The stock market, after the growth of the index and reaching the limit of two million and the beginning of the decline of the index, has practically entered a process of erosion and generally decreases. This market has fallen into this day due to the lack of a principled and stable support policy, to the point that we have witnessed a drop in the index to the limit of one million and one hundred and thirteen thousand units. If this support is broken, the index is likely to fall below one million.
Unprecedented drop in the total index of the stock exchange
It has been about 9 months that the total index of the capital market has moved in a downward direction after touching the figure of 2,100,000 units until today. Now, after about 11 months, it is getting closer; Who had passed there for the first time; That is, a significant support line of 1,130,000 to 1,140,000 units that has been hit or approached at least 4 times in the last 11 months; Somehow supported and returned. Now all eyes are again on this important support floor; Will the overall index support this point again for the fifth time?
Tehran Stock Exchange record yesterday
On the day when the total index of Tehran Stock Exchange fell by 1.34%, out of 277 traded symbols, the closing price of 9 shares (3.2%) was positive and 141 shares (51%) were traded at negative levels. In this market, a symbol (and credit) (0.36%) formed a purchase queue worth 4.9 billion tomans. On the other hand, we witnessed the formation of a heavy sales queue in 231 stock exchange symbols (83.4%) worth 3079 billion Tomans.
Unsatisfactory situation in OTC trading in Tehran
On the OTC market of Iran yesterday, 107 symbols were traded, among which the closing price of 2 shares (1.8%) was positive and 57 shares (53%) were negative. In this market, only one symbol of “Shedsaf” (0.9%) formed a buying queue worth 8.9 billion Tomans, but 94 symbols (88%) also faced a selling queue worth 1235 billion Tomans. The base market also hosted 77 symbol trades today. Among them, 9 shares (11.7%) remained positive and in contrast, we saw trading of 36 shares (47%) in the negative range. In this market, 10 symbols (13%) formed a purchase queue worth 64 billion Tomans and the sales queue in this market was allocated to 62 symbols (80.5%) with a value of 1009 billion Tomans.
Sensitive conditions in the support floors of Tehran Stock Exchange
Observation of capital market information and hearings of this market shows that in case of loss of this important support floor; The next major stations will be 1,050,000, the next 1,000,000 and the next 9,30,000. In fact, 50,000 billion tomans were taken out of the heart of the capital market, which did not have the capacity, to be the shield of economic disaster in 1399 so that money would not be printed. In general, with the clarification of political and election conditions and the support of the Market Development Fund and the issuance of bonds, the market will have a better color and smell in the second half of May and June than in the first month and a half of the year.
The need to accelerate the process of price discovery in the Tehran Stock Exchange
The market in the current situation needs to find out the real price on all stocks. In the current situation, the range of fluctuations should be eliminated altogether in order to get out of this unhealthy situation as the market risk increases and the market reaches equilibrium in the shortest possible time. However, the board of directors of the Stock Exchange and Securities Organization in yesterday’s meeting, according to the decision of the Supreme Council of the Stock Exchange to increase gradually and follow the studies; Decided on the symmetry of the domain at the same time and then the gradual increase of the domain symmetrically.
This will definitely not cure the pain of the stock market. The market needs a serious move by the market maker. In the current situation, the amplitude of the fluctuation was changed to positive and negative 5 instead of +6 and 4- to 5, and in the future, by monitoring the market conditions, the amplitude will be increased. With this approach, it seems unlikely that the stock market will see peace in the short term.
Strategy for changing the scope and volume of the base in Tehran Stock Exchange transactions
Regarding the fluctuation range and base volume in Tehran Stock Exchange and OTC, it was decided that from Saturday next week, the minimum base value in the base volume for all trading symbols of Tehran Stock Exchange, the first and second OTC markets will be 15 billion Rials and also This amount should be changed to 10 billion, 5 billion and 2.5 billion for the basic market of yellow, orange and red boards, respectively. This may seemingly limit the volume of shareholder losses. But it will destroy market confidence and act as a short-term housing. In the current context of the stock market, only 5% of the shares sold need to be legally protected.
Offer to close Tehran Stock Exchange
Unfortunately, the situation has reached a point where some analysts are talking about closing the market in the current situation. But it should be noted that closing the market is a strategic mistake. Because the interruption will not cure the pain of this market and will only increase the demand for liquidity in the stock market and we will experience heavier sales queues in the days after the closure. Unfortunately, the manipulation and suspicious sales of some stocks further disturb the lost calm of the market. For example, in recent days, it has been clearly observed that some people in the car symbols and Khasapa Cho have negatively marketed and stabilized the volume of sales queues in these two symbols.
Selling subsidiary bonds, the way to save the stock market
In the current situation, with an acceptable volume of sales of subsidiary securities and related shares by the Market Development Fund, good liquidity has been provided to support the market’s core shares. Unfortunately, in the current situation, we are witnessing an opportunity burn in car shares. With a 9% increase in car prices in recent days, the profitability and growth trend is likely
Leaving harmful car companies in Iran is improving. Therefore, in the current situation, there is no lack of kindness towards car shares. Because the information status of these felts on paper is good. It has been done by issuing bonds and financing by seemingly incomplete large car holdings. Now is the best time to inject this liquidity alongside the resources of the Market Development Fund. It may save the Tehran Stock Exchange in the current situation of the automotive sector.
Stabilization of the negative bubble trend of 40% in Tehran Stock Exchange
Unfortunately, the stock market, unlike the days when it experiences a positive bubble, is in a situation where it suffers from a severe negative bubble in value. Considering the total index of the stock exchange, more than 40% of the basic market shares were made below the intrinsic value of the transaction yesterday. In the current situation, stock market investors are looking for a reliable mother to migrate assets. More stockholders on eroded sales pages will find this option if it is out of the market forever. On the other hand, since his capital does not leave the stock market, he can follow the analyst, who also believes that there are unreliable rights. A lawyer must seek his life and death in the stock market. In such circumstances, one can experience an active, dynamic and growing stock market.
Conclusion:
Stock exchanges are in a very sensitive situation. Special and very sensitive support trends in the stock market have been placed on the plant. There are very strong protection units in the index range of one million to one million one hundred thousand. But some sick analysts tend to drop below one million with the legal withdrawal and the events that exist in the constructive indicators of Irankhodro and Saipa in the current situation. Under these circumstances, it is likely that the stock market saw the color of real capital inflows for a long time. It remains to be seen where the situation in this chaotic market will end.
این مطلب بدون برچسب می باشد.
ثبت دیدگاه