Stock market forecast on Tuesday 11th of February 1401 / Will balance return to the market? – Tejarat News
According to Tejarat News, the stock market transactions on Monday took place while the total index took a step in the direction of the previous day; Accordingly, the main index of the glass hall faced a drop of two thousand and 506 units, which is equivalent to 0.16 percent of this index.
The equal-weighted total index behaved in line with the total index and reached the level of 479,639 units with a decrease of 1.03 percent.
The board of the Tehran Stock Exchange shows the trading volume of 16 billion 200 million shares on Monday and the value of the transactions is 6 thousand 262 billion tomans.
repeating history; This time the supply of cars in the commodity exchange
The division of votes between the Competition Council, the Ministry of Security, the Ministry of Economy and the Stock Exchange Organization has caused the inflammation to reach its peak in recent days.
Hossein Moridsadat, a capital market expert, said in a conversation with Tejarat News: Just like in August 2019, when the disagreement of the institutions over the supply of Ikem Refinement ETF caused a negative shock to enter the market, this time and in Bahman 1401, this happened in relation to the supply of cars in The commodity exchange was repeated. This increased the risks facing the market. Unfortunately, at these prices, the seller is also visible on the board.
The shadow of political and social risks on the capital market
Meridsadat added: On the other hand, the heavy shadow of political risks also weighs on the shoulders of the market. In this connection, Meridsadat added: The events that happened in Isfahan and four other cities also caused the market to decrease more strongly during this week’s transactions. The capital market has shown that it always reacts to this kind of news.
He said: The last working week was not a good week for the capital market. We hoped that the range of 1,570,000 units of the total index would become the point for the market to return, but all these news caused this range to be lost. But currently, we have a range of 1,500,000 units in front of the market, which can be considered the strength of tomorrow’s market.
This expert added: Monday’s trading process was much better than the previous day. Since the beginning of the market, 86% of the entire market was traded in the negative range, at the end of the market, this figure decreased to 54% of the symbols.
Tuesday stock market forecast
Meridsadat said: We hope that for this week, the total index will not have more than this price correction, but it will stop and take a breath. In the range of 1,500,000 to 1,400,000 units, the market will again be in the rising guard with shares changing hands between buyers and sellers.
This expert continued: Let’s not forget that the driver of the market was the free dollar rate and its growth, and today the dollar has registered a price of 45 thousand tomans on the trading board. Although some stocks are definitely over-valued in the sense that they have grown a lot and look expensive.
He added: But on the other hand, there are symbols that seem valuable for shareholders in proportion to the interest they pay in their assemblies in July and August. More than generally there is no reason for the strange pressure of supply on the board.
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