Stock market forecast for the fourth week of May (infographic) – Tejaratnews

The stock market ended the third week of May while the total index experienced a 9.4% drop and the weighted index experienced a 10.7% drop. Meanwhile, some symbols saw a 30% correction. But what process will the market go through in the fourth week of May?

According to Tejarat News, the third week of Dardi Behesht month ended on a path full of ups and downs; In this way, the total index of the stock market decreased by 9.4% to the level of two million and 277 thousand units. In the meantime, the equal weight index drove more rapidly in the downward direction and retreated to the level of 764,000 units with a 10.7% drop.

In a conversation with TejaratNews, experts have predicted the market trend in the fourth week of May.

Fardin Aghabouzuri says about the forecast of the stock market next week: “Because the organizations and stock exchanges did not accept their responsibility in stimulating the supply and putting it in an abnormal situation, it will take time for the market to return to the normal process.”

It should be noted that the amount of correction of some shares reached 25-30% in the third week of May. This downward trend intensified the concerns about the repetition of the events of 1999.

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