Stock market prediction on Saturday, October 8, 1402 / The deep roots of recession in the stock market – Tejaratnews
According to Tejarat News, the stock market after its more than 100-day correction since May 17, finally in September with the amendment of the feed rate approval, its formulation and stability until the end of the seventh development program, along with the news of the change in the exchange rate in the calculation of the base price of petrochemical products He got a new life.
Under the influence of the positive sentiment of this news, the total index managed to register an increase of 217,000 points. The index was able to grow by 11% within two weeks and reach the channel of two million and 155 thousand units.
However, the life of this upward rally was limited to these two weeks, and after that the main indicator of the glass hall fell into a heavy recession phase. So that the value and volume of transactions as two indicators for evaluating the flow of transactions were placed at the level of three thousand billion tomans. But what was the reason for the loss of the rising frequency of the market?
A look at parallel markets may give an answer to this question. Where in other assets such as the dollar, which are considered the main driver of the market, stagnation has prevailed. During the last three months, the dollar penetrated the level of 50 thousand tomans three times, but failed to maintain this important psychological level. Decline in transactions of other markets is also clearly visible, and experts consider the decrease in inflationary expectations to be the cause of stagnation in the market.
However, the rapid rally of the stock market in the early months of the year showed that stock exchange symbols are hungry for capital injection, and if the conditions are right, they have a high growth potential as one of the asset classes.
The performance of the glass hall displays
At the end of trading on Wednesday, the main thermometer of the glass hall remained stable at two million and 97 thousand units with a slight growth of 0.01%, equivalent to 249 points from the height of this index.
The stability of the height of the main indicator of the glass hall happened while the equal weight index, which indicates the general price trend of all listed companies, recorded the same performance and increased by 1,240 units to reach a height of 718,000 units.
The total OTC index, which reflects the general level of the stock prices of companies present in the OTC, stood at 26,106 units with an increase of 0.38%.
Tehran Stock Exchange in the mirror of statistics
The board of the Tehran Stock Exchange showed the value of small transactions (stocks, preemptive rights and mutual funds) on Wednesday 4.850 billion tomans. The value of transactions recorded an increase compared to the level of the previous day. However, the middle channel of four thousand billion tomans is still not enough to increase the dynamics of the market.
Experts believe that stabilizing this index above seven thousand billion tomans is necessary for the continuation of the positive trend of the stock market. The board of Tehran Stock Exchange shows the trading volume of 8.6 billion shares on Wednesday.
Experts believe that the more the trading volume reaches higher levels in the current ranges of the total index, the clearer the vision of the new wave of the total index will be drawn in the minds of the shareholders. Because the entry of fresh shareholders will make the way up more smooth.
Checking the ownership statistics of natural persons on Tuesday indicates the departure of real capital from the stock market. The capital inflow and outflow index at the end of Tuesday’s stock exchange reports the outflow of 58.2 billion tomans from shares, preemptive rights and equity funds.
Wednesday stock forecast
According to what has been investigated, it seems unlikely that the heavy recession of the stock market, which has been trapped in it for the past three weeks, will be broken all at once and in the trading of the first day of the week. The change of these conditions requires positive news pumping in market leader industries or the beginning of positive movements of the main driver of the glass hall indicators, i.e. the American banknote.
Therefore, the experts predict that for the flow of transactions on Saturday, a more positive atmosphere will prevail in the market like the transactions on Wednesday compared to last week, the outflow of money will decrease and even become positive, and in the future, some industries will make the map of the stock market green.
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