Stock market forecast on February 5, 2011 / Will the capital market return to the upward trend? – Tejarat News
According to Tejarat News, at the end of trading on Tuesday, the main index of the Glass Hall fell by seven thousand and 892 points, which is equivalent to 0.48% of this index. The equal-weight total index also behaved against the total index and reached the level of 522,994 units with an increase of 0.06 percent.
It should be noted that the Tehran Stock Exchange board shows today’s trading volume at 12.15 billion and the value of trading at 6.336 billion tomans.
Capital market trends on Tuesday
On Tuesday, the trading process of the stock market was such that the total index was negative and the weighted index was slightly positive. The market appeared weak during the day’s trading.
The value of small transactions had a significant drop and was recorded at around 6,336 billion tomans, and while the total index was negative by half a percent, the total index was positive by one tenth of a percent, witnessing a divergence between the behavior of small-medium stocks and We were big shares.
What is the main reason for the fluctuating performance of the total index?
After 9 consecutive weeks of erosive decline, the Tehran Stock Exchange finally started to rise in November of this year. This upward trend managed to raise the capital market by 445,000 units in a short period of time.
Now it seems that the upward trend has faced a problem and this issue has raised the concern of shareholders and capital market activists. The issue discussed between the three important institutions of the Competition Council, the Stock Exchange Organization and the Ministry of Economy is the supply of automobiles in the commodity exchange.
Saeed Shakrami, a capital market expert, said in a conversation with Tejarat News: The main reason for this incident was the publication of conflicting news about the automobile industry, which led to the decline of trading conditions. In practice, the issue of car supply in the commodity exchange has become a serious challenge for the market, and contradictory discussions are frequently raised about this issue, which has affected the overall transactions.
He continued: “Unfortunately, the Tehran Stock Exchange is suffering from the hasty and contradictory behavior of the country’s economic pillars and policymakers.” On the other hand, the reaction of capital market activists to these news is emotional and they show a serious and emotional reaction to the smallest news.
Shakrami added: Considering these conditions, the market, which was expected to behave more wisely, unfortunately experienced a movement with high fluctuations during today’s transactions.
Tomorrow’s stock market forecast
This expert stated: It is expected that according to the latest words of the Minister of Economy and also the opinions of the senior managers of the stock exchange, the supply of cars in the commodity exchange will continue with changes and with the removal of the existing uncertainties, the path of each industry will be differentiated and once again the behavior It is more logical to see the transaction process.
In the end, Shakrami said: It is worth mentioning that the reforms of the last two days of the market seemed necessary to continue the upward trend. Nevertheless, Wednesday’s transactions will be better than Tuesday’s, and the possibility of continued market price correction and liquidity withdrawal from the market is underestimated.
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