Stock market forecast for the third week of November (infographic) – Tejaratnews
According to Tejarat News, the trading in the second week of November was such that the total index of the stock market recorded a negative weekly average of 1.58% and lost the support level of two million units. The equal weight index was not in a better situation and reached the level of 660 thousand units from the height of 676 thousand units at the beginning of the week with a decrease of 2.44%.
This was despite the fact that the average daily trading volume this week was 6.820 billion shares, which was worth 3.764 billion tomans and showed that the stock market is still in the vortex of stagnation. The trading process in the second week of November finally led to the withdrawal of 2,616 billion real money from the stock market.
The current condition of the stock market has disappointed even the professional and loyal investors of this market. The emotional sales are still going on and with the publication of a political news, regardless of its importance for the stock market and its connection with investing in this market, everyone becomes a seller and seeks to identify an exit opportunity. However, market analysts believe that listed companies have reached an important level of value and are ready to be added to investors’ portfolios.
Capital market experts have predicted the direction of the Tehran Stock Exchange in the third week of November and introduced the industries of interest in Tejarat News’ weekly survey.
Performance of market symbols in the second week of November
Stock market trading in the second week of November ended while the portfolios of many shareholders shrank. But in the meantime, some shares had a good rise. For example, the shares of Iran Credit Investment Company (Vat Credit) grew by more than 22% in five working days and reached the price of 545 Tomans.
Plask and Sebahan also had an increase of 16 and 14 percent, respectively, and reached the levels of 780 and 11,905 tomans. Among the other high-yielding shares of the capital market this week, we can mention Akhaber and Sadbir, which grew by about 12%.
On the other hand, there were more low-yield shares in the second week of November. Because this week the total index decreased by about two percent and this issue has been a mirror for the performance of the stock market. Therefore, Zangan experienced the biggest drop this week with a 20% drop and reached 7290 Tomans.
It should be mentioned that the four shares of Topkish, Sazari, Lakma and Selar also had a 14% decrease in price during this week. The above table shows the EPS, P/E and other information of the shares.
Read more reports on the capital market page.