Stock market prediction, Tuesday, November 2, 1402 / The first-tier defendants of the sorkhfami stock exchange
According to Tejarat News, the beginning of November was accompanied by the retreat of the stock indicators of Glass Hall, and the case was closed in the last days of October with the color and smell of balance. The popularity of nearly 75% of the stock market map was the result of trading on the first day of November this year.
At the same time that the news transmitted from the West of the Middle East, including the postponement of Israel’s ground attack on Gaza, fueled the reduction of inflammation, the stock market indices faced a drop in height today. But what was the reason for this?
On Monday morning, it was announced that the Competition Council had been retained in the car pricing debate. Meanwhile, the automobile working group of the National Competition Center had voted for the supervisory role of the Competition Council and excluded this body from direct decision-making in the issue of car pricing. Now it has become clear that the car mafia does not intend to withdraw from the astronomical profits of this market so easily.
Just as the market had a positive reaction to the news of the removal of the Competition Council from the executive department of car pricing, it reacted negatively in the middle of the week by maintaining this body in policies related to car pricing.
The negative atmosphere of the automobile group, which gradually spread to other stock market groups, is not limited to this negative news. The reports published on the Kodal system about the performance of the country’s two car manufacturing giants, Iran Khodro and Saipa, report that the losses of these two companies have increased. Iran Khodro reported a loss of 74 Tomans per share, and on the other hand, Sapia Construction reported a loss of 37 Tomans per share. The shadow of the loss of the country’s two largest car manufacturers weighed heavily on the market, and over time even groups such as bulk manufacturers and banks, which had registered Sabzefami’s uniform plan on Sunday, were on the negative side of the swing range.
The performance of the glass hall displays
At the end of trading on Monday, the main thermometer of the glass hall with a drop of 0.51%, equivalent to 10 thousand and 317 units from the height of this index, was at the level of two million and 21 thousand units.
The decrease in the height of the main indicator of the glass hall happened while the equal-weighted index, which shows the general price trend of small and medium-sized companies, recorded a parallel but more intense performance, with a drop of 0.62%, equivalent to four thousand and 247 units, at a height of 685 A thousand units were placed.
The total OTC index, which reflects the general level of the stock prices of the companies in the OTC, but with a drop of 0.66 percent, equivalent to 164 points from the height of this index, lost its channel of 25,000 points and was in the range of 24,866 points.
Tehran Stock Exchange in the mirror of statistics
The board of the Tehran Stock Exchange showed the value of small transactions (shares, preemptive rights and mutual funds) of the stock exchange on the middle day of the week, 3,843 billion tomans. Placing the value of transactions in the channel of three thousand billion tomans is still not enough to move towards the dynamics of the market. In general, until this evaluation index of the Tehran Stock Exchange cannot be stabilized in the ranges higher than five hemats, from the point of view of table reading, it is not possible to draw a clear perspective for the stock market.
The board of Tehran Stock Exchange shows the trading volume of 5.9 billion shares on Monday. 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. Because the arrival of fresh shareholders makes the way up smoother.
The purchasing power in the market on Wednesday recorded a negative figure of 1.21, which indicates that the sellers are more powerful in the market. Also, checking the ownership statistics of real people on this day indicates the withdrawal of real people’s capital from the stock market. The index of capital inflow and outflow at the end of the stock market on the middle of the week reports the outflow of 377 billion tomans from shares, preemptive rights and mutual funds.
Stock forecast for Tuesday
In evaluating the conditions of this stage of the stock market, experts said that if the military tensions in the Middle East calm down, with a strong stimulus in the market, the way to return to the upward path will be paved. The path taken from the middle of October until now showed that the reports of the companies cannot be placed as the driving engine of the market, but in some groups, such as the mass production industry and banking, favorable levels of demand were created.
However, the effect of the reports that inform about the increase in the losses of the companies can quickly make real capital flee from the stock market; Just like what happened on Monday at the automakers. Therefore, the 6-month performance of companies is very important. Experts believe that after the excitement of the negative news of the automobile group that spread to other industries as well, we will gradually see transactions return to the equilibrium point in the Tuesday market and create demand for some individual stocks with positive 6-month performance.
Read more reports on the capital market page.