Stock market forecast Wednesday, April 30, 1402 / Another failure of the supply side in the stock market
to report Tejarat Newsthe capital market experienced a relatively strong positive trend on the fourth day of the week and managed to grow by more than 30 thousand units to conquer the channel of one million and 300 thousand units.
At the end of trading on Tuesday, the 29th of April, the total index of the stock market reached a height of 2.325 thousand units after growing by 36 thousand and 147 units.
The same weight index stood at 756 thousand 664 units with a growth of 16 thousand and 4 units. On Tuesday, the stock market had a very high volume day, which was caused by the release of buying queues in the automotive group.
The stock market through the lens of statistics
It should be mentioned that the board of Tehran Stock Exchange shows the volume of transactions on Tuesday at 29 billion 30 million and the value of transactions at 17 thousand 508 billion tomans.
Investigating the ownership statistics of real people indicates the entry of real capital into the stock market. The index of capital inflows and outflows in the stock exchange on Tuesday reports the entry of 1,319 billion tomans of money into the stock exchange.
Sellers who cannot compete with the flow of demand
In the last minutes of today’s transactions of the Glass Hall, we saw that the supply followed with a steeper slope. The continuation of real people’s money entering the capital market did not allow the market to become negative. An important point that should not be neglected is the continuation of the withdrawal of real capital from fixed income funds.
In the course of the capital market transactions, for the fourth consecutive day, real people withdrew their capital from fixed income funds and injected it into the stock market.
On the other hand, the shareholders are not willing to sell their shares due to the change in the conditions and the almost two-fold growth of the American banknote rate during a short period in the last months of last year. Approaching the assembly season is another factor that has caused the weight of the demand side in the balance of transactions.
Wednesday stock forecast
The Tehran Stock Exchange welcomes the last trading day of the week in a situation where until now, the Glass Hall has given its residents a return of 6.68%.
The sea of symbols that lawyers have been lining up in recent days is a worrying point for Tehran Stock Exchange traders. This incident, along with the investigation on fixed income funds, is interpreted as the market’s desire to start correction, but the petty cash available in the market, as well as the money withdrawn from fixed income funds, do not allow this correction to begin.
In connection with the forecast of the stock market on the last day of the week, experts expect balance and the continuation of the market’s positives, but at a slower pace than the average of the previous four trading days.
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