Stock market forecast for Wednesday, July 28, 1402/ Will the stock market go from the carpet to the throne? – Tejarat News

According to Tejarat News, during Tuesday trading of Tehran Stock Exchange, a 180-degree face change of the market map took place in response to the news of the review of the feed rate increase resolution, the meeting of the Economic Committee of the Majlis and the relative increase in the dollar price.

After the bitterness of the last two months, on Tuesday, the taste of the shareholders was slightly sweetened by the growth of the market; But as the upward trend suddenly disappeared from May 17, the sudden changes of the indicators inject a sign of lack of stability into the market sentiment. Especially, despite the arrival of real money, the value and volume of small transactions have not changed compared to the previous days. Of course, the entry of real money can be attributed to the recognition of the buying opportunity at the price floor.

It should be mentioned that the total index of Tehran Stock Exchange went up by 43 thousand 122 points at the end of trading on Tuesday and stood at a height of 1 million 999 thousand 756 units with a growth of 2.2 percent. Equal weight index also grew by 15 thousand 498 units equal to 2.25% and reached the level of 703 thousand 251 units.

Tehran Stock Exchange under the microscope of statistics and figures

During the stock market trading on Tuesday, the volume of shares, preemptive rights and mutual funds reached 11.3 billion shares, which was a decrease of 500 million shares compared to the previous day. At the same time, the value of retail transactions was at the level of 6,873 billion tomans, which did not change compared to Monday.

However, on Tuesday, 990 billion Tomans of real money entered stocks, pre-emptive rights and stock funds, which showed that the shareholders recognized the opportunity to buy. Fixed income funds also faced the withdrawal of 295 billion tomans of real money on this day.

The growth of the stock market with the value of the market or interference?

After the fall of 1999, the Tehran Stock Exchange was finally able to cross its historic ceiling during the upward trend that started in November last year. During this period, the current prices of the parallel markets are not comparable with the prices in the same markets in the past years. Based on this, the capital market was called the most surviving property market by the consensus of experts and analysts.

After all, the annual and quarterly performance reports of the companies, which were published during the recent meetings, had caused the P/E adjustment of the market. So that this ratio was led to 7.3 units with the recent meetings, which is equal to the average of the last 20 years in the country’s inflationary economy. Therefore, the valuation point can be considered higher than the current levels. However, regardless of the value of the market in the past weeks, the viewers of the glass hall saw lower levels day by day.

The support of the joint investment fund for the development of the capital market was the first sequence of events in the last two or three days. After that, the spokesman of the economic commission of the parliament said: if the government delays in revising the gas feed rate of petrochemicals or even prolongs the process, the parliament will enter into this issue.

Also, on Tuesday, the Minister of Economy and Finance revealed his position towards the market. Khandozi said in a comment: “We don’t see any fundamental reasons for the fall of the stock market.” He also promised to take the recent events of the capital market to the cabinet.

After that, Poura Brahimi took strong positions in the extraordinary session of the Economic Commission of the Parliament regarding the government’s decision to increase the feed rate of petrochemicals. In this meeting, he mentioned the violation of the director of refining and broadcasting in publishing misleading information to the stock market and violating the rights of shareholders and informed about sending this case to the court.

Based on this, it can be concluded that the stock market turned green in response to the change in the conditions of petroleum refineries and the reduction of systematic risk, which previously caused a change in the downward trend. However, the dark shadow of the risk of policymaker intervention in the capital market has not been resolved. In order to achieve stable conditions in the stock market, it is necessary to increase investment security, and dealing with the self-made problem will only be a solution for the stock market.

Wednesday stock forecast

During the downward trend of the last two months, a large amount of money was withdrawn from the stock market. Besides this, a large part of the money withdrawn from stocks was parked in fixed income funds. The presence of liquidity around the market increases the potential for the continuation of Tuesday’s path. Based on this, it is expected that the wave of demand will continue on the last day of the week.