Stock market forecast for Sunday March 14, 1401 / Continuation of the waiting phase in the capital market – Tejaratnews
According to Tejarat News, stock market trading on Saturday took place while the total index moved in line with the last trading day of last week; Accordingly, the main index of the glass hall faced a drop of 33 thousand and 536 units, which is equivalent to 1.8 percent of this index. Based on this, the total index stood at the level of 1 million and 788 thousand units at the end of today’s trading.
The equal-weighted total index behaved in line with the total index and reached the level of 532,991 units with a decrease of 0.9%.
Also, the board of the Tehran Stock Exchange shows the volume of today’s transactions at 12.99 billion and the value of transactions at 6.637 billion tomans.
Sunday stock forecast
Tehran Stock Exchange reached its halfway point in March, while the shareholders had started the last month of the year with great hope. At first, we saw the high jumps of the index, which even led to the record of the highest growth of the total index in the course of one trading day in the last twelve years.
Nevertheless, the driving engine of the glass hall calmed down and during the trading session on Saturday, we saw the red color of the board for the second trading day in a row.
Amir Kavian, a capital market expert, said regarding the prediction of the stock market on Sunday: “It seems that the market will have better conditions on Sunday compared to Saturday transactions. Basically, on the days when the market experiences a high volume of supplies, the next day it can recover a bit because the sellers will hold back a little or there will be more buyers in the market.”
This capital market expert continued: “The market is heavily affected by political issues. On the one hand, the discussion of the visit of the Director General of the Atomic Energy Agency and the meeting on March 15, and on the other hand, the policies adopted by the government for the capital market, are political events that affect the Tehran Stock Exchange.
He went on to say: “For example, car price liberalization was supposed to happen first, but the entry of the Competition Council, which even led to the cancellation of the car supply in the commodity exchange, imposes risks on the market, which in the end is a loss for the shareholder.”
Kavian believes: “This example about the automobile industry can be extended to other industries such as steel and petrochemicals.”
Trading conditions at the end of the year
Another reason for the lack of life in the market these days is the approach of the last days of the year, Kavian said in this regard: “Most pension funds and companies need liquidity to provide salaries and bonuses to people, so wherever a queue is formed, take action They offer their shares. This possibility is not available for funds and companies in parallel markets such as housing.
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