The end of the stock market today, July 24, 1402/ sharp drop in the value of retail transactions – Tejaratnews
According to Tejarat News, today’s stock market trading did not experience a strong decline, but 6 downward candles of the total index in 6 consecutive days have made it difficult to change the trend.
As mentioned in the previous reports of the stock market, the reason for the current dire state of the capital market is the news of the feed rate increase and the rumors related to the change in the refining rate. It must be said that the reason for the current stock market situation is the government’s lack of attention to small shareholders. Because the government does everything to compensate for its budget deficit and considers the profits of companies to be its share in any way.
This caused the stocks of both small and large companies to decrease sharply in the last 6 trading days. In the meantime, only shareholders who did not have enough information to exit lost. Because the big money of the capital market left the market a long time ago and at the index ceiling on the 17th of May.
Now this issue is raised, at what level is the floor of the total index and how long will the trend of the capital market be downward? It should be said that currently the shares of the companies are not only expensive, but also lag behind the parallel markets such as the dollar. Therefore, the reason for the lack of growth of the fundamental and technical market is only the government’s intervention and the lack of support for the capital market, which has determined the current situation.
Today’s stock market at a glance
Today’s stock market transactions also took place while the general index continued on its way with last week’s order. So that the main index of the glass hall faced a drop of 513 units, which is equivalent to 0.02% of this index. In this way, the total index stood at the level of two million and 70 thousand units at the end of today’s trading.
At the moment, it should be said, the total index only has the level of two million and 48 thousand units obtained from the Fibonacci correction as support. Of course, the stock market showed that it does not react much to its support levels in the past week, and it is not unlikely that we will reach the bottom of the two million channel this week.
Of course, the promising point of the current situation is the quarterly reports of companies. If the listed companies perform well in the first quarter of this year, we can hope for the return of the market.
But the equal weight index behaved against the direction of the total index today. So that it reached the level of 728 thousand and 12 units with a slight growth of 0.45%.
Decrease in the value of transactions
It should be mentioned that the board of Tehran Stock Exchange shows today’s trading volume of 8 billion shares and the value of trading shares, preemptive rights and mutual funds is 4,963 billion Tomans. The current figures of the stock market make the current situation more frightening; Because if the value of transactions does not grow, the current conditions will continue.
Entry and exit of real money
Investigating the ownership statistics of real people 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 303 billion tomans from shares, preemptive rights and equity funds.
The highest transaction value
During today’s market trading, the three shares of Khakmak, Webmelet and Sashahed recorded the highest value of transactions and the shares of Di, Shasta and Khasapa recorded the highest volume of transactions respectively. Also, the share of Fars also got the highest market value.
Wasna gained the highest yield of the day with an increase of 6.99%. On the other hand, Tabagh recorded the worst performance with a drop of 6.99% in today’s market.
Enter smart money
The highest net real purchase was also attributed to Nama, Qasim and Shabandar shares. Also, the shares of Fosbezvar, Ghafars and Qasim also received smart money during today’s trading. On the other hand, stock exchange filters show that Khakmek, Fars and Shepna symbols had smart money withdrawals.
It should be noted that the highest real purchase per capita was in Shadoos, Sasharq and Pakvir shares. Also, during today’s transactions, Febahner registered the highest demand pressure. On the other hand, the highest supply pressure was also in the symbol of Beniro.
Read more reports on the stock news page.