Stock market forecast for Tuesday, June 30, 1402/ Will the stock market return to its track? – Tejarat News
According to Tejarat News, on Monday, the Tehran Stock Exchange moved in a neutral direction. The value of retail transactions could not approach the channel of eight thousand billion tomans and remained at the same level as the previous days of this week.
On this day, the red symbols of the market also registered a heavy negative. The process of market transactions progressed in such a way that in the end more than 480 billion tomans of real money was withdrawn from the market and the cautious side of the market was strengthened. This behavior was especially evident in the influx of real money into fixed income funds.
Volume and value of transactions
On Monday, the stock market witnessed transactions worth 298 thousand 871 billion Tomans. Of this amount, only 7,567 billion tomans were the share of small stock transactions, stock funds and pre-emptive rights.
On this day, the volume of transactions was still low and at the level of 11 billion and 600 million shares.
Real performance
At the end of Monday’s stock market trading, it was revealed that real estate agents withdrew more than 484 billion tomans from the market. This was while fixed income funds witnessed the arrival of 42 billion tomans of real money.
Investment groups, base metals and petroleum products recorded the highest real money inflows on Monday. Meanwhile, the banking group witnessed the withdrawal of 380 billion tomans of real money.
Stock forecast for Tuesday
Based on what was said, it seems that the stock market is a victim of political and economic uncertainties these days. At the same time, the price of the dollar is between the channels of 48 and 49 thousand tomans. In this way, the stock market has been deprived of a strong stimulus to create a trend.
The stock market seems to be able to get back on track if it is boosted by positive news or a rising dollar price. However, experts emphasize that single shares are still suitable for investment.
Read more reports on the stock news page.