Reverse movement in the stock market.
Yesterday, despite the limited growth of the indices, the stock exchange in Tehran was not spared the caution of traders. The overall index closed its draw one day after recapturing the 8 million channel under selling pressure.
Experts believe that as long as the risks persist, the volatility and uncertainty in capital market transactions will continue. The transactions of the stock exchange in Tehran followed a similar trend many times in recent days.
The indices go through an upward path at the beginning of trading, but with the passage of time they lose some of their initial growth. This pattern was repeated yesterday during stock exchange transactions.
This behavior is usually due to the difference in traders' expectations and strategies at the start and end hours of trading. At the beginning of trading, it can provide optimism about the accumulated demand from the previous days and the willingness of buyers to be present at higher prices.
But at the same time as prices increase and indexes approach daily highs, some traders prefer to exit the market by recognizing a profit. On the other hand, the increase in the supply of major symbols can put additional pressure on stock market indices.
Therefore, if a new and strong demand for withdrawing supplies does not enter the market, the relative superiority of the sellers will lead to the retreat of prices and the index moving away from the daily high.
Of course, this does not mean a change in the overall market trend and can be a sign of traders' caution and a decrease in demand at higher price levels.
Full text.
The official channel of Donya Akhtaz newspaper.