Stock market forecast March 29, 2014
Scholarships are welcomed on Sunday as the overall stock index fell yesterday after three days. To forecast the stock market today – Sunday, March 29 – we look at the stock market trend yesterday. Yesterday, the total index fell by 5,513 units and the total homogeneous index fell by 798 units. The total OTC index also rose 45 points.
At the end of trading on Saturday, 197 symbols had a price increase and the stock price decreased by 261 symbols, in other words, 40% of the market had a price increase and 53% of the market had a price decrease.
The biggest price increase
On Monday, Azerbaijan (Wazar) Investment Company, Fars Development and Development Company (Thafars) and Magsal Agriculture and Animal Husbandry Company (Zamgsa) recorded the highest price increases on the stock exchange. In OTC, Kharazmi Information Technology Development Company (Mafakher), Ryan Hamvaza Company (Rafza) and Zagros Petrochemical Company (Zagros) had the highest price increases.
The biggest price reduction
In the stock exchange, Drooz symbols (Rooz Daroo Pharmaceutical Company), Dadam (Zagros Pharmed Pars Pharmaceutical Company) and Hekeshti (Shipping Company of the Islamic Republic of Iran) had the highest decrease in market price on Saturday. The development of maritime and port services of Sina (Hosseina) and Isfahan Ghayam Agro-Livestock Company (Zakyam) had the highest price reductions.
Market supply and demand
At the end of trading on Saturday, the market was closed with a supply surplus of 50 billion tomans. The value of the final sales queues of the market increased by 306% compared to Wednesday and reached 126 billion Tomans. The value of shopping queues also decreased by 55% compared to the end of the previous working day and stood at 75 billion tomans.
Most demands
On Saturday, the symbol of Sadbir (Tadbirgaran Fars Investment Company) topped the market demand table with a buying queue of 14 billion Tomans. After Sadbir, the symbols of Sanosa (Tehran Renovation and Construction Company) and Thafars (Fars Civil and Development Company) had the largest purchase queue.
Most offers
Yesterday, the largest sales queue belonged to the symbol of Ghadasht (Dasht Murghab Company), which had a sales queue of 22 billion Tomans at the end of transactions. After Ghadasht, the symbols of Khodro (Iran Khodro Company) and Vatjarat (Tejarat Bank) had the highest sales queue.
Forecast the stock market today
On Saturday, the stock market had two faces, on the one hand, most of the stock exchanges were in red, and on the other hand, most of the OTC stocks had price growth.
Minerals and chemicals were the greenest symbols of the OTC market. Fazer, Tajli and Koghar were the green of the OTC metal ores mining group and chlorine, Shekam, Zagros, Shajam, Shabsir and Arya were the green-clad symbols of the chemical products group. Zagros, Aria, Fazer, Ghosino, Kazghal, Shabsir and Shajam were also big OTC symbols that had the greatest impact on the growth of the total OTC index.
Yesterday, the value of retail transactions fell by 11% and more than half of the value of stock market transactions was allocated to government bonds. The outflow of real liquidity also increased and the value of the change from real to legal ownership of the market reached 237 billion tomans, which is 4 times more than on Wednesday. Also, the real share of market sales was more than purchases. 87% of market sales were for real traders and 77% of real trading codes from purchases.
Webmelt, Tajli, Bepas, Vapars, Hekeshti, Khobehman, Websadr, Venvin, Vatjarat and Famli had the highest outflow of real money in Saturday’s transactions.
In addition, yesterday, after three consecutive days of trading, the market closed with a supply surplus, and the value of the final sales queues of the market increased 4 times – 306% – compared to Wednesday, and the value of the buying queues at the end of Saturday trading decreased by 55%.
On the other hand, yesterday the news about the deadline of the western side in the Vienna talks was published, which was denied by the Ministry of Foreign Affairs. However, the reaction of the foreign exchange market was a rise in prices. The trend of changes in the price of the dollar rose from the middle of the day and was in the market tomorrow at prices higher than the cash price.
But the limited growth of the dollar does not seem to have a growing impact on the market. Some technical analysts also believe that the fall of the weighted index from the level of 330,000 units was in fact a farewell kiss of the weighted index and has backed off. If this technical analysis is realized, it means the formation of a new downtrend that will last for three to four days. In the medium term, the market will pay attention to the crisis in Ukraine and the Vienna talks.
