liquidity rush to the stock market; Indicators are on the way to breaking records.
The stock exchange in Tehran witnessed a strong wave of demand on Tuesday, November 10. In the first hour of trading, the total index reached the range of 8,345,000 units with an increase of more than 208,000 units; A rare jump was accompanied by about 500 symbols placed in the buy line and trading of nearly 900 symbols in the positive range. However, the mix of demand in today's trades has changed compared to the previous day, and index-producing symbols have been favored by buyers. This shows that some of the new liquidity that has arrived has moved towards large companies and has an impact on the overall index.
The value of retail transactions today reached 33 thousand 954 billion tomans; A figure that is 10% lower than the weekly average and 13% lower than the monthly average. The noteworthy point is the simultaneous decrease in transaction value with a significant increase in real cash flow. The net inflow of real money to the stock exchange reached 11,770 billion tomans last week, and today it continued for the second day in a row registering 11,355 billion tomans. In this way, the bulk of the weekly money arrival happened only in the last two days; A topic that indicates the acceleration of cash flows towards the shares.
On the other side of the market, fixed income funds faced real money outflows for the sixth day in a row. The amount of liquidity withdrawal from these funds in today's transactions reached 9-5,000 billion tomans and the total weekly withdrawal was 8,000-811 billion tomans. Simultaneous withdrawal of resources from fixed funds with a significant flow of money into stocks is a sign of changing the composition of investors' assets and increasing the willingness to accept risk in the stock market. However, the continuation of this trend will depend on the existence of positive expectations and maintaining the attractiveness of the stock market.
The order table also shows the considerable superiority of buyers. The value of shopping queues increased by 6.56 billion tomans compared to the weekly average and reached 15.988 billion tomans. On the other hand, the value of sales queues decreased by 917 billion tomans compared to the weekly average, and was limited to 221 billion tomans.