What is the prediction of the Saturday stock exchange / traders’ strategy in the face of the European resolution?
According to Tejarat News, at the end of trading in the glass hall on Wednesday, the main index managed to increase by 2 thousand 97 points with a growth of 0.12 percent and stand at a height of 1 million 689 thousand 144 points.
On the other side of the market, where the total weighted index is the same representative of all the active trading symbols of the market, by overtaking the main indicator of the glass hall, it repeated the relatively good trading flow and gave more returns to the shareholders of small and medium companies.
At the end of trading on Wednesday, the total weighted index increased by 0.48%. This growth increased the height of this index by 2 thousand 539 units and placed it in the range of 526 thousand 187 units.
Increasing the value of retail transactions
The value of small transactions (shares + preemptive rights) was in the range of 8 thousand 439 billion tomans to continue to follow the value of transactions at a high level in Tehran Stock Exchange.
On the other hand, the volume of transactions, with the registration of 18 billion and 580 million shares, showed that transactions with a high volume are followed in the capital market among the people of the market.
Checking the entry and exit of real money
Investigating the ownership statistics of real people indicates that these people’s capital has entered the stock market. The capital inflow and outflow index reports the inflow of 158 billion tomans from the stock market.
The map of Tehran Stock Exchange at the end of the week’s trading with the presence of 368 green symbols and 253 negative symbols represented the balance between buyers and sellers in the market. The dollar value of Iran’s capital market equaled 281 billion dollars at the end of trading on Wednesday.
Tomorrow’s stock market forecast
Barzo Haqshanas, a capital market expert, said in a conversation with TejaratNews: Currently, the equal weight index has reached its historical peak, which was recorded in 1999. This issue may cause the supply in the market to increase a bit next week.
He added: But on the other hand, we see that the drivers of the market, for example, the exchange rate is still rising, and in a way, the market is compensating for its lag in relation to inflation; Accordingly, at the end of this week, the market will be balanced and may even continue its upward trend.
This expert continued: Another argument in confirming the above scenario is that despite the equal weight index reaching its historical ceiling, there are many symbols that are traded 20-30% below their historical ceiling.
Haqshanas stated: Examining this case has two important points: firstly, these symbols will definitely cross their ceiling in the coming months, and secondly, the issue of the equal weight index, which has already been raised many times, is that the indices that reflect the state of the capital market reflect, they have the objection that there is no match between the totality of the market symbols and the status of the indicators.
The effect of the resolution of the European Parliament
Yesterday, the European Parliament passed a resolution against Iran. However, the question arises for the capital market activists, what effect will the issuance of this resolution by Europe against the Islamic Republic of Iran have on the stock market?
In relation to this issue, Haqshanas said: We have seen historically that the Tehran Stock Exchange has shown a positive reaction in response to resolutions and sanctions. Basically, sanctions and resolutions will increase inflationary expectations because they stimulate the dollar rate.
He added: Therefore, just as the price level increases with the growth of the dollar and inflation, we are likely to see an increase in the stock price level in the Tehran Stock Exchange.
This capital market expert said: As a result, the market trend for the next week will probably be bullish because the market does not have any particular problem. The wave of inflation detection has reached the stock market and this trend will continue. There are only cases of systematic risks that need to be seen. These cases can become serious obstacles to the capital market or not.
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