Stock market forecast on Saturday, May 30, 1402 / The main drivers of the capital market on the way up

According to Tejarat News, the capital market experienced a positive trend on the last day of the week and was able to experience an increase of about 20 thousand points.

At the end of trading on Wednesday, the 27th of May, the total index of the stock market reached a height of two million and 321 thousand units after growing by 19,969 units. Also, the equal weight index behaved in line with the total index and reached the level of 765 thousand 187 units with a growth of 1.7 percent.

The stock market through the lens of statistics

The board of the Tehran Stock Exchange shows the volume of Wednesday’s transactions at 16 billion 960 million and the value of small transactions at 10 thousand 210 billion tomans. The low value of stock market transactions shows the public’s hesitation to enter the stock market. It is important to pay attention to this point because the stock market needs to increase the value of small transactions and the entry of real big money in order to grow again.

Investigating the ownership statistics of real people indicates the entry of real capital into the stock market. The index of capital inflow and outflow at the end of the stock market on Wednesday, reports that 414 billion tomans worth of money has entered the stock market. This minimal trust of real people in the stock market can help the stock market to return to the upward cycle.

Tehran Stock Exchange is on a steady upward trend

The Tehran Stock Exchange has provided good returns to the shareholders during an upward trend since November last year. Last week, however, the sharp correction that happened in the capital market shocked all the people of the capital market. This negative shock occurred while most shareholders were expecting a correction due to the continuous growth of stocks.

With last week’s correction, stock prices are in attractive ranges for investors. But this data by itself is not enough to return the capital market to a stable upward trend. In order for the Tehran Stock Exchange to be on a stable upward track, there is a need for several upward drivers.

Publications of companies’ twelve-month reports can play an important role in reaching this goal. In the coming days, the reports of the companies will be published on the Kodal system, and it is expected that the profitability of the companies will have increased with the increase in production and sales rates.

The second driver that can be expected to support the upward trend of the capital market will be the exchange rate. Considering that nothing special has happened in the political field and the international diplomatic atmosphere between Iran and America and the European Union countries, inflationary expectations have not decreased. Therefore, it seems that starting in June, we will witness the upward trend of the dollar with the increase in demand.

Saturday stock market forecast

During the correction process last week, the main indicator of the glass hall retreated 318 thousand units from its previous height in only five working days. Experts believe, the negatives of the market do not seem to have a strong seller from here on. On the other hand, there will be strong buyers at lower prices.

Therefore, and what was mentioned as the market drivers, the most likely scenario for predicting the stock market on Saturday and in general on the first of June is the increase in demand in the market at the same time as shares change hands and the entry of new shareholders into the capital market.