Stock market forecast for the second week of August (infographic)

According to Tejarat News, the stock market fell by less than two percent last week, and experts believe that next week’s transactions will be greener than this week’s. Last Wednesday, the total stock market index was at 1,471,000 units, and this week it reached 1,443,000 units. In total, the capital market recorded a drop of 1.9 percent. In the last week, the index trend was negative from all points of view, the equal weight index and the total over-the-counter index dropped by 3.5%.

During the mentioned week, nearly 1,500 billion Tomans of real money was withdrawn from the market. This number was 7,600 billion tomans for the month ending August 5. Since September 2019, the total withdrawal of real money from the market has reached 150 thousand billion tomans, which shows insecurity and uncertainty.

The average value of short transactions of the stock exchange was two thousand and 56 billion tomans, which was a seven percent increase compared to the previous week’s figure of two thousand and 397 billion. The lowest value of retail transactions was on Wednesday, when the value of retail transactions was two thousand and two billion tomans. Also, the highest figure of the week was recorded on Sunday, which reached 2,897 billion tomans.

This week is the sixth consecutive week that real people have been withdrawing their money from the market every day. In a more general view, it can be said that since the beginning of June, the arrival of real money was recorded only in two trading days. Also, real shareholders have been withdrawing their capital from the stock market in the rest of the days.

Read the latest capital market news on Tejarat News Stock Exchange page.