Tehran Stock Exchange Financial Forecast on January 19, 2025

The market has entered a correction phase after a period of significant growth. The main difference between this correction and previous ones is that this time we are in an upward trend. In the past, market declines were accompanied by temporary upward corrections, but at this point, the correction is taking shape in the midst of an upward trend. This, in itself, is not a cause for concern and is completely natural. In fact, the decrease in the value of transactions during this period is a sign of a healthy correction in the market.

The increase in the interbank interest rate is one of the important factors affecting the capital market. In the past, we have seen that there is an inverse relationship between the interbank interest rate and the stock market index. That is, when the interest rate decreased, the market rose and vice versa. Currently, the increase in the interbank interest rate could be one of the reasons for the market to stop growing and start a correction.

Companies' 9-month reports will play a very important role in determining the future direction of the market. In the past, we have seen that most stocks have the same movement (up or down), but after the release of 9-month reports, it is expected that the stocks of companies will take a different path based on their performance. In this way, some stocks will break away from the current correction and continue their upward movement.

The gathering of selling lines in large stocks indicates the determination of the legal authorities to support the market and continue the upward trend. This can be encouraging for investors. However, my advice to investors is to invest carefully and cautiously, based on a detailed and comprehensive analysis of the market and various stocks.