The end of the stock market today, November 8, 1402 / Identification of buying opportunities in the stock market – Tejaratnews
According to Tejarat News, the price of the dollar today continued its downward trend for the past two days and reached the bottom of the channel of 51 thousand tomans. In this way, the foreign exchange market was able to send the signal of reducing political risks to the stock market and followed the optimism of Tehran Stock Exchange traders.
Meanwhile, due to the fall in stock prices in recent days, many shares have reached the bottom and accordingly, in the shade of relative optimism of traders, 77% of the market symbols were green. Although the value of the market selling queues is still increasing over the buying queues!
In this way, today’s stock market indices went through an increasing trend, however, the hypothesis of indexation is still in play in this market. Because today, despite the growth of more than 20 thousand units of the total index, the value and volume of small transactions remained in the geography of market stagnation! However, some analysts are optimistic that these positives in the market can act as a stimulus for investors to re-enter the stock market.
Performance of indicators
Today, the total index of Tehran Stock Exchange increased by 20 thousand 261 units, equivalent to 1.03 percent, and reached a height of 1 million 981 thousand 572 units. Equal weight index also grew by 11 thousand 112 units and reached 670 thousand 117 units with an increase of 1.69 percent. The total OTC index went up by 279 units today and reached the level of 24,340 units.
Effective symbols
Today, the Tehran Stock Exchange was the scene of the power of the steel symbol, which was able to raise the total index by two thousand and 765 points. After that, another 130 steps contributed to the growth of the total index. The symbols of Shapna, Boali, Khodro, Webmelet and Noori also contributed to the growth of the total index today. Meanwhile, Khagstar, Sesafha, Khodro, Shasta, Sashahed, Fazer and Khasapa were the most traded stock symbols today.
On the other side of the market, today, the symbols of Shegoya, Khavar, Vespehr, Saba, Khadizal, Zagros and El-Kezhet had the most positive impact on the total OTC index. Meanwhile, Nyan, Khavar, Kerman, Avan, Gedna, Bemold and Fezer were the most traded OTC symbols.
Value and volume of retail transactions
Today, the volume of small transactions of shares, preemptive rights and equity funds increased slightly compared to the previous day and reached 6 billion 400 million shares. At the same time, the value of small transactions of stocks, pre-emptive rights and mutual funds also increased, compared to the previous day, at the level of 3,830 billion tomans, which, of course, still indicates stagnation in the market.
It should be noted that today the balance of real money in the stock market became positive and real money entered the market more than 89 billion tomans. Fixed income funds also saw the withdrawal of 189 billion tomans of real money today.
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