According to Tejarat News, Tehran Stock Exchange surprised the shareholders on the first day of the week. Contrary to the predictions of the stock market, Saturday transactions experienced a high negative volume. On the first day of the week, the main thermometer of the glass hall decreased by 0.99 observation points, equivalent to 21,337 units, to the level of 2,129,000 units.
On the other hand, the equal weight index, which shows the same effect of all stocks, had a parallel display and reached a height of 716 thousand units with a drop of 1.32%.
Tehran Stock Exchange under the microscope of statistics and figures
The board of the Tehran Stock Exchange shows the volume of transactions on the first trading day of the week at 10 billion shares and the value of small transactions (shares, preemptive rights and mutual funds) at 5,620 billion tomans.
Experts believe that the more the trading volume reaches higher levels in the current ranges of the total index, the doubt in the bullish view of the people of the capital market will decrease.
The value of transactions, another factor for evaluating the stock market situation, experienced a noticeable decrease compared to the last trading day of last week. However, the continuation of this index above seven thousand billion tomans is necessary for the continuation of the positive trend of the stock market.
The analysis of the ownership statistics of real people on Saturday indicates the withdrawal of real people’s capital from the stock market. The index of capital inflows and outflows at the end of the Sunday stock exchange reports a heavy outflow of one thousand and two billion tomans from shares, preemptive rights and mutual funds.
The net inflow and outflow of money experienced a significant decrease compared to last week’s transactions. According to experts, this issue is a doubt in the medium-term view of stock market people, which has strengthened the money outflow side.
Sunday stock forecast
Last week, shareholders witnessed a bullish market with positive sentiment. The rotation of the stock market started simultaneously with the correction of the feed rate and continued with the removal of 28 thousand and 500 tomans from the basic price calculations in the commodity exchange. This news definitely leads the profitability and outlook of the companies to the positive side. The huge negative at the beginning of the week revealed the difference in the viewpoints of the activists. Some people believe that the overall trend of the market is still up and bearish micro-waves are normal in the uptrend.
On the other hand, pessimism towards the market still exists in the view of another part of the people of the capital market, and with the arrival of such news and events, they see the market as bearish. The reasoning of such people is that the market naturally needs short-term breaks after temporary growth. Despite these two opposing views, it seems that the stock market has started the process of settling down.
Accordingly, in relation to the prediction of the stock market on Sunday, September 19, it can be said that the drivers of the stock market will quickly move the prices of the symbols towards balance. The fever at the beginning of the week in the transactions of Ferdowsi Square will always show its effect on the transactions of the Glass Hall with a slight delay.
The penetration of the American bill to levels above 50 thousand tomans, the positive news of last week, including the formulation of the feed rate and the stability of this formula until the end of the seventh development program, as well as the support of commodities from the upward trend, are the current drivers of the Tehran Stock Exchange.
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