Today’s Market Analysis / Strong buying sentiment in the last days of the year – Tejaratnews
According to Tejarat News, it seems that Tehran Stock Exchange intends to surprise economic activists in the last days of the year.
Today, the total index of the stock market rose by 84,770 units and stood above the height of 1,905,000 units. The last time was 30 July 2019 when the total level index was 1.9 million units.
The equal-weighted total index behaved in line with the total index and reached the level of 575 thousand 478 units with an increase of 3.8 percent.
Today, the value of retail transactions with a significant and significant increase compared to the previous days has recorded the number of 12,100 billion tomans, of which 6,700 billion tomans belong to the stock exchange, 2,400 billion tomans belong to over-the-counter exchanges, and 3,100 billion tomans belong to stock funds.
Explosive growth of the capital market; Exciting or powerful support?
The growth of nearly 85,000 points in the capital market, while the balance of real money entering and leaving the capital market was 993 billion tomans, shows the positive sentiment ruling the capital market in the last days of 1401.
As mentioned, last Wednesday was the deadline for registration of money withdrawal from brokers. This issue took a lot of pressure from the market. The same pressure that was applied to the market in the previous days of March, according to the annual tradition, through the sale of salaries to finance the salaries and bonuses at the end of the year.
It seems that with this atmosphere and momentum in the stock market, the ceiling of 99 will be attacked during the holiday of Eid 1402, and after almost 2 years and 8 months, we will see the return of the total index to its historical ceiling.
Of course, it goes without saying that many shares are still far from their historical ceiling. Shares that many of them will not have a special bubble in the current situation if they reach the price ceiling.
The highest and lowest productivity of industries
At the end of today’s trading flow of the capital market, other telecommunication, textile and paper products groups gave the highest returns to their shareholders with 8.6%, 8.59% and 6.61% respectively.
On the other hand, nowadays there are less industries with negative returns; Other mines and printing industry were the only industries of Tehran Stock Exchange that got negative returns.
Inflow and outflow of money by industries
In the middle of the green market today, after the stock funds with 677 billion tomans, the commodity group accounted for the largest amount of 166 billion tomans.
Also, on the other hand, fixed income funds experienced the largest outflow of money among industries with 476 billion tomans. The withdrawal of money from fixed income funds indicates that buyers are becoming aggressive.
With the statistics and figures recorded in the market today, it can be said with confidence that the growth of 84,000 units of the market during Saturday’s trading is a growth supported by the value of the transactions.
Read more market analysis reports on the stock market news page.