of the market is fueled by demand. Because of this, the negative suffering of a large number of stocks was evident in Saturday’s trading.

From a technical point of view, the index tried its best to stay above the level of 61.8% of the Fibonacci expansion drawn on the last downward and corrective wave, but the sellers did not allow this growth to stabilize and the market was again below this support level.

The stock exchange transactions on Saturday also took place while the total index continued on its way with last week’s order. So that the main index of the glass hall faced a drop of 513 units, which is equivalent to 0.02% of this index. In this way, the total index stood at the level of two million and 70 thousand units at the end of trading.

At the moment, it should be said, the total index only has the level of two million and 48 thousand units obtained from the Fibonacci correction as support. Of course, the stock market showed that it does not react much to its support levels in the past week, and it is not unlikely that it will reach the bottom of the two million channel this week.

Of course, the promising point of the current situation is the quarterly reports of companies. If the listed companies perform well in the first quarter of this year, we can hope for the return of the market.

But the equal weight index behaved against the direction of the total index on the first day of the week. So that it reached the level of 728 thousand and 12 units with a slight growth of 0.45%.

Tehran Stock Exchange under the microscope of statistics and figures

The board of the Tehran Stock Exchange shows the volume of transactions on Saturday at eight billion shares and the value of transactions of shares, preemptive rights and mutual funds at four thousand and 963 billion tomans. The current figures of the stock market make the current situation more frightening; Because if the value of transactions does not grow, the current conditions will continue.

Investigating the ownership statistics of real people 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 on the first day of the week reports the outflow of 303 billion tomans from shares, preemptive rights and mutual funds.

The condition of stopping the downward trend of the capital market

The stock market has entered a correction phase in the last two months. Recession accompanied by this correction process has made it more difficult for shareholders to bear it. When there is momentum in trading, the correction will take a much shorter time than what is currently happening. Currently, what is evident in the stock market is the accompanying quantitative and temporal correction in the course of the recent correction process.

However, regardless of all the short-term excitement in the market, until there is positive and acceptable news regarding large and influential industries, including petroleum refining groups, basic metals and automobile industries, in relation to reducing the risks and hazards that It threatens the profitability of these industries, if it is not published, the return of the index to its previous upward trend is out of mind.

Sunday stock forecast

The process of trading on Saturday started with the appearance of buyers, then until the end of the market, the suppliers took over the transactions. Considering that the total index has also lost its mentioned support, it is expected that Sunday’s market will be another balanced and negative day for Tehran Stock Exchange.

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