On the first day of Mehr 1403, the Tehran Stock Exchange saw a 1.25% increase in the overall index, reaching 7 million and 256 thousand and 832 units. This growth occurred as the selling pressure from the last days of Shahrivar gradually decreased, and the market moved towards higher demand. On this day, approximately 1,274 billion tomans of real money entered the stock market, and the value of retail transactions reached around 45 thousand billion tomans.
Status of Various Groups in the Market
The trading picture on the first day of Mehr shows that demand was not concentrated only in a few large symbols, and a significant portion of various market groups also faced buyer superiority. In the banking sector, about 76% of symbols were positive, in basic metals this share reached about 74%, and in chemical products, nearly 73% of symbols were in the positive range. Oil products also had a similar situation.
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Among the recorded returns of the groups, chemical products saw a growth of 6.49%, banks and credit institutions 1.86%, oil products 1.46%, and basic metals 1.19%. In contrast, the automotive and parts manufacturing group experienced a negative change of 0.08% in the same session. This difference in returns indicates that demand in various industries did not move uniformly.
Liquidity Flow Shift in the Stock Exchange
One of the most significant changes on the first day of Mehr was the shift in liquidity flow. The entry of 1,274 billion tomans of real money into the stock market, along with the expansion of demand in other equity and mixed funds, indicates a return of some demand. The value of retail transactions also reached 45 thousand billion tomans, reflecting high activity in the market.
However, the context of the previous week should also be considered in the calculations. The overall index had dropped by about 4% in the week ending on Mehr 1, and nearly 16 thousand billion tomans had exited from stocks, rights issues, and equity funds. Therefore, the influx of money in one session is positive, but for confirming a change in direction, its repetition in several trading sessions is more important.
Expectations for Upcoming Days
In the coming days, the most important data for the entry of real money into the stock market will be the net buying and selling of retail investors in large groups. If the influx of liquidity is only concentrated in a few symbols, its effect will differ from a situation where it covers several industries simultaneously.
Basic metals, chemical products, oil products, and banks were active on the first day of Mehr in terms of both the number of positive symbols and overall performance. These groups have a significant weight in stock transactions, and their behavior can also impact the direction of the overall index.
The free dollar on Friday, Mehr 3, was at the level of 234,615 tomans, and this rate could be one of the external variables of interest to the market at the start of the week. For export-oriented companies, changes in the exchange rate alongside global commodity prices affect revenue and profitability estimates, while the effect is not uniform across all companies in the market.
As a result, basic metals and petrochemicals at the start of the week are not solely dependent on the behavior of the stock market, and traders may also simultaneously monitor the direction of the exchange rate and conditions in global markets.
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