The support that turned into resistance in the stock exchange / the signal of the head of the stock exchange organization to the shareholders

According to the economic reporter of Fars news agency, the capital market ended the second week of November in the green, so that after weeks of decline, happiness has finally reached the stock market. Of course, the upward trend of the capital market decreased at the end of the week and the concern of the people of the capital market also increased.

With the entry of the National Development Fund to buy shares as a legal company, it can be said that the government and the stock exchange organization have determined to change the course of the stock market in order to revive the stock market. Of course, the outflow of real money, which continued this week, may pose a serious challenge to this issue.

Although some analysts are critical of the interventions of the stock exchange organization, it seems that the policymaker has been able to prevent the market from falling. In fact, the criticism of these analysts is that the effects of policy makers’ decisions are temporary. If these supports are not temporary and not for a number of specific stocks, it can increase the weakened confidence and this issue can also reduce the problems of the stock market to a great extent.

Limiting the supply for legal entities, guaranteeing no loss for real entities who do not sell their portfolios, and injecting liquidity through the market stabilization fund were among the main decisions made by the policy maker this week, which led to market growth.

* The dollar rate can stimulate the growth of the stock market

Vahid Jafari, a capital market expert, in an interview with the economic reporter of Fars news agency, said about the words of the head of the Stock Exchange Organization about the entry of the National Development Fund and the purchase of dollars at the price of 15 thousand tomans. They bought shares in dollars. If the dollar symbols of the capital market grow, we can hope for the growth of the market as a whole.

He continued: From the technical point of view and the analysis of the RSI indicator, it can be said that this indicator has recently left the grip of the downward trend line and has moved away from the range of selling excitement. Of course, the support level of 1,280,000 units to 1,300,000 units, which has been a serious support for the index of the entire stock market, has become a resistance and we have to wait and see if this resistance will be broken upwards or not.

This capital market expert emphasized: The increase in the price of the dollar, which has occurred slowly over the past few days, can be another good news for the capital market and can be a good stimulus for a market that is lagging behind other competitors.

* Integrated growth of stock exchange performance indicators

At the end of trading on Wednesday, the total index of the stock market increased by 3 thousand 84 points compared to the previous working day and reached 1 million 283 thousand 540 points. The efficiency of this positive index was 24 percent.

The total homogenous index stood at the level of 365,750 units with a growth of 689 units. The efficiency of this index has been positive by 19 percent. In addition, the total index of the foreign exchange increased by 1.7 points and reached the level of 17 thousand 386 points.

* Increasing the total value of capital market transactions

Today, the total value of stock market transactions increased to 18 thousand and 80 billion Tomans. The value of debt securities transactions in the secondary market was 12,555 billion tomans, which constitutes 69% of the total value of capital market transactions.

The value of small stock transactions decreased by 11% compared to the previous working day and reached 2,369 billion tomans. The share of these transactions was 13% of the total stock market transactions.

* Growth of withdrawal of real money from the stock market

In the total of Wednesday’s transactions, the net value of the change of legal ownership to real market was negative for the 24th consecutive day, and 217 billion tomans of real money was withdrawn from the stock exchange, which has grown by 39% compared to the previous day.

The largest outflow of real money was allocated to Foolad (Mubarakeh Steel Company), Shasta (Social Security Investment Company) and Shepna (Isfahan Oil Refining Company) and the symbols of Khabanian (Diesel Foundation), and Bank (National Development Group Investment) and Temharka ( Niromohrakeh Machinery Manufacturing) had the most real money inflows.

* All queues of the capital market gathered?

During today’s trading, 58% of shares increased in price and 42% of symbols experienced a decrease in price. At the end of trading on Wednesday, 62 symbols had a buying queue and 49 symbols were facing a selling queue.

The total value of the purchase queues reached 135 billion Tomans with a 2% drop, and the total value of the sales queues increased by 2% and was 111 billion Tomans.

At the end of today’s trading, the symbols of Rafza (Rayan Hamafza Company), Shekam (Kimagaran Mozroz Chemical Industries Company) and Kahafez (Hafez Tile and Ceramic Company) had the most queues.

At the end of trading on Wednesday, most of the capital market sales queues were collected, and only two symbols Balbar (Kabel Alborz) and Abad (Touristi Verfahi Abadgaran Iran) had sales queues.

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