Tomorrow’s stock market forecast / How long will the market stay red?
According to Tejarat News, the total index of the Tehran Stock Exchange was full of supply today, Tuesday, as it was on Monday. With a drop of more than 968 units, the total index also decreased by about two thousand units. The outflow of real money also reached the range of 300 thousand billion Tomans.
Tehran Stock Exchange ended its work today, Tuesday, the fourth of August 1401, with a drop of 968 points. With a drop of more than 968 units, the total index recorded a figure of 1.438 thousand units. Equal weight index also faced a drop with a decrease of 2,831 units, which stabilized this index in the range of 388,000 units.
The total value of small market transactions today was approximately 2,327 billion tomans. This value shows a decrease of about 9% compared to the previous day. Meanwhile, the average value of small transactions in the four trading days of August reached less than 2,500 billion tomans, which was about 3,000 billion tomans in July and more than 5,000 billion tomans in spring. The current trading trend shows that the recession of the stock market is deepening every day, and in this situation, we cannot hope for the return of the stock market, at least in the short term.
Tomorrow’s stock market forecast
Also, the total index of the stock market is in the channel of one million and 400 thousand units and the equal weight index is also in the range of 388 thousand units. The indices have entered a lower channel since the beginning of the year, and this means more losses for shareholders.
Yesterday was the darkest day of the capital market and more than 500 billion liquidity was withdrawn from the market. Despite this outflow of heavy cash, it is expected that the market will follow a relatively downward trend tomorrow.
Capital market experts and analysts believe that the stock market will remain bearish as long as the authorities intervene in the capital market. As a result, we have to wait for a change in the process and non-interference of officials in the stock market, and until this happens, the stock market will probably remain negative.