The end of the stock market today, August 29, 1402 / Capital market on the path of decline? – Tejarat News
According to Tejarat News, Iran’s stock market is in pure uncertainty these days, and even capital market experts consider the current conditions misleading for investment. For example, the decrease in the global rate of urea has had a different effect on the stock of urea producers on the market today.
Considering the greater sensitivity of the profitability of Shiraz and Khorasan to the world price of urea, naturally, the price of these two shares should decrease more than the two shares of Shepdis and Kermasha. But today’s urea market was not like this; So that Shepdis and Kermasha had more negative fluctuations in the stock market today than the other two urea producers.
On the side of cars, however, the story was more logical. Because last day, at the annual meeting of Iran Khodro, the issue of the entry of the car into the stock market and as a result the removal of mandatory pricing was once again raised. This was an excuse for the shares of Iranian car manufacturers to face some positive suffering in the market.
Currently, hasty decisions, such as reducing the fluctuation range, have the most important effect on the uncertainty of the stock market. Decisions that are only for trial and error and as if no one knows the reason for the current state of the market. This caused the people of the stock market to be in the most passive state possible and no one came to invest in the stock market. So that on this day, the value of small transactions reached its lowest level since 26 February 1401.
Today’s stock market at a glance
Stock market transactions closed today in such a way that the total index moved in the direction of the previous day. So that the main index of the glass hall faced a drop of three thousand and 479 units, which is equivalent to 0.18% of this index. Based on this, the total index stood at the level of one million and 954 thousand units at the end of today’s trading.
The balance index also moved with the total index command. In this way, the index of small and medium-sized companies of the market could not increase its height and reached the level of 673 thousand 585 units with a decrease of 0.51 percent.
It should be noted that the Tehran Stock Exchange board shows today’s trading volume of 6.5 billion shares and the value of retail transactions (shares, preemptive rights and mutual funds) is 3.674 billion tomans.
Entry and exit of real money
Investigating the ownership statistics of real people today indicates the withdrawal of real people’s capital from the stock market. The capital inflow and outflow index at the end of today’s stock exchange reports the outflow of 366 billion tomans from shares, preemptive rights and equity funds.
The highest value of retail transactions
During today’s trading, the three shares of Webmelet, Khodro, and Khagstar have recorded the highest trading value, and the shares of Day, Shasta, and Webmelet have recorded the highest volume of transactions, respectively. Also, the share of Fars also got the highest market value.
Debalk gained the highest yield of the day with an increase of 6.94%. On the other hand, Netrin recorded the worst performance with a 6.95% drop in today’s market.
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