According to Khabar Online, the total index of the Tehran Stock Exchange returned to the channel of 8 million units with an increase of 170,931 units at the end of today’s trading. This growth took place in a situation where the stock market was under the pressure of supply and falling indices in the past days. The simultaneity of the growth of the total index and the equal weight index also shows that today’s positive movements were not limited to only a few big and index-making symbols.
With this increase, the total index of the stock market reached the level of more than 8 million units. At the same time, the total equal weight index reached 2 million and 259 thousand units with a growth of 310 thousand units. The simultaneous growth of these two indicators indicates the improvement of the trading situation in a wider range of stock exchange symbols; Because the total index is more affected by the performance of large companies, but the equal weight index provides a more general picture of the state of the companies’ stocks.
In the over-the-counter market, transactions followed a positive trend. Total OTC index increased by 949 points and reached the level of 67 thousand 962 points. Aria, Keghar, Maron, Fezer, Shranel, Vampna and Fekor symbols were among the symbols affecting the performance of the total OTC index in today’s transactions.
Has the stock market entered a new uptrend?
The return of the total index to the channel of 8 million units after days of market decline is considered a positive event for shareholders; However, the one-day growth of indices is not enough to draw conclusions about changing the market trend.
The important point of today’s transactions is the simultaneous growth of the total and weighted index; An issue that can indicate the wider demand in the market. However, the continuation of this situation depends on factors such as liquidity entry, reduction of sales pressure, stability of economic variables, currency policies and profitability prospects of companies. Therefore, for a more accurate assessment of the stock market, the behavior of the market in the coming days and the level of demand stability should also be examined.
The total index of the stock exchange exceeded 8 million units
According to Khabar Online, Tehran Stock Exchange started trading in positive range on Saturday, November 16, 1405. The latest trading data at 9:58 shows that the total index and the weighted index are both rising, and the over-the-counter market is also accompanied by the growth of the total index.
The total index of the Tehran Stock Exchange reached 8,37,750 units with an increase of 12,500 units at 9:58. The total equal weight index also increased by 21 thousand 724 units and reached the level of 2 million 250 thousand 518 units.
The market value of Tehran Stock Exchange reached 232 thousand 875 billion units registered in the system. The value of transactions was 148 thousand 544 billion units and the volume of transactions was 17 billion 168 million units.
The exchange also turned green
In the over-the-counter cash market, the total index increased by 771 points and reached 767,784 points. The market value of the first and second over-the-counter markets was 37 thousand 207 billion units and the base market value was 9 thousand 45 billion units.
The value of over-the-counter transactions in this hour reached 89 thousand 59 billion units and the volume of transactions was 5 billion 775 million units. In this way, the total value of stock and over-the-counter transactions exceeded 237 thousand billion units.
Technical analysis of the stock market
From a technical point of view, crossing the total index of 8 million units can be a positive sign for the continuation of transactions. However, it is very important to stabilize the index above this range. Equally weighted index, growing more than the total index, indicates the association of smaller symbols with the upward trend.
If the demand continues, maintaining the current levels can provide the basis for the continuation of the upward movement; On the other hand, increased supplies may push the index back into the support ranges. Therefore, the trading of the next hours will be decisive to determine the strength of the buyers and the sustainability of today’s growth.
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