Weekly return of the stock market / total index retreat from correction – Tejaratnews
According to Tejarat News, the analysis of the transactions of the fourth week of May shows that the total index increased by 1.94% from the level of two million and 278 thousand units to two million and 321 thousand units.
Of course, the equal weight index did not grow significantly during this week and reached 765 thousand 187 units from the height of 764 thousand 754 units. It should be mentioned that the stock market started its downward trend on Saturday with the withdrawal of about 3.5 Hamats of real money.
The withdrawal of real money caused the shares of these people to be bought by the legal market, and their shares were so-called at the bottom.
News affecting the market trend
In addition to this, news such as two approvals to deposit 500 billion tomans to the capital market stabilization fund, increasing the time for correcting the portfolio of fixed income funds and increasing the credit ratio helped the stock market return to reduce the intense fever of the market on Sunday.
As a result, the total index was able to grow by 71,881 units on Sunday, equivalent to 3.2%, and returned the green color to the stock market map.
Also, in the rest of the week, despite the market being closed on Tuesday, the index continued to grow on Sunday. Although this growth was not as strong as on Sunday, it helped to improve the market situation to some extent.
The value of retail transactions
During the current week’s transactions, the value of stock market micro transactions was 12 thousand 274 billion tomans on average daily. So that the value of small transactions of the stock market on Saturday was 11 thousand 929 billion tomans, Sunday 14 thousand 737 billion tomans, Monday 12 thousand 223 billion tomans and on Wednesday 10 thousand 210 billion tomans.
It should be noted that the stock market needs to increase the value of transactions to stabilize its upward trend. Because the value of this week’s stock market transactions was relatively low.
Entry and exit of real money
The stock market transactions experienced a different situation in the last week of May due to the reversal of the index from the correction. Because after the withdrawal of 3,456 billion tomans of real money from the stock market on Saturday, the stock market could not compensate for this amount of money withdrawal during this week.
In this way, after the withdrawal of 3,456 billion tomans on Saturday, the stock market witnessed the entry of 1,56 billion tomans of real money on Sunday. Then, on Monday and Wednesday, 232 billion and 414 billion tomans of real money entered the Tehran Stock Exchange, respectively. In total, the stock market witnessed the outflow of 1,754 billion tomans of real money during this week.
In the end, it can be said that the stock market needs the continuation of real money and the increase in the value of transactions in order to announce the end of the reform. It should be mentioned that the positive trend of this week’s market gives a more hopeful view to next week’s transactions.