Stock market forecast for Tuesday, Mehr 4, 1402 / What are the challenges facing traders? – Tejarat News
According to Tejarat News, the stock market experienced a severe recession last week, and two indicators of the stock market, namely, the value and volume of transactions, were at low levels. Now, after passing through Saturday, which was in the middle of holidays, on Monday, the people of the stock market witnessed a noticeable increase in the volume and value of transactions. This has made the shareholders hopeful about the change in the market atmosphere by the end of the week.
However, the withdrawal of real capital from the market has intensified, which has happened due to the withdrawal of cement and steel from the commodity exchange. According to what was said in the previous report, if the necessary conditions for the return of the stock market to the upward trend are met, the market will show a high growth potential.
One of the constant obstacles in front of the market, but the discussions revolved around the products from the commodity exchange. In the past, the market was challenged by the withdrawal of the country’s high-volume cars from the commodity exchange in February last year, and currently, the plans that indicate the withdrawal of cement and steel under the repeated excuse of high prices have stopped the growth of the market.
Returning to the remittance system in the supply of cement and steel, in addition to being a backward step, is the main demand of rentiers to secure their interests. As experts in the field of housing say, cement and steel do not have a significant impact on the cost of housing.
On the other hand, in the past months, banks have stopped lending so that resources can be allocated to the national housing movement. Therefore, we can conclude that cement is not an obstacle to the national housing movement, and the removal of this product from the commodity exchange is the wrong address of the authorities.
The performance of the glass hall displays
At the end of trading on Monday, the main thermometer of the glass hall decreased by 0.82 percent, equivalent to 17 thousand and 331 units from the height of this index, to the level of two million and 101 thousand units.
The decrease in the height of the main indicator of the glass hall happened while the equal weight index, which indicates the general price trend of all listed companies, registered a parallel performance and remained at a height of 716 thousand units with a decrease of 5,192 units.
The total OTC index, which reflects the general level of the stock prices of the companies present in the OTC, dropped by 0.69% at the level of 26,066 points, so that this statistical measure, like other market indicators, ended the day on a positive note.
Tehran Stock Exchange in the mirror of statistics
The board of the Tehran Stock Exchange showed the value of small transactions (shares, preemptive rights and mutual funds) on the middle day of the week at 4,405 billion tomans. The value of transactions recorded an increase compared to Saturday’s level. Although the middle channel of four thousand billion tomans is still not enough to increase the dynamics of the market, however, this increase in the value of transactions can be taken as a good omen.
Experts believe that stabilizing this index above seven thousand billion tomans is necessary for the continuation of the positive trend of the stock market. The board of the Tehran Stock Exchange shows the volume of transactions on the middle trading day of the week at 8 billion shares.
Experts believe that the more the trading volume reaches higher levels in the current ranges of the total index, the clearer the vision of the new wave of the total index will be drawn in the minds of the shareholders. Because the entry of fresh shareholders will make the way up more smooth.
Checking the ownership statistics of real people on Monday indicates the exit of real capital from the stock market. The index of capital inflows and outflows at the end of the stock market on Saturday reports the outflow of 714 billion tomans from shares, preemptive rights and mutual funds.
Stock forecast for Tuesday
Considering the challenge of cement and steel leaving the stock market, the people of the market will wait for the results of the meetings and discussions between the ministries to determine the outcome. It is clear that as long as the stock exchanges are suspended, the process of capital withdrawal from the stock market will continue and the stock market will have a process similar to what it experienced during Monday’s trading.
But if the results of the meetings are positive and the vote is issued in favor of cement and steel, we have to wait for the green color to return to the trading board of the stock exchange.
Read more reports on the capital market page.