Stock market forecast for Wednesday, June 17, 1402 / Will the volatility continue in the stock market? – Tejarat News
According to Tejarat News, stock market trading ended on Tuesday while the total index was able to increase despite the stock market being closed in the middle two days of the week. Of course, the index has largely attributed this growth to the growth of automobile stocks. Accordingly, the main index of the glass hall with an increase of 9,867 units, which is equivalent to 0.43% of this index, managed to reach a height of 2,289,000 units.
Also, the equal weight index behaved in line with the total index and registered a balance of 776,414 units with a growth of 0.66 percent.
Statistics and figures of the stock market under the microscope
It should be mentioned that the board of Tehran Stock Exchange shows the volume of transactions at 11.8 billion and the value of transactions at 7.761 billion tomans.
It should be noted that the investigation of the ownership statistics of real persons indicates the withdrawal of real capital from the stock market. So that the capital inflow and outflow index at the end of Tuesday’s stock exchange reports the outflow of 215 billion tomans of money to the stock exchange.
Capital market experts agree on the need to increase the value of transactions to return to the upward trend. Some experts believe that if the value of transactions reaches more than 14 thousand billion tomans, we can hope for the end of the correction period.
Wednesday stock forecast
Looking at the trading flow on Tuesday, we find that in the second half of the trading day, the demand flow took over the market again. This is despite the fact that after the positive start of the market, the sellers were able to impose their force on the market to some extent.
Meanwhile, the restrictions imposed by the central bank on the currency and gold markets are not a good sign for the stock market. The central bank’s authority to impose a ban on tomorrow’s exchange of gold and coins is a direct sign of increasing investments in parallel markets.
The lack of trust that flared up again in the capital market after the events of May (sending letter and selling pressure in the market) is evident in the significant decrease in the value of transactions. However, experts believe that if the country’s diplomatic atmosphere becomes peaceful, with the possibility of a fall in the American banknote, Rial industries such as banks and credit institutions, as well as the insurance industry and the food group, have the ability to save the market from the downward trend.
Tuesday’s sharp market volatility is unlikely to be the end of the symbols’ volatile performance. Experts believe that the fight between suppliers and buyers will continue on the last day of the week as well, but considering the fundamental factors of the economy that have not changed much from the previous months when the market was bullish, the return of the stock market to its upward trend is still the most likely scenario facing the people of the capital market. .
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