The end of the stock market today, March 2 / start the engine of the stock market fueled by dollars – Tejaratnews
According to Tejarat News, today’s stock market transactions took place while the total index took a step in the direction of the previous day; Accordingly, the main index of the glass hall faced an increase of 65 thousand and 153 units, which is equivalent to 4.1% of this index. Based on this, the total index stood at the level of 1 million 659 thousand units at the end of today’s trading.
The equal-weighted total index behaved in line with the total index and reached the level of 507 thousand 74 units with an increase of 2.8 percent.
It should be mentioned that the board of Tehran Stock Exchange shows today’s trading volume of 19 billion 110 million shares and the value of transactions is 9 thousand 923 billion tomans.
The dependence of the stock market and the dollar
With the end of Farzin’s dollar policy, which was formed on the 8th of January, the stock exchange was able to show its green side to the shareholders once again. Accordingly, the total index grew by 60,000 and 65,000 units on Monday and today, respectively, and once again showed that Iran’s stock market is highly dependent on currency fluctuations.
It is no secret that the removal of 28,500 Toman dollars can have a positive effect on the chemical and metal industries.
Another reason for the two-day growth of the market can be considered the strange increase in the dollar rate and reaching the border of 50 thousand tomans. Of course, it should be noted that the growths affected by the increase in the dollar rate are nominal and inflationary.
Entry and exit of real money
Investigating the ownership statistics of real people indicates the entry of real capital into the stock market. The capital inflow and outflow index at the end of today’s stock exchange reports that 380 billion tomans worth of money has entered the stock exchange.
Suspicious volume
A review of today’s market transactions shows that the following shares had suspicious volume and on average, they were five to six times the average volume of their month. In the table below, M stands for million.
The highest transaction value
During today’s market trading, the three shares of Foolad, Khodro and Shepna have recorded the highest trading value, and the shares of Shasta, Khodro and Khabaman have recorded the highest volume of trading. Also, the share of Fars also got the highest market value.
Vaskab gained the highest yield of the day with an increase of seven percent. On the other hand, Thalvand recorded the worst performance with a 6.95% drop in today’s market.
Enter smart money
The highest net real purchase was also attributed to the shares of Khoro, Fould and Shasta. Also, the shares of Shahdir, Zagros and Hormuz also received smart money during today’s trading. On the other hand, the stock exchange filters show that Parsan, Femak and Hakhazer symbols had smart money withdrawals.
It should be noted that the highest per capita real purchases were made in the shares of Vakado, Samazen and Shoghdir. Also, during today’s transactions, Sabgeno registered the highest demand pressure. On the other hand, the biggest supply pressure was also in Bepas symbol.
Read more reports on the stock news page.