Stock market forecast for Wednesday, November 10, 1402 / The stock market is bumpy at the weekend!
According to Tejarat News, at the end of trading on Tuesday, the main thermometer of the glass hall was almost stationary. So that with a small drop of 0.01 percent, equivalent to 210 units of the height of this index, it remained at the level of 1 million and 981 thousand units. The stagnation of the main indicator of the glass hall happened while the equal weight index registered a similar performance but in the opposite direction and remained at the height of 670 thousand units with an insignificant growth of 0.02% (equivalent to 118 units). The over-the-counter index also grew by only 32 points and reached the level of 24,308 points.
Tehran Stock Exchange in the mirror of statistics
The board of the Tehran Stock Exchange showed the value of small transactions (stocks, preemptive rights and mutual funds) of the stock exchange on Tuesday, 3,307 billion tomans. Placing the value of transactions in the channel of three thousand billion tomans is still not enough to move towards the dynamics of the market. In general, until this evaluation index of the Tehran Stock Exchange cannot be stabilized in the ranges higher than five hemats, from the point of view of table reading, it is not possible to draw a clear vision ahead of the stock market.
The board of Tehran Stock Exchange shows the trading volume of 5.8 billion shares on Tuesday. 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 arrival of fresh shareholders makes the way up smoother.
Also, checking the ownership statistics of real people on this day indicates the withdrawal of real people’s capital from the stock market. The capital inflow and outflow index at the end of Tuesday’s trading shows the outflow of 448 billion tomans from shares, preemptive rights and equity funds.
Wednesday stock forecast
After the positive performance of the stock market on Sunday and Monday, those swingers who bought late on Saturday took profit. Therefore, the supply pressure in the Tuesday market was higher than the previous days and did not allow the market to move.
On the other hand, the slowness and disruption in the trading systems of the brokerages raised the voice of the shareholders’ protest. The news about the new positions of the country regarding the inflammations in the West of the Middle East gave a decreasing signal to Ferdowsi Square transactions. As the dark shadow of the war over the capital market fades, we can hope for the entry of money parked outside the market.
However, the fear of holding stocks over the weekend seems to keep the supply pressure high in the market on the last day of the week due to the possibility of unexpected events like what the shareholders have experienced in the past weeks. Therefore, there is a high probability of negative shares in the market on Wednesday.
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