The return of the stock market in the first week of Mehr / cold reception of the stock market from autumn – Tejaratnews
According to Tejarat News, the transactions of the first week of October were influenced by the speeches of Mehrdad Bazarpash, Minister of Roads and Urban Development. Because Bazarpash blamed the commodity exchange for the high price of housing and admitted: The solution to control the housing market is to withdraw cement and steel from the commodity exchange. This issue greatly inflamed the trading atmosphere of the stock exchange. So that the cement and steel groups were bearish this week and the whole market also followed these two groups.
If this week’s trading of the stock market is examined, it is clear that the total index was positive in only one day out of four trading days and that too it grew by only 250 points. In a way, it can be said that the suppression of this week’s capital market transactions had only one reason, and that was the gossip. Talks that brought uncertainty in the market to its peak. This was while Khandoozi had previously spoken about the government’s avoidance of decisions that bring uncertainty to the capital market.
But now we have to see which direction the capital market will go this week? Experts believe that the direction of the stock market is currently in the hands of the 6-month reports of the listed companies, and the direction of the market depends on them.
Stock market in the first week of October
With the end of the stock market today, the weekly candle assignment of the first week of October was also determined. A look at the weekly chart of the total index shows that the weekly candlestick of the market indicator closed down according to the last three weeks. Review of the transactions of the first week of October shows that the total index reached two million and 97 thousand units from the balance of two million and 121 thousand units with a decrease of 1.1% during the four trading days of this week.
In this four-day path, the equal weight index was with the total index and decreased by 0.44 percent. So that the equal weight index reached 717 thousand 818 units from the level of 721 thousand 800 units this week.
Volume and value of transactions
The strength of transactions in the first week of October is not strong. A closer look at the transactions of the four working days of this week shows that the stock market traded an average of seven billion and 250 million shares per day, and the value of the transactions was 4,151 billion tomans. Finally, it should be said that the result of this week’s market transactions was only one thousand and 46 billion tomans withdrawal of real money from the capital market.
Read more reports on the capital market page.