Stock market forecast for Sunday 28 June 1402/ Will buyers save the stock market from stagnation?
According to Tejarat News, on Saturday, Tehran Stock Exchange witnessed the registration of transactions worth 7,800 billion Tomans in the section of stock transactions, mutual funds and pre-emptive rights. The volume of transactions was slightly more than 13 billion shares. This trading trend in the stock market does not seem very promising and has been identified as a recession in the market.
However, a look at the balance of real money on Saturday, as well as the value of the market’s buying and selling ranks at the end of this day’s trading, shows other signs of the market’s path ahead.
The movement of the stock market towards the main rail
On Saturday, although the growth of the total index was very small and the value of retail transactions was not very high, the real money balance was positive at 260 billion tomans. Meanwhile, at the end of the day’s trading, the value of the buying queue was 1,104 billion tomans, while the value of the selling queue was only 346 billion tomans.
Based on this, it can be expected that with the injection of positive news from the political environment and the relative stability of the dollar price, the excitement will leave the stock market and the stock market will return to its track.
Signs of exiting excitement from the trading space
Also, a look at the price fluctuation of the symbols during the buying and selling process on Saturday shows that most of the symbols were traded in the fluctuation range of negative 3 to positive 3, which shows that the power of excitement in the market has decreased and traders have turned to more rational transactions.
Based on what was said, the market is susceptible to rational growth; Especially since many stocks have burst out of the bubble. Meanwhile, the stock market seems to recharge with the release of monthly and quarterly reports. Especially in some groups such as banks, good reports are expected.
However, what is clear is the lack of growth of the market in the coming days, which is good news for the market. In such a situation, some single shares will also be attractive for investment.
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