Stock market forecast for the last week of April (infographic) – Tejaratnews

According to Tejarat News, the total index reached two million and 137 thousand units last week and reached two million and 179 thousand units at the end of this week and was able to record a return of 1.9 percent.

On the other hand, the equal-weight index of the capital market also experienced a growth of 6.3% by reaching the range of 692 thousand units, and after the over-the-counter returns, it reached 5.8% in this week’s transactions.

From the beginning of last year until today, the highest and best value of small trades has been this week. In just four trading days this week, the value of small transactions reached about 60 thousand billion tomans, which is a very large and important number for the market.

Weekly forecast of the stock market

Experts believe that this week there will be balanced transactions and we will probably see a positive return of the total index at the end of the week.

Shahir Mohammadnia, a capital market expert, told Tejarat News about the forecasting of the stock market trend: “Fundamentally, the components that cause the market to rise are still there; Like the increase in the exchange rate of export products in Nimai currency and the increase in the free dollar, the determination of the feed rate of petrochemicals in the currency of 28 thousand 500 tomans and the increase in the rate of utilities from 80 to 100, as well as the backwardness of the market in the past two years, are still standing.

He continued: From the point of view of the budget, a two percent reduction in the tax of natural persons in production activities, zero tax on the source of the profit distribution of companies to encourage increased investment, as well as exemption from value added tax on goods that are traded in the form of commodity deposit certificates and Also, reasonable feed rates for utilities, petrochemicals, steel industries, etc.

Mohammadnia said: From a technical point of view, the overall index has crossed its historical resistance range and is currently resting and correcting the price. But the moving step is upward, and all technical parameters and indicators testify to the upward trend of the market.

He explained: the volume of transactions is high and the value of small share transactions is still above its short-term average, and we are still witnessing the entry of fresh money into the market.

This capital market expert explained: In my opinion, the negative sufferings of the recent day were mostly done by one-day or several-day oscillators, and the market body is still holding shares and buying shares. Therefore, the outcome of the market next week is expected to be bullish.

The stock market is on the rise

Hossein Meridsadat, an expert on the financial markets regarding the stock market next week, said: “Last week, we saw a more active presence of sellers on the sell side in large stocks, and this is a sign of the seller’s strength in the trading board. The market is definitely on the rise, despite the unfortunate events of 2019.” will bring

He continued: But the small market shares continued to rise last week, and this shows that the player-oriented shares still have buying power.

Meridsadat stressed: The best option for these market days is to allow the market to give reliable support to the market.

This financial market expert emphasized: breaking the historical ceiling of the total index and stabilizing on this range will be the most important mission of the market in the coming week, and this will not be far from the mind with the average value of weekly transactions above 13,000 billion. For the current week, I predict a balanced and upward market centered on the rise in individual stocks.

Bahman Fallah, a capital market expert, also said in the market forecast: Considering the beginning of the meeting season and the high dividend distribution of petrochemical companies and probably sending good 12-month reports, the market will welcome them this week.