Why did the stock market turn green today? / Quarterly reports on the stock market growth factor?
According to Tejarat News, the total stock index is in the middle of today’s market with a growth of about 2,500 units in the channel of 1,313,000 units. The volume of transactions is about 1100 billion tomans. Khodro, Shebandar, Foolad and Shepna have recorded the most positive impact and the most negative impact on the overall index so far.
Salman Nasirzadeh, a stock market expert, said: “The index above 3,000 units is positive.” The total index is close to the support range of 1.3 million units, but the volume and value of transactions is still low.
He continued: “Gradually, quarterly reports are published and each symbol reacts based on the reports.” For example, Isfahan Steel published its 9-month report and due to the increase in cost prices and the growth of the purchase rate of imported coal and coke, as expected, it reported a weak report and faced a sales queue.
Possibility of petrochemical growth?
Nasirzadeh continued: “On the other hand, refinery groups such as Shebander and Shepna have the most positive impact on the overall index.” This group was in a better position in the fall than in the summer, and the average exchange rate of the Nimai also has a positive effect on these symbols. The market expects positive reports from this group, and due to the growth of oil prices, the situation of this group is positive today.
The stock market expert said: in the automotive group, symbols such as Khodro and Saipa are in good condition and are traded at maximum price levels. Fluctuations and Borjami optimism are influential on this group.
He pointed out: “At the moment, there is no special mobility in the petrochemical group, which may be affected by the exchange rate.” Because in the groups that are affected by the exchange rate, there is no special mobility in general. Expect good reports from this group. The market as a whole has not changed much in terms of market volume and value, but single symbols have shown some movement, according to reports.
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