Stock market forecast for Tuesday, June 2, 1402 / Shares change hands in the shadow of traders’ caution
According to Tejarat News, the stock market resumed its upward trend on Monday; Although the growth of the market is not very strong these days, but the review of the transactions on the first day of June shows that the traders have hoped for the resumption of the growth of the stock market.
On Monday, Webmelet alone managed to raise the total index by three thousand points. On this day, 84% of the purchases in Webmelet shares were made by real people, making this symbol the most effective share in the growth of the overall index. Capital market experts predict that this share will be of interest to real traders on Tuesday.
Stock forecast for Tuesday
Although the Tehran Stock Exchange started the month of June with an upward trend, traders are still skeptical about the growth of the market. After the deep correction of the total index in the middle of May, the stock market has not yet been able to regain the strength of the first days of the year and even the first half of May.
In this way, it is expected that traders will trade shares in the precautionary phase on Tuesday. In the meantime, valuable rial stocks such as banks, automobiles, food and pharmaceuticals will be of interest.
At the same time, one cannot ignore dollar stocks; Especially, the price of the dollar has increased in the free market in the past two days, and it can have a psychological effect on the trading process of export-oriented stocks.
Trading process on the first day of June
On the first day of June, about 72% of the shares fluctuated in the positive direction of transactions and formed a generally green market. Based on this, the total index of the stock market increased by 15,805 units. At the end of this day’s events, the total index reached the level of 2.318 thousand units, and this caused the strong channel of 2.3 million to be stabilized.
On Monday, the weighted index behaved in line with the total index and reached the level of 776,853 units with an increase of 1.68%.
The highest transaction value
On Monday, the volume of stock transactions reached 19 billion 700 million and the value of retail transactions reached 15 thousand 579 billion tomans. Although the value of transactions increased by about 50% compared to Sunday, the stock market needs to register a higher value of transactions to continue its rise.
In the course of trading on Monday market, the three shares of Webmelet, Goshan and Khagstar have recorded the highest value of transactions, and the shares of Webmelet, Day and Khodro have recorded the highest volume of transactions. Also, the share of Fars also got the highest market value.
Goshan gained the highest yield of the day with an increase of 35.25%. On the other hand, Saveh recorded the worst performance with a 9.61% drop in today’s market.
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