Weekly stock market return/ effect of dollar butterfly on stock market transactions – Tejaratnews
According to Tejarat News, the drop of the dollar below the channel of 50 thousand tomans on the 17th of June caused a heavy drop in the stock market on the 20th of June. So that the total index decreased by 3.21% on the first trading day of this week following the fall of the dollar.
During the past week, the stock market, like other parallel markets, had its eye on the dollar, to the extent that with every positive news related to the JCPOA, the price of the dollar decreased, and after that, the stock market indicators also turned negative.
In the rest of the week, however, the dollar approached the channel of 50 thousand tomans and this caused the relative increase of the total index.
In general, we can say that as long as the growth and decline of the capital market depends on the behavior of the dollar, the movements of the stock market will continue to be nominal and the value of listed companies will not increase in real terms.
In general, the capital market transactions during this week show that the total index reached two million and 182 thousand units with a drop of 4.65% from two million and 288 thousand units.
The equal weight index also behaved in the same way and reached 741 thousand 364 units with a drop of 4.54% from the height of 776 thousand 646 units.
Volume and value of transactions
Investigating this week’s capital market transactions shows that the value of small transactions continues to record low figures. So that on Saturday, 11.7 billion shares were exchanged, and the transaction value was 7.626 billion tomans. The same thing happened on Sunday with the transaction of 11.7 billion shares worth 6.925 billion tomans.
On Monday, however, the stock market had a strange performance and 15 billion and 800 million shares were traded. This caused a relative increase in the value of transactions and the number of 9 thousand 442 billion Tomans was recorded.
It should be noted that on Tuesday and Wednesday, when the market was positive, we saw 10 billion 900 million and 11 billion 500 million shares change hands. The value of retail transactions in these two days was 6,393 and 6,986 billion tomans.
In total, on average, during this week, the stock market traded 12.320 billion shares daily, and witnessed the daily trading value of 7.474 billion tomans.
Money in and out
The performance of transfer of real and legal ownership was also interesting. Because in total, in the fourth week of June, 2,941 billion Tomans (nearly three Hemats) were withdrawn from the stock market, which is considered a bad performance for the capital market. Because on Saturday, 2 thousand 104 billion Tomans of money were withdrawn from the market at the same time as the total index decreased.
On Sunday and Monday, respectively, the ownership of 146,161 billion Tomans shares changed from real to legal. But in the last two days of the week, with the growth of the index, 211 and 259 billion tomans of real money entered the stock market, respectively.
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