Stock market forecast for the first week of February
The total index of Tehran Stock Exchange increased by more than three percent in the past week.
In the last week of December, the overall index of the stock market had a relatively good situation. The total index of the stock market last week was at 1,625,000 units and this week it reached 1,689,000 units and recorded a growth of 3.7% in its record.
This week, the equal weight index experienced a growth of 4.2% and reached the range of 526,000 units. The total OTC index reached the level of 21,507 points and achieved a growth of 2.3%. The growth of the market indices is while the Tehran Stock Exchange was closed on Sunday this week due to the lack of gas and cold weather.
For 17 consecutive months, that is, since August last year, we witnessed a continuous withdrawal of money from the trade flow. However, this outgoing trend stopped in January and we witnessed a net purchase of 2955 billion tomans by small shareholders in this market. Since the beginning of the downward trend of the stock market, only two months of net buying by real shareholders were positive. The most interesting thing is that this figure (net of December purchases by small shareholders) is considered the largest capital inflow since the market crash in August 2019.