Stock market forecast for the third week of May (infographic) – Tejaratnews
According to Tejarat News, the total stock market index recorded a return of 6.3 percent in the second week of May. The total index had ended last week at the range of two million and 365 thousand units and reached two million and 514 thousand units at the end of today’s trading.
The important thing here is that the total index this week was able to cross the peak of two million and 500 thousand units. It seems that the stock market is still trending upwards.
As in the previous weeks, the equal weight index also experienced a very good situation and this week it was able to record a return of 8.8% in its portfolio. Accordingly, the equal weight index reached 855 thousand 887 units from the balance of 786 thousand 495 units last week.
The overall index of the over-the-counter market also had an upward week, and the overall index of this market was able to reach the level of 31,966 units this week from the level of 29,743,000 units last week. Finally, the total OTC index experienced a growth of 7.4% in the second week of May.
Stock market forecast next week
Experts have predicted that this week’s transactions will be balanced and upward, and probably the return of transactions will be positive at the end of the week.
Bahman Fallah, an expert in financial markets, told Tejarat News about the forecast of stock market transactions: “Given the price growth of most stocks and the possibility of taking precautionary strategies by legal entities in more supply and real assets in buying less and positive market management, most index makers consider low risk Their availability and liquidity will be welcomed by both real and legal people this week. Also, the holdings of each group, housing and construction, petrochemical and medicine will be welcomed by the shareholders this week.
Ali Asari, a stock market expert, also said in this regard: “There is a possibility of growth due to the influx of liquidity and the increase of real purchasing power in the two industries of automobiles, banks and the relative survival of these two groups.”