According to Tejarat News, the stock market trading started in the middle of the week with the supply pressure. According to the prediction of the stock market from the eyes of experts, these sellers made the market map red. Further, the news of the announcement of new car prices changed the market atmosphere. At the end of the Monday market, the main thermometer of the glass hall decreased by a small drop of 0.05%, equivalent to 977 points from the height of this index, to the level of two million and 122 thousand points.
On the other hand, the equal weight index, which shows the same effect of small and medium stocks, had a more favorable situation and reached a height of 715 thousand units with a growth of 0.11%.
Tehran Stock Exchange in the mirror of statistics
The board of the Tehran Stock Exchange shows the mid-week trading volume of 6.5 billion shares and the value of retail transactions (shares, preemptive rights and mutual funds) at 3,969 billion tomans.
Experts believe that the more the trading volume reaches higher levels in the current ranges of the total index, the brighter the vision of the new wave of the total index will be drawn in the minds of the shareholders.
The value of transactions, another factor for evaluating the stock market situation, continued its downward trend this week. Experts believe that stabilizing this index above seven thousand billion tomans is necessary for the continuation of the positive trend of the stock market.
Checking the statistics of the ownership of real persons on Monday indicates that real people’s capital came from the stock market. The index of capital inflows and outflows at the end of Monday’s stock exchange reports the outflow of 103 billion tomans to stocks, preemptive rights and mutual funds. However, the outflow of real money during the last three trading days has experienced a decreasing trend, which can be considered as a sign of increasing hope for the Tehran Stock Exchange.
Automakers in the role of stock market leader
During Monday’s transactions, Sepehr Dadjovi Tavakli, Director General of Public Relations of the Competition Council stated: Car price review meetings are reviewed by the Competition Council on a weekly basis. He also added: the new prices of the cars will be announced soon. Experts believe that the car pricing model and then how to change it for small shareholders is unclear. From these aspects, this issue is against the transparency of the stock market and shareholder rights.
However, the news of the possible increase in the price of the car caused the market atmosphere to suddenly return in favor of the shareholders. It was said earlier that the glass hall is currently in the in situ phase. Pumping another positive news in the direction of the market trend will reduce the doubt in the view of the shareholders.
Is there a temporary agreement on the way?
The comments of the senior negotiators of the Islamic Republic of Iran regarding the negotiations convey signs of increasing the possibility of a temporary agreement to the stock market. Ali Bagheri said in an interview: I don’t see any obstacle to resuming negotiations and finalizing the agreement. Also, the spokesperson of the Ministry of Foreign Affairs stated: the path of dialogue is not closed and communication channels and exchange of messages with intermediaries are still available.
With the positive diplomatic atmosphere, some believe that in the short term, with the possible drop in the price of the dollar, the stock market indicators will take the path of reduction. This statement is true based on experience; However, the stagnant atmosphere in the parallel markets may lead capital to the stock market. In addition, any agreement and reduction of political and economic tension between Iran and other countries means creating peace and stability for the growth of investment, production, trade and the approval of the economic base, and will ultimately lead to stable profit of the capital market. Considering this scenario, on the condition of increasing the volume and value of transactions, we can expect the growth of stock market indices until the end of the year.
Stock forecast for Tuesday
It is expected that the positive atmosphere caused by the increase in the official price of cars by the Competition Council will increase the demand pressure from the beginning of the market on Tuesday. On the other hand, the willingness of shareholders to sell their shares decreases. Accordingly, in line with the prediction of the Tuesday stock market, it is possible to imagine that the market map will turn green.
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