Stock market forecast for Sunday, May 31, 1402 / Strengthening sellers in the stock market – Tejaratnews

According to Tejarat News, while the total index of the Tehran Stock Exchange experienced an increase of 91,000 units in three consecutive days last week and gave traders hope of exiting the correction phase, but the result of Saturday’s trading was a drop of 23,000 units, the main indicator of the glass hall.

Along with the declining trend of the stock market trading flow on Saturday, the total bar index fell back from its 2.3 million channel and stood at a height of 2,298,000 units.

On the other hand, the equal weight index of the market behaved in the same direction as the main indicator and with a drop of 4 thousand 112 units, it was in the range of 760 thousand 974 units.

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 19 billion 600 million and the value of small transactions at 12 thousand 235 billion tomans. The low value of small stock market transactions shows the public’s reluctance to enter the stock market.

Investigating the ownership statistics of real people indicates the withdrawal of real people’s capital from the stock market. The index of capital inflow and outflow at the end of the stock market on Saturday reports the outflow of 737 billion tomans from the stock market.

decrease in dollar demand and lack of inputs; Agent to strengthen sellers

The transactions of Ferdowsi Square these days, compared to their peak days in March and April, have significantly decreased. The dollar is in low demand these days due to seasonal conditions. This decrease in demand is due to the fact that the import demand, both officially and unofficially, is at its minimum.

Another reason that can be considered for this is the society’s focus on other markets such as cars. Therefore, considering that the macroeconomic conditions have not changed, it can be concluded that the dollar is currently in a state of rest.

If these conditions, including the budget deficit, international diplomatic relations, as well as people’s inflationary expectations, do not change, the dollar will leave its rest phase in time.

The capital market has always been affected by currency market transactions, and the beginning of the movement of the dollar can be considered as an indicator of the end of the correction process.

On the other hand, yesterday, a letter was published in cyberspace under the title of cement and steel industry power outage. Electricity Distribution Company is going to ration the electricity of steel and cement industries during the months of June to August of this year based on three proposed programs.

The lack of this production input will affect the profitability of the companies and the profits of the companies will change seasonally and monthly. Such factors have caused the stock market to witness the strengthening of the supply side these days.

Sunday stock forecast

Due to the overwhelming dominance of sellers in the second phase of the market on Saturday, it is expected that Sunday’s transactions will also be accompanied by a large flow of demand. In the following, the fundamental factors of the market, which are lagging behind parallel markets and quarterly and annual reports of companies, can take the market out of the phase of excitement towards negative news.

So far, reports from refining companies have shown how effective good corporate reporting can be in generating demand flows. Experts believe that with the publication of the monthly and quarterly reports of the companies, which will continue until the end of June, the P/E of the whole market will be adjusted and move towards single digits again.

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