Will the stock market fall? / The growth of project-oriented shares – Tejaratnews

According to Tejarat News, Tehran Stock Exchange continued its downward trend today, Tuesday, 29 September 1401, and was in the red for the fourth day in a row. At the end of today’s trading, the total stock market index dropped by more than 6,760 units. In this way, the index stood at the level of one million and 367 thousand units with this decrease of 0.5%.

Parallel to this drop, the total equal weight index also decreased and decreased by 2,302 units, equivalent to 0.6%. Therefore, at the end of today’s stock exchange, the equal weight index reached 397,910 units.

Tomorrow’s stock market forecast

Hossein Meridsadat, a capital market expert, said in a conversation with TejaratNews: “All the portfolio managers have a share in the project, and on the other hand, all the real people who have big money in the market have taken their money in a special symbol and sector.”

He continued: All the shares that were in the buying queue today and had a market cap below one thousand billion tomans will be projected. Most of the shares that have a market cap of less than one thousand billion tomans and low float are projected by special people.

This capital market expert explained: The value of capital market transactions is worrying. The market is on a support zone, how long is the bearish trend going to last? Considering the value of transactions, it is not far-fetched to fall more than the index. In the range of support, that is, when the market is valuable and there are no buyers, we should expect the index to fall. If the market has no buyers at the floor, it will lose the support range with a news.

He explained: Most of the big symbols of the market have algorithms and do not allow them to go below a set price. There is no money in the stock market and the market is doomed to lose support. The results of the transactions in the last few weeks have been negative and this factor causes the shareholders to leave the stock market.