Stock market trend analysis, 17 September 1401|TjaratNews
According to Tejarat News, the total index of the stock market last Wednesday was at 1,439,000 units, and this week it reached 1,412,000 units, recording a smaller drop of 1.88%.
Sara Fallah, a capital market analyst, says: “The stock market this week was very low compared to the previous weeks.” The lack of liquidity is still evident in the market. The main feature of this week’s transactions was the superiority of small and medium industries in the market compared to large industries. Last week, the total index dropped by more than 2%; But the equal weight index did not change significantly.
Referring to the reason for the lack of changes in the equal weight index, this capital market expert states: the lack of liquidity in the stock market cannot affect large stocks. Still, many people did not enter the market due to the vagueness of the political environment and the unclear status of the JCPOA, and they prefer to be observers rather than active in the market.
Fallah continues to explain: The second reason is the global drop in commodity prices and the prospect of stagnation in most of them. Due to the severe contractionary policy of the Federal Reserve, the dollar index has reached its highest level in the last few decades. Due to this issue, the global prices of most commodities will enter the decline phase and a recession will be formed in the entire world economy.
The outlook of the export-oriented industries of the stock market
He continues: As a result of this issue, our large industries, most of which are export-oriented, were damaged, and there is no clear perspective of high sales prices in the report of these companies. The behavior of lawyers is the next big reason. In the same week, we saw the sale and cascading supply of some rights in the large shares, which did not give the opportunity for growth to the large shares.
Fallah explains: The market value of these shares is large and they have high volatility. These shares are not actor-oriented, and in terms of reading the legal board, they are in charge of directing the share. Now, for any logical or illogical reason, they don’t want to raise the price of large shares of the stock market. Current cash flow goes from one industry to another.
He states: This week, paper products were of interest; Because the world price of paper was rising due to the lack of energy in Europe and the cessation of wood and pulp exports by Russia. Some shares of Kashi Group were able to increase their rates.