stock market forecast for the last week of July (infographic)

According to Tejarat News, in the last week, the total stock market index dropped by 0.8% and reached the level of 1,490,000 units. The total equal weight index also reached the level of 407 thousand 12 units with a decrease of 2.7 percent. On the other hand, the total OTC index experienced a decrease of 1.6%.

In this week, there were industries such as wood products, followed by oil products, which had 2.5 and 2.3 percent returns, respectively. But industries such as paper products with a decrease of 6.7 percent, metal products with a decrease of 5.1 percent, and mass production with a decrease of 5.1 percent experienced the biggest price reductions, respectively.

For the fourth week in a row, real money was withdrawn from the market on all trading days. This week, on Saturday, 350 billion Tomans of real money was withdrawn from the market.

On Monday, the highest figure of this week was recorded and real estates withdrew 750 billion tomans of their liquidity from the stock market. The outflow of liquidity on Tuesday was 400 billion tomans and on Wednesday even though the indices grew, real people sold their shares to legal ones and took more than 200 billion tomans of their money from the market.

Stock sellers appeared strong

This week was the third consecutive week of the stock exchange, in which the power of real buyers was not greater than the power of real sellers in any of its trading days. In the four trading days of this week, on two days, the power of real buyers was between 1 and 0.9. One day the power of real buyers was 0.82 and another day was 0.79.

With this account, the power of real buyers is still less than real sellers, and it is interesting that from May 31 until now, this equation was broken in only 4 trading days and real buyers had more power than real sellers. (Economic News)

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