Tehran Stock Exchange index lost 1.6 million units

According to the report of the stock exchange reporter, the red days are passing while different factors affecting the capital market are sending different signals to the shareholders.

Traders welcomed the last trading day of the week in a situation where yesterday the total index of Tehran Stock Exchange climbed for the second day in a row and entered the channel of 1.6 million units, but this index decreased today and returned to the channel of 1.5 million units.

The overall homogeneous index also had a downward trend today. Of course, the overall homogeneity index was also negative yesterday. The overall stock market index rose to a 20-month high as technical analysts saw the 1.6 million mark as a significant resistance level.

The record of withdrawing money from the stock exchange was broken during the working days of May. This can be a negative sign for the capital market. In the past few days, with the correction of the preferential exchange rate, both dollar and rial shares experienced growth, but during the last two days of trading, small market shares disappeared from the view of shareholders, and this caused the overall stock index to fall.

* Condition for stock market growth in the coming days

Reza Golestani, a capital market expert, in an interview with Fars News Agency’s economic correspondent, said about the stock market trend last week: “The internal trends of the stock market in recent days have been such that doubts have been formed about the upward strength of the index.” Yesterday, despite the growth of the overall index, about 60% of the market symbols were red.

He continued: “Today, we have witnessed two different orientations in the market.” On the one hand, small and medium-sized symbols faced the supply and exit of real money, and on the other hand, large and characteristic symbols are in greater demand and have real money inflows. If the overall index could remain in the new channel, we could hope for an upward trend in the coming days, but with the current situation, the index will decline.

* Mass fall of stock market indices

In trading on Wednesday, the total stock index fell by 11,046 units compared to Tuesday, reaching 1,594,977 units. The return of this negative index was 0.69%.

The total homogeneous index of the stock exchange also returned to the level of 442,623 units with a decrease of 5,186 units. The return of this index was negative 1.16 percent, which is the lowest figure of the week. The total OTC index also decreased by 45 units and was at the level of 21 thousand 643 units.

* Withdrawal of money from the stock exchange for the second day in a row

Today, the net value of the change of legal ownership to the real market was negative again and 330 billion tomans of real money went off the stock exchange, which was the highest figure in May transactions. Capital outflows from the stock market have grown by 44% compared to yesterday. The base metals group had the largest share of real money outflows and the investment group had the largest share of money entering the stock market.

In Wednesday’s trading, the largest outflows of real money went to family stocks (National Iranian Copper Industries Company), mines (Mines and Metals Development Company) and steel (Mobarakeh Steel Company), and symbols of wafer (value-creating investment), management (investment). And the management services of the State Pension Fund), Haghar (transportation of Gohar Trabar Sirjan) had the highest inflow of real money.

* Depreciation of total transactions and micro-transactions of the capital market

Today, the value of total stock market transactions reached 7,891 billion tomans, which shows a decrease of 25% compared to the previous day.

The value of small stock transactions also decreased by 22% compared to the previous working day and reached 5,938 billion tomans. The share of these transactions in the total stock exchange transactions was about 75%.

* Growth of buying queues in the stock market

During today’s trading, about 72% of the capital market shares fell in price and the number of sales queues reached 39 shares. 21% of the stock shares also grew, while 26 shares remained in the buying queue.

At the end of today’s trading, the value of the final sales queues of the market decreased by 72% compared to the previous working day and reached 111 billion Tomans. The value of shopping queues also increased by 178 percent compared to the end of the previous working day and stood at 284 billion tomans.

Today, the symbols of Dedana (Dana Pharmaceutical Company), Management (Investment and Management Services Company of the National Pension Fund) and Shepars (Pars International Products Company) had the highest purchase queue.

Most of the market sales queues at the end of trading belonged to Ghadam (Pars Feed Company), Kodma (Damavand Mining) and Sekard (Kurdistan Cement).

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