The stock market has started the summer with strength. The green trend of the stock market on the second day of summer promises good days for this financial market. Last year, on such days, the index had absorbed its determination to double the current level. But unfortunately, in August of last year, trusts disappeared from the stock market. With the change of government, the hope has been created in the hearts of shareholders that maybe the market can return to its peak days. It remains to be seen how close this view will be to reality. In the following, we will evaluate the trend of Tehran Stock Exchange. Please be with Artan Press.
*** Tehran Stock Exchange weekend report
Yesterday (Wednesday) coincided with the last working day of the Tehran Stock Exchange capital market, it completed its trading process with determination and significant growth. On this day, the index recorded a growth of more than 2.2 percent. Among the 331 trading symbols available in the stock exchange, 64% of the shares, ie 211 shares, were traded in the positive range of the market. In contrast, 31% of the shares in the market, which included a total of 104 shares, ended the week with a negative trend. In this market, 82 symbols (8%) formed a purchase queue worth 633 billion tomans. On the other hand, we witnessed the formation of sales queues in 70 stock exchange symbols (21%) worth 904 billion tomans.
*** Tehran Stock Exchange trend and OTC peak
Experience has shown that OTC also benefits from the power of the whole person. The OTC market also recorded a satisfactory performance at the end of this week. OTC dependence on the overall capital market index is a major scourge. But on positive market days, they will also benefit. The trend of Tehran Stock Exchange after the elections has been accompanied by an increase and growth of value. In the OTC market, the Ifex index recorded a growth of 1.07%. 131 symbols were traded, among which the closing price of 79 shares (60%) was positive and 51 shares (39%) were negative. In this market, 27 symbols (21%) formed a purchase queue worth 90.3 billion Tomans, but 30 symbols (23%) also faced a sales queue worth 394 billion Tomans.
*** Covering the basic market transactions following the trend of Tehran Stock Exchange
Since the results of both OTC and capital markets were positive yesterday, the basic market has also aligned itself with the index of these two markets. Operations in this market took place around 119 symbols. Among these, 30 shares (25%) remained positive and in contrast, we witnessed the trading of 77 shares (65%) in the negative range. In this market, 22 symbols (18%) formed a purchase queue worth 62 billion Tomans and the sales queue in this market was allocated to 67 symbols (56%) with a value of 705 billion Tomans. Continuing the positive trend of the Tehran Stock Exchange will help the basic markets and the energy exchange to flourish.
Toxins such as refining I have been suffering from high losses due to unreasonable and sometimes irrational fluctuations in the last six months. The shareholders of this sector have experienced a lot of losses. In the context that the country’s oil and petrochemical news is considered appropriate, the rights of the shares in the field of energy and the basic market have been violated.
*** Fundamental analysis of the capital market in early summer
Over a two-year period, the index has experienced a very sharp and growing trend, followed by a decline and erosion. Analysis of Tehran Stock Exchange shows that this trend started from the beginning of 1399 and was able to attract a lot of capital by stimulating market excitement and increase the index from 500,000 units to 2 million units within 5 months. This index growth is unprecedented in the history of the Iranian stock market. This growth was very unusual for technical market analysts. Many of the country’s economists warned the people and people who relied on the capital market in its heyday.
There is a principle, and that is that any grammatical action will face a heavy setback. This also happened in the stock market, and we suffered heavy losses for shareholders, especially newcomers to this market. This issue caused a wave of dissatisfaction in the society. Unfortunately, the market was in a red state and leaving the market until the last days before the elections. There is hope that the new government will support the capital market. Of course, the ability of the new government in this regard must be verified.
Technical analysis and trend of Tehran Stock Exchange at the beginning of summer
Technically, the market is currently suffering between the 50 and 61% Fibo bands, and this conflict is unfortunately at the bottom of the band. But the only hopeful point is to strengthen the relative strength of RSI trading, which is above 50, and can strengthen it and, given the recent flooring, can expect to leave the band and send a positive pulse to investors to re-enter liquidity. To send. Of course, if this happens, it is very likely that many capitalists will leave the market when their losses are liquidated and their debts are zero.
This issue will accompany the Tehran Stock Exchange process with many ambiguities and uncertainties. It should be supported by injecting legal market money up to the index limit of 1.5 million units to increase the desire to survive in the capital market.
*** The impact of justice stocks on Stock Exchange
The value of justice stocks is also a market segment in the lucrative days that many of our compatriots observe its value. Yesterday, along with the growth of the stock index, the value of justice stocks also increased for the fifth consecutive day. While the total index of Tehran Stock Exchange recorded 26 thousand units, equivalent to 2.2 percent growth, the stock price of justice also increased by 2.5 percent. The stock price of Justice is more than one million Tomans today
Increased by 560 thousand tomans and approached 22 million and 600 thousand tomans. 60% of the released shares of Justice of one million Tomans are currently worth more than 13 million and 550 thousand Tomans. The stock price of 532 thousand Tomans of justice also increased by more than 300 thousand Tomans and reached more than 12 million Tomans. This is the first time since May 16 that the price of this stock portfolio reaches 12 million Tomans. The value of 60% of released and tradable justice shares reached more than 7 million and 200 thousand tomans.
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