The stock market is in a coma / how far will the downward trend of the index continue?

According to Tejarat News, Tehran Stock Exchange continued the downward trend of the total index that started yesterday due to the continuation of the ambiguous situation of Iran’s nuclear case.

The total index of the Tehran Stock Exchange today, like the previous day, was accompanied by a big drop. Today, Sunday, August 30, Tehran Stock Exchange registered a drop of 1,401 units and 8,920 units for the total index. At the end of today’s trading, the figure of 1,429,000 units was fixed for the total index. The equal weight index also dropped by 888 units to the range of 396,000 units and lost its hope of climbing to the channel of 400,000 units.

Value trades, still disappointing

Today, like the last 6 days, the stock market witnessed the outflow of real money. In such a way that real people removed about 300 billion Tomans from the trading cycle at the end of the market. The value of retail transactions in the market is still disappointing. The value of today’s transactions recorded a drop of 100 billion tomans, reaching 2,600 billion tomans. Therefore, it seems that the value of the transactions, which is one of the most important factors indicating the change in the direction of the market movement, does not predict a good situation for the future of the overall index.

The return of red steel

Today, the stock exchange was once again the host of Foulad Mubarake Isfahan, and “Foulad” resumed its trading in the last hour of the market. The steel symbol, which was suspended yesterday due to the investigation report of the Parliament, returned to trading in the last minutes of the market. But this return was not pleasant for the market and this symbol had the biggest negative impact on the overall index trend with a negative impact of 1964 units.

Fars, Kechad, Kegel, Wamid, Fakhuz, and Mo’aden are among the other symbols influencing the heavy drop of the stock market today.