Stock market forecast for the second week of November (infographic) – Tejaratnews

The stock market passed the first week of November when traders witnessed the decline of indices and most shares lost a large part of their value. At the same time, the withdrawal of real money from the market intensified and the average volume and value of retail transactions hit a recession level. In this way, the eighth month of the year did not start well for the residents of the capital market! But is the market going to follow the same path in the coming week or will it have green days ahead?

According to Tejarat News, the stock market ended the first week of November with a 1.06 percent drop in the total index. At the end of this week, the equal weight index recorded a drop of 0.91 percent. This week, more than 1,400 billion Tomans worth of real money was withdrawn from the market, and the volume of retail transactions reached an average of 5.9 billion shares with a value of 3,600 billion Tomans.

This was the outcome of stock market trading in the first week of November, which again left traders disappointed about the future of investment. But is the Tehran Stock Exchange supposed to have a downward trend in the second week of November? Which industry groups can benefit their shareholders? Capital market experts have answered these questions in Tejaratnews weekly survey.

The highest and lowest returns of stock market symbols in the first week of November

A look at the transactions of the first week of November indicates that the shares of Sodid Industrial Group (Vasdid) finally returned to the market after several days and registered a strong rise. In a way, the price increased by more than 46% in one day, and finally, it showed a weekly return of 36% on the board.

Sefar and Sedasht were two other symbols, which grew by 27% and 22% respectively this week and took the second and third place with the highest returns of the week. On the other hand, Zepars and Dabur recorded the worst weekly performance among their competitors with a decrease of 15% and reached the levels of 3729 and 1385, respectively. Also, Kimia, Fazrin and Teksha each had a 14% price reduction, and the other low-yielding stocks were in the first week of November.

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