Stock market forecast on May 17
To predict the stock market today – Saturday, May 17 – we look at the trend of the stock market in the past days. On Monday, the total stock market index rose for the third day in a row and increased by 6,311 points. The weighted index grew by 3,505 points, and the total over-the-counter index dropped by 19 points.
At the end of Monday’s trading, 285 symbols of price growth and 197 symbols of price reduction, in other words, 59% of the market had a price increase and 41% of the market had a price decrease.
Rising shares
on Monday in Exchange Paksan (Shepaksa), Salmin (Ghosalem) and Siman Shamal (Seshmal) registered the highest price increase. In the over-the-counter market, Maskan Pardis Investment Company (Thepardis), Alborz Balk Pharmaceutical Raw Material Company (Debalk) and Day Insurance Company (Wadi) had the highest price increase.
Bearish shares
In the stock exchange, Nagin Tabas Coal Company (Katbas), Pars Electric Company (Lepars), and Margarine Company (Ghamarg) had the largest price reductions on Monday, and in the transactions OTC Pegah Fars Pasteurized Milk Company (Ghafars), Caspian Caspian Wood Industries Company (Chakhzar) and Urmia Petrochemical Company (Sharum) had the biggest price reductions.
Market supply and demand
The supply and demand of the stock market at the end of Monday’s trading is an efficient signal for predicting the supply and demand of the stock market on Saturday. At the end of trading on Monday, the market closed with excess demand of 790 billion tomans.
At the end of Monday trading, there were 2 symbols in the sell queue and the number of symbols in the buy queue was 75 symbols. Also, on this day, the value of the final sales queues of the market decreased by 58% compared to the previous working day and reached 7.5 billion Tomans. The value of shopping queues also increased by 50% compared to the end of the previous working day and stood at 798 billion Tomans.
Demand shares
On Monday, the symbol of Shabriz (Tabriz Oil Refining Company) was at the top of the market demand table for the second day in a row, with a purchase queue of 375 billion tomans. After Shabriz, Asiatec (Asiatec Data Transfer Company) and Shepaksa (Paksan Company) symbols had the most queues.
Shares in the sales queue
At the end of Monday’s trading, there were 2 sell queue symbols. Energy 1 symbol (Financial Institutions of Energy Exchange) had the largest sales queue, followed by Lepars symbol (Pars Electric Company).
Today’s stock market forecast
In the last week, the index had an increasing trend and increased by more than 10,000 units in three working days of the week. On the last working day of the week, the growth rate of the index increased and the index grew by 6,311 points. Shepna, Rempna, Shabandar, Shetran, Kechad, Femli, Khasapa, Tapiko, Khodro, Boali, Kala, Fakhas and Fars were among the big names of the stock market, which had the greatest increasing effect on the total index.
But the inflow of real money was also positive on Monday and 32 billion tomans of real capital entered the market. On the other hand, at the end of trading on Monday, the value of the buying queues was 790 billion tomans more than the selling queues, and the market was closed with excess demand.
This is despite the fact that according to the solar calendar, Monday was a holiday, but due to the non-sighting of the Eid al-Fitr crescent, it was moved to Tuesday. It was expected that the volume and value of transactions would decrease and the desire to supply in the market would increase, but real money entered the stock market and the growth of the index was higher than the previous days. Refining and automotive symbols were the most traded and were the greenest groups in the stock market.
In the coming days, the market expects the release of financial reports of companies. Gradually, the periodic financial reports of the companies will be published and will affect the stock prices of these companies. In the medium term, as the season of stock market assemblies approaches, the decisions of the assemblies for profit distribution or capital increase will cause price changes. Analysts generally believe that the stock market will continue to rise more or less until the meetings are held, but the market will face adjustments during the meeting season.
