The forecast of the stock market on Tuesday June 23, 1402/$, which direction will the stock market take?

According to Tejarat News, the equilibrium phase of the stock market during Sunday trading this week was the only calm day between the storm these days. It seems that the nightmare of the fourth week of June continues for the residents of the capital market.

During Monday’s trading in Tehran Stock Exchange, the total index showed that it still considers the American bill as the most important factor in the country’s economy. The strengthening of the value of the country’s currency against the dollar has caused the stock market to implement a decreasing rhythm step by step with Ferdowsi square transactions.

For this reason, despite the revival of hope in the hearts of shareholders with the relative balance of transactions on Sunday, the total index decreased by another 62 thousand 806 units, equivalent to 2.84%, during Monday’s trading, and this caused the powerful channel to increase. 2.2 million units will be lost. At _finally The main display of the glass hall ended its work at the level of two million and 145 thousand units.

Also, the equal weight index behaved in line with the total index and returned to the level of 729 thousand 746 units with a drop of 2.52 percent. The drop in the equal-weight total index, in line with the total index, shows that the decrease in the exchange rate does not distinguish between small and large stocks and will lead to a decrease in the overall value of the market.

Tehran Stock Exchange under the microscope of statistics and figures

The board of the Tehran Stock Exchange shows the volume of Monday’s transactions at 15 billion 800 million and the value of transactions at 9 thousand 442 billion tomans.

Some market participants believe that due to the existence of another initial offering in the rest of the week, part of the selling pressure was due to the need for liquidity to participate in the initial offering. Although this factor includes a very small volume compared to the main transactions and cannot alone cause the market to fall.

On the other hand, the investigation of 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 the stock exchange reports the outflow of 1,161 billion tomans from the stock exchange.

Stock forecast for Tuesday

Tehran Stock Exchange has been called “commodity oriented” for a long time. The reason for such a nickname becomes clearer when we know that more than 60 to 70 percent of the stock market is made up of commodity-oriented industries. Therefore, the declining trend of the stock market can be interpreted in this way by referring to the dependence of the market on the global prices of commodities and also the exchange rate.
Currently, investors are looking at Ferdowsi Square transactions. A further decrease in the exchange rate directly affects the capital market, even if the valuation of companies is calculated with the dollar price much lower than the current price. In such cases, one should not forget the factor of emotions and market sentiment. Although it should be noted that in the last hours of Ferdowsi’s trading on Monday, the dollar price returned to the channel of 48 thousand tomans.

Another factor that the stock market is suffering from these days is the inappropriate and sometimes very negative performance of some individual stocks affecting the market. The tragic story of Iran Khodro, which happened last week, and the amount of 38 thousand billion tomans, which was identified as the company’s income in previous reports, turned into a loss of the company due to a negative response from the government.

On the other hand, there is a weak report of Zob Symbol. After a lot of maneuvering in the past weeks on the good quarterly and annual reports of the companies, the market participants expected a decent and even extraordinary performance from the stocks, and with the release of weak reports from the companies, the market will face a negative reaction.

It was mentioned in the previous report that the range of 2 million 140 to 2 million 150 thousand units is an important support for the capital market. With the decrease of the total index in the course of trading on Monday, the current index has reached the same range. It is expected that we will see an increase in the flow of demand and a decrease in sales pressure in the stock market on Tuesday. Although, in any case, we are talking about a powerful and early return of the stock market, and for this, time is needed and floor construction in the support ranges.