Tomorrow’s stock market prediction/ Why did the capital market turn red today?
According to Tejarat News, the total index of the Tehran Stock Exchange passed one of its darkest days since the beginning of the year. With a drop of more than 24,000 units, the total index also decreased by 9,000 units. The outflow of real money intensified again and reached over 500 billion tomans.
Tehran Stock Exchange ended its work today, Monday, August 3, 1401, with a drop of 24,491 units. The total index, with a drop of more than 24 thousand units, registered a figure of 1.439 thousand units. The equal weight index also faced a drop with a decrease of 8,943 units, stabilizing this index in the range of 391,000 units.
Investigations show that the index reached the beginning of April this year and experienced its third deep fall in 1401.
In today’s transactions, real estates removed more than 580 billion tomans from the market. This outflow of liquidity shows an increase of more than 60% compared to the previous day and the withdrawal of real assets from the market.
Tomorrow’s stock market forecast
Today’s stock market transactions were in the red. The equal weight index also entered a lower channel, and according to experts, it will take time for the equal weight index to return from this range.
The capital market did not react to the increase in inflation. It means that the point-to-point inflation rate is 54%, but the stock market did not react to this increase. On the other hand, the interbank interest rate reached 21%, which the market reacted to.
Experts believe that due to the increase in the interbank interest rate, the stock market transactions are in the red. These topics indicate an increase in systematic risk on the market. With the increase of this risk, the index will have a downward trend.
On the other hand, the concern of the worsening of the global economic recession and the reform of commodities, the uncertain future of the JCPOA, the intensification of the mandatory pricing has dominated the recessionary trend in the stock market.
In general, it is expected that tomorrow’s stock market trading will be largely negative.