Stock market forecast Wednesday March 24, 1401 / Will the demand spring be released? – Tejarat News
According to Tejarat News, the trading of the stock market on Tuesday took place while the total index of the stock exchange took a step in the direction of the previous day; Accordingly, the main index of the glass hall faced an increase of 1,363 units, which is equivalent to 0.1% of this index, and ended its work at a height of 1,782,000 units.
The equal-weighted total index behaved in line with the total index and reached the level of 541 thousand 35 units with an increase of 0.1 percent. It should be mentioned that the board of Tehran Stock Exchange shows the volume of transactions on Tuesday at 11.820 billion and the value of transactions at 5.554 billion tomans.
Wednesday stock forecast
During the past months, we witnessed the upward trend of the capital market, the most important factor of which is the increase in the price of the dollar; In this way, the backwardness of the stock market compared to other parallel markets caused the strong dollar factor to move the stock market upward.
Generally, from the second decade of March every year, the credit settlement of brokerages and companies that offer shares in the stock market to finance the salaries and rewards of their members begins. This approach creates selling pressure in the Shahid market, which we have seen this year as well, and has caused the main indicator of the glass hall to be placed on the red side of its fluctuation range in the first three days of the week.
This pressure has caused the spring of the demand side to gather, and because of this, experts believe that after the Tuesday market, when we finally saw the positive fluctuation of the total index, the capital market will return to its upward cycle on Wednesday, and this trend will continue in the last days of the year and Also, the first week of the new year will continue.
Stock market concerns in the coming year
The biggest risk that may plague the capital market in the coming year is the increase in interest rates and the real interest rate of bonds. Currently, the yield rate of Gam bonds has reached 34%, and the central bank’s contractionary monetary policies are also continuing.
It cannot be denied that this issue puts a lot of pressure on the capital market; Despite the opportunities of the capital market and the backwardness of this market compared to inflation and parallel markets, experts do not expect extraordinary returns from the Tehran Stock Exchange in the coming year.
Strengths of the stock market in 1402
On the other hand, something important has happened to the stock market, and there is practically no news of Farzin’s 28,500 toman dollar anymore, and companies are selling their dollars at a higher rate in the currency and gold exchange market.
Also, there are discussions to reduce the gas feed rate from the amount that was included in the budget bill, i.e. seven thousand tomans; This can have a positive effect on the cost of products and increase the profits of companies.
Another positive issue related to the capital market is the growing trend of increasing the value of investment fund transactions. Fortunately, people are becoming more familiar with this market tool, which usually records higher returns than the index, and at the same time, it has little risk.
Also, the agreement that was made between Iran and Saudi Arabia in the past days has revived the hope of revitalizing the JCPOA. We can hope that finally with the revival of the JCPOA agreement, we will see a further reduction of systematic risks.
By reducing systematic risks, the government’s pressure on industries to cover the budget deficit will decrease, and as a result, by removing the government’s hand in favor of public companies, the capital market will have a chance to breathe more freely.
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