Iran Stock Exchange has gone through ups and downs and after many ups and downs, has adopted different scenarios and different analysts have expressed their views on the future trend of stock exchange transactions and the overall index with real reasons but completely different outputs. They have.
Therefore, in this article, we will review the latest situation of the metal exchange and evaluate the future conditions of this exchange group.
The metals group in the Iran Stock Exchange is one of the key groups that guarantees the main structure of the Tehran Stock Exchange and the factors influencing the promotion and growth of the Iran Stock Exchange. This group includes 39 active symbols in the Iranian stock market and Farabous market, all of which are valued based on the latest supply and demand announcements and daily pricing, and sometimes inserting important news from one of these symbols can affect the performance of other symbols. . Therefore, the metals group is one of the most cohesive and consistent groups in the Iranian stock market, and this coherence has many reasons, the explanations and causes of which are beyond the scope of this note.
*** Evaluate the performance and return of metals
Regarding the evaluation of the performance and return of this group, it is enough that in the current nine-month period compared to the same nine months of last year, some of the symbols of this group have witnessed a very significant growth (on average, about 75%). For example, family symbols with a growth of 90%, Freud with a growth of 75%, steel with a growth of 117% are among the most viewed shares of this group. From the end of March 1998, attention was drawn to the group of metals and minerals in the steel exchange. The main growth of this group of the exchange began in early June and the most important reasons are the promising reports, foundation and high value of the group’s shares and shareholder support. It was a law of growth and strengthening the shares of this group.
From the beginning of August of this year, the growing trend of the base metals group stopped and heavy buying queues gathered, and immediately with the transfer of legal shares at the trading floor of the day, we saw heavy selling queues in summer stock exchange transactions. In the days when most analysts talked about the stock market index of 3 million, few expected the total stock index to fall to one million and two hundred.
With the fall of the stock exchange index and the beginning of the fall of all shares in all groups, the basic metals exchange also turned red and about 20% of the market value of this group was lost. The most influential indicators were in this situation, so that the sales queues of the steel symbol were stabilized continuously for up to two weeks, and this symbol, along with the car, Khasapa and Shepna, experienced the most falls.
*** Evaluation of quarterly performance of basic metals group
As explained in the previous sections, sharp fluctuations occurred in the last quarter for this group, which we will discuss in more detail in this section. The total index for the base metals group in the best performance of the last quarter is about one million and four hundred It is one thousand and this trend has fluctuated in the worst performance in the range of 900 thousand. After thirty days of resistance against the index of one million and two hundred, FPNA has been continuously ascending and this issue has been delayed for the symbol of Fasmin. Becomes the nose.
*** Evaluate the latest developments in the base metals group
The Tehran Stock Exchange closed on October 7, 1999 with a growth of 26,000 units and paved the way for hope and money to enter the market next week and after the holidays, because the resistance in the channel of one million and five hundred thousand total index was broken and This led to a 2.5 percent increase in the total stock index.
If the upward trend of the stock market is continuous and continuous, the stocks of basic metals groups and the stocks of parts manufacturers are among the most attractive markets, and we will most likely see heavy buying queues in the symbols of this group, especially steel, family and vetoka. Because the behavior of the legal shareholders of these shares is more logical in fluctuations and we will most likely see more legal support in the bullish days of the market.
Examining the reasons for the growth of the index in the market today, we find that more than a thousand units of the growth of the total index belongs only to the “family” symbol and about 777 units are related to the performance of Mobarakeh Steel. In the coming days, the two will definitely have very good conditions in their record by crossing the 1680 channel.
Although some of the symbols of the base metals group were associated with lower prices, their rate of decline was not significant and the reasons are considered to be insufficient risk for money to enter the weekend market. It should be noted that usually in the Iranian stock market on weekends, the demand for liquidity and the lack of transparency in the trading market next week, and sometimes to save cross-sectional profits, the demand for buying stocks decreases and the tendency for liquidity increases.
*** Rial performance record of basic metals group
Today’s record of basic metals trading was acceptable. In total, taking into account the base volume of all stocks in the base metals group, this group witnessed a 1% growth in stock prices. Also, more than 414 million securities worth 980 billion tomans were traded. It is noteworthy that about 600 billion The market value of the Toman traded on the Metal Exchange was purely family-oriented. In the current trading week, mineral symbols could not have the same function as metal symbols, which is logical. Because usually the Sharpe trend starts in mineral symbols after stabilizing the profit in metal and chemical symbols, this signal has not been issued by these two groups yet and the market needs time to pass and pass the minimum index and resistance of 1680.
In such a situation, investors consider the risk of entering the symbols of the same group a little irrational. That was why despite the growth of one Percentage of the total index of metal symbols in the mineral group witnessed a decrease of half a percent, which is not surprising, and almost these conditions were conceivable in the general view of the market (for the reasons mentioned in the scenario of the last trading day on the Iranian stock exchange). Although the symbols of Chadormelo, Kachad and Kegel had negative days, their group symbols such as Calcimin and Kama brought 20% and 25% profit to their shareholders.
*** Conclusion
It may be a little early to conclude about the general market trend, because there are no definite signs of sustainable growth in the Tehran Stock Exchange and until the resistance and support of the channel of one million and sixty thousand units, there can be no certainty about sustainable growth. He talked about metal symbols and the stock market in general. However, the intensification of liquidity flows, legal protections and exchange rate adjustments can greatly contribute to the stability of profitability in the stock market, which we are waiting for events from this perspective in the Tehran Stock Exchange.
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