Stock market forecast for Tuesday, April 8, 1402 / Buyers who don’t back down! – Tejarat News
According to Tejarat News, Tehran Stock Exchange started its work on Monday morning with selling pressure, but as the trading time passed, it recorded a better performance and the demand pressure in the market as a whole increased.
The total index of the stock exchange, which had decreased to minus 8 thousand units at the beginning of the morning, returned to the positive range and finally reached the level of 2 million and 29 thousand units with a growth of 0.52 percent.
One of the important points of the Dushanbe stock market was the change in the trend of the equal weight index compared to the total index. Today, after several days of retreating compared to the total index, the equal-weighted index was accompanied by more growth than the overall index, and the smaller stocks of the market were in the focus of investors’ attention.
At the end of the trading flow on Monday, the equal weight index registered a growth of 0.97%.
Statistics and figures of Monday transactions
The value of Monday’s retail transactions was 10,700 billion tomans, of which 6,300 billion belonged to the stock market, 2,800 billion tomans belonged to the over-the-counter market, and 1,700 billion tomans belonged to stock funds.
Among the industries, the highest transaction value belonged to the automotive and multi-industry group.
The withdrawal of real money from the stock market, which was flowing at the beginning of the market, changed its direction from the middle of the market, and finally real money injected 191 billion money into the stock market.
The competition between the purchase and sale of genuine goods continued until the end of the market and finally the purchase per capita of real goods was 23.2 million tomans and the sale per capita of real goods was 22.6 million tomans.
Buyers who do not intend to retreat!
The strength of the early-day offers in Monday’s trading had all the signs to turn the trading map red. Buyers who have been in the market since the last week of last year, but did not intend to retreat, and this was shown in the return of the total index.
Examining the movement trend of the indicator during Monday’s trading clearly speaks of the power of buyers in the market.
With the return of the main indicator of the capital market to its historical ceiling, the market has warmed up compared to the ceiling of August 2019. In such days, the market is just looking for an excuse to buy. For example, if a symbol is far from its historical ceiling in the summer of 1999 and has not yet reached it, it will be favored by traders.
Although this method does not seem so professional and is not suitable for investors, but currently the market benefits traders with these relative comparisons.
Stock forecast
The regional events from the beginning of the week until now, and at the same time the lack of strong reactions from the Ferdowsi Square market, show the subsidence of excitement in the supply and demand of American banknotes.
Currently, stability has prevailed in the currency, gold, coin and to some extent housing markets. On the other hand, the approach of the main indicator of the glass hall to its historical ceiling has attracted the attention of economic activists, investors and traders. Accordingly, the capital market is at the top of attention.
Inflow of capital to Tehran Stock Exchange will create a platform for the continuation of the upward trend and the growth of the market as a whole. However, as mentioned in yesterday’s report, the recent candles recorded in the total index chart indicate a decrease in the upward momentum.
In the sense that the total index needs a little rest to continue its trend; Therefore, we can expect a balanced market to predict the stock market on Tuesday. To start the correction, however, you have to wait for a point where the buyers decide to withdraw for a short period of time.
Read more market analysis reports on the stock market news page.