The return of the stock market in the second week of September/ the removal of Nima charged the capital market
According to Tejarat News, the review of this week’s stock market transactions shows the bullish closing of the weekly candle of the total index. So that the total index reached the level of two million and 150 thousand units with an increase of 2.2% from the balance of two million and 104 thousand units.
But the growth of the equal weight index was slightly higher; So that the equal weight index increased by 2.25% last week and reached 726 thousand units from 710 thousand units. It should be noted that this week’s market transactions were mainly influenced by the news of the removal of 28,500 tomans of petrochemicals and refineries. So that from now on it is supposed that the products of these two stock exchange groups will be traded with Hawala currency.
The state of the stock market on Saturday
The stock market started the second week of September relatively low; So that on Saturday neither the buyers had enough power to raise the index nor the sellers took over the market square. In this way, the total index grew by 0.05% on Saturday. Therefore, the total index reached the level of two million and 105 thousand units. The equal weight index also did not have a strong rise on this day; So that with a growth of 0.16%, the level of 711,679 units was recorded on the board.
The trading volume of stocks, preemptive rights and stock funds on this day was 10 billion 200 million shares and the value of these transactions was 6 thousand 86 billion tomans.
The continuation of the overall index side trend on Sunday
On Sunday, the slow growth of the total index continued. So that the main indicator of the capital market reached a height of two million and 111 thousand units on 12 September with a growth of 0.3%. This process was repeated for the index of small market companies as well. So that the equal weight index showed a balance of 713 thousand 654 units with a growth of 0.28 percent.
The volume of shares, pre-emptive rights and stock funds transactions on this day was eight billion shares and the value of these transactions was five thousand and 159 billion tomans.
Goodbye industries with Nima currency
With the start of trading on Monday, the upward trend of the market gradually became stronger; Because with the tweet of the spokesperson of the Zain Post Exchange Organization, petrochemical and refining dollar transactions are calculated with the remittance rate, and this turned on the engine of the upward trend of the stock market. So that at the end of Monday trading, the total index reached a height of two million and 136 thousand units with a growth of 1.16%. Equal weight index also increased by 1.02 percent and recorded 720,902 units.
The volume of shares, preemptive rights and equity funds transactions on this day was 11 billion 100 million shares and the value of these transactions was 6 thousand 976 billion tomans.
Continued growth of the stock market on Tuesday
Trading process on Tuesday was still affected by the removal of Nima currency. So that the total index increased by 0.69% and reached two million and 150 thousand units. The equal weight index behaved in line with the total index and registered a balance of 726 thousand 462 units with a growth of 0.77 percent.
The volume of shares, preemptive rights and mutual funds transactions on this day was 11 billion 100 million shares and the value of transactions was 7 thousand 176 billion Tomans.
Withdrawal of 444 billion tomans of real money
At the same time as the total index fell on the first day of the week, real shareholders also decided to leave the capital market and handed over 575 billion Tomans of their shares to legal entities. The outflow of money during the rest of the week was less intense on Sunday. So that on this day, the number of money withdrawals was about 143 billion tomans.
With the sharp growth of the stock market indices, the outflow of money stopped on Monday and the figure of 354 billion Tomans was injected into the stock market. On Tuesday, however, the capital market again witnessed the outflow of real money. So that on this day, 82 billion Tomans of real shares changed ownership and became available to legal entities. In this way, in the second week of September, a total of 444 billion tomans were withdrawn from the capital market.
Read more reports on the capital market page.