Stock market forecast for the last week of February / New challenge for the capital market

According to Tejarat News, the total stock index fell 1.13 percent last week. The total OTC index also increased from 17 thousand 661 units to 17 thousand 581 units and decreased by 0.45%.

The total homogeneous index also increased from 333,019 units to 326,250 units and experienced a decrease of 2.03 percent.

In this week, respectively, 350 billion Tomans on Saturday, 1,470 billion Tomans on Sunday, 430 billion Tomans on Monday, 50 billion Tomans on Tuesday and 315 billion Tomans on Wednesday left the market.

Also, this week we saw the outflow of two thousand and 532 billion tomans, in the previous working week, this figure was 940 billion tomans.

Will stock trading be balanced?

“Next week’s stock trading is likely to be better than this week,” Borzoo Haghshenas, a financial markets expert, told Tejarat News.

“Better days are ahead, but one should not expect strong positives and trades will be balanced,” he explains.

The financial markets expert adds: a floor is formed in the shares that had a lot of losses. Until we reach this floor, we are witnessing fluctuations and trading volumes.

The expert emphasizes: In small stocks that have experienced a large decline, price fluctuations are formed to be ready to move upwards. Of course, this upward movement should not be considered a trend. But we will see a positive movement of some stocks by the end of the year.

“The stock market is very attractive in terms of price,” he explains. The only concern is the outflow of real money from the market.

“Given that March is the month of credit clearing, this can be a challenge for the capital market,” he said.