The stock market is on the verge of conquering the historical peak of 1999/ the capital market can be an inflation shock absorber

According to the economic reporter of Fars news agency, the capital market maintained its upward trend on the last day of the first trading week of the new year to end a completely green week.

Today’s stock market was followed by low prosperity at the beginning, but almost from the middle of the market, the wave of demand in the stock market increased, and this demand was tangible in the large stocks of the chemical and multi-disciplinary products group.

With the growth it had today, the stock market was able to reach its historic peak in 1999. Many experts consider the current trend of the stock market to be completely different from the trend of the stock market in August 2019.

Today, among the industries, the highest transaction value belongs to the automotive and chemical products group.

* Shareholders are sure of the growth of the stock market in 1402

Hamid Dastjardi, a capital market expert, in an interview with the economic reporter of Fars news agency, said about the conditions of the stock market in the past week: The capital market can attract good liquidity according to its potential, if the government like last year support this market, it can be a good buffer to curb inflation.

He continued: The trading process of the stock market these days is not at all similar to the market in 1999, and the growth of the stock market in the past week has occurred based on the value of different stocks.

This capital market expert emphasized: the capital market is in a very valuable situation and the price of many shares has fallen sharply compared to 1999 and the peak of the market. This issue has caused shareholders to enter money into the market with ease.

Dastjardi stated: The lag of the stock market from other parallel markets is another reason for shareholders to be sure of the growth of the stock market in the new year.

* Integrated growth of stock exchange performance indicators

On the last trading day of the week, the stock market index continued to grow and increased by 34 thousand 303 points compared to the previous working day, reaching the level of 2 million 78 thousand 712 points. The yield of this index was 1.68 percent. The total weighted index of the stock market stood at 622 thousand 526 points with a growth of 12 thousand 528 points. The efficiency of this index was higher than the total index and reached a positive number of 2.05%.

The total OTC index reached 25 thousand 357 points with a growth of 356 points. The index of the same weight in OTC also had an upward trend and reached the level of 108 thousand 441 units with an increase of 2 thousand 196 units.

* Growth in the total value of capital market transactions

Today, the total value of stock market transactions reached 60 thousand 331 billion tomans. The value of debt securities transactions in the secondary market was 42 thousand 423 billion tomans, which includes 70% of the total value of market transactions on this day.

The value of small transactions also increased by 29% compared to the previous trading day and reached 12,796 billion tomans, which is the highest figure in the last year.

The per capita purchase of real estates in the stock market today reached 27.5 billion tomans and the per capita sale of them was 24.4 million tomans, which also indicates the greater power of buyers in the market as a whole.

* Continuation of capital entering the stock market

On Wednesday, for the third consecutive trading day, the net change of legal ownership was positive in the stock market, and 515 billion Tomans of real money entered the market.

Today, the symbols of Fars (Persian Gulf Petrochemical Industries), Zob (Iron Smelting) and Shabriz (Tabriz Oil Refining) accounted for the most inflow of real money. And they were together.

* 82% price growth of stock exchange symbols

During today’s trading, 578 symbols were bullish and 123 stocks were in the red. In other words, 82% of the symbols of the market were green and 18% faced a price drop.

At the close of trading on Wednesday, 129 symbols had buy queues and all sell queues were collected.

The value of the shopping queues reached 861 billion Tomans, and Nomad and Ghadir (Ghadir Mining Industries International Development Company), Shamli (Meli Keshavarz Chemical Company) and Hamar (Iran Mobile Communications Company) had the largest shopping queues.

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