The Tehran Stock Exchange index witnessed a growth of more than 21,000 units in the trades of 1 Azar, which can be a good omen for the Tehran Stock Exchange. In this note, we discuss the latest situation of the Tehran Stock Market on the last trading day. Please be with Artan Press.
If we want to examine the performance of Iran Stock Exchange on the first day of December, it should be noted that on this day the price index (weight-value) 5553 units, free float index 23914 units, primary market index 21427 units, price index (equal weight) 1508 units , The total index (equal weight) grew by 2303 units and the secondary market index by 20687 units. These numbers have not been observed in the performance of listed companies for at least the past month, which alone can be a prelude to better days for the Iranian stock exchange.
*** The most important factors in the growth of the stock market
One of the most important factors in the growth of the market on Saturday was the introduction of the Shasta symbol, which was very well received. Since in February of this year, the symbol of the Persian Gulf Star as one of the members of Shasta Holding will be introduced to the stock exchange as an initial public offering, this symbol has become one of the attractive symbols of the market.
It is necessary to explain that the symbol of the Persian Gulf star will be one of the largest shares of the petrochemical sector of the Iranian stock exchange and its entry is practically considered one of the keys to the growth of the stock exchange in winter. Along with Shasta, Khodro, Khosapa, Foolad, Vatjarat, Famli and Khogstar were among the most popular symbols today.
The OTC market was also affected by the growth of the Tehran Stock Exchange and most of its symbols yesterday were green. The OTC index, following the good day of Tehran Stock Exchange in Saturday trading, increased by more than 399 units and reached 15,994 units.
One of the most important factors that caused the Tehran Stock Exchange to turn green was the orders of the Exchange Organization to ban the sale of legal entities, which quickly shortened the long queues of real and legal sales and caused the market to return to normal.
*** Bank interest profit canceled
Another issue that led to the further growth of the stock market index was the elimination of the news of bank profits. Some people, having seen the markets critically, decided to choose the lowest risk scenario possible, which is to surrender the rial to the banking system and receive bank interest. With the news of the increase in bank profits ruled out, the stock market was the best option for landing stray liquidity in society. Because we are in a situation where none of the markets has potential attractiveness and the risk of investing in the gold and coin market has risen sharply.
*** Doubts about the elimination of bank interest increases
Despite doubts about the elimination of bank interest increases, capital flowed into the stock market. The question may be asked why the stock market? The reason is obvious. Because the Iranian stock market has seen a sharp decline over the past two months and is practically close to its floor prices. Will go through.
*** Transient change in the stock market trend after the US election
After the US election, we witnessed a very transient decline in the stock market, and unlike other markets, its upward trend has begun slowly but gradually. This is because the stock market has emptied its bubble and is moving towards real prices.
*** Increasing bank profits is necessary for the current economy
Eliminating the news of rising bank profits is not good news, because in the current situation where the economy is severely damaged by sanctions and the corona issue, it needs expansionary policies. In this situation, the government helps to create a balance of wealth in society by providing low-interest loans and supporting the middle and poor sections of society.
In such a situation, by increasing the bank interest rate, it is possible to support the affected businesses so that they can earn money from their savings during the holidays and be able to overcome these conditions. With the news of the increase in bank interest rates eliminated, people considered the stock exchange route to be the most logical route, and a kind of reconciliation with the stock exchange has been keyed.
*** Bright outlook for the coming days
It seems that with the entry of the total index to one million and three hundred thousand units, a clear vision for the market is practically conceivable. Many people are likely to trust this market again, and field assessments and indicators of money entry into the market It shows that people are afraid of re-entering the stock market and the ground for re-confidence in this market has been provided. We hope that this trust will be maintained and that the legal foundations of the market and the order of supply and demand will not be disrupted by the individual actions of some legal entities.
*** Reasonable value of corporate stocks
Another issue that needs to be addressed is the value of companies’ shares in the current situation. Given that the companies’ P / E has fallen after the last 50 days, the market has become attractive for investors and some stocks have fallen more than 70%, which will increase the buying queues in the market. Practically, a stock that has experienced a 70% drop does not have the traction to sell and offer more in the market, and this is practically the starting point for capital inflows.
*** Successful changes and policies in the Supreme Council of the Stock market
The general trend of the stock market is such that due to the changes and policies recently adopted in the Supreme Council of the Stock Exchange, a series of demand drivers were strengthened and flowed, and this situation seems to continue. All of these factors have worked together to date to mark the seventh consecutive green day of the stock market. These policies are considered positive, at least in the short run, as market conditions have shifted to the value of retail transactions in this market Reached a peak of three months.
*** Reduce queues for buying and selling stocks
What was clearly visible in yesterday’s market was the reduction of the sales queues in a simultaneous way. This shows that in the stock market, false emotions give way to computational and technical logic, and in this situation, we can A durable and stable market was envisioned.
*** Dollars play the role of stock market losses
If we want to address the issue of what caused the stock to fall in the last month and start growing in recent days, it must be said without a doubt and with great difference that the dollar has played a major role in influencing the Tehran Stock Exchange. Last month, the price of the dollar reached around 32,000 tomans. This was accompanied by a very large and historic growth of the stock market.
Many analysts assessed the stock market as slowing down and immediately jumped on the wave of dollar fluctuations and made a profit from this market. The outflow of money from the stock market to the foreign exchange market has become the most important reason for the stock market to fall. In the current situation, the situation is exactly the opposite. The dollar can no longer be expected to rise sharply for the dollar in the short term. Therefore, capital is moving towards the stock market.
*** The growth of stock markets in the world and its impact on the Tehran Stock Exchange
Global markets and the growth of stocks in other countries are not unrelated to the growth of the Iranian stock market. With the weakening dollar and the growth of Chinese, Japanese and European companies, along with the possibility of increasing demand in global markets, which is due to the optimism to curb the corona, has caused prices to rise in many basic commodities such as base metals and petrochemicals. Find. Usually, this wave of global demand reaches the Iranian Commodity Exchange market with a delay of a few days and makes metal and steel symbols very attractive. That is why we saw growth in the steel symbol and family in yesterday’s trading.
*** Government-sponsored stock market
If the government supports this market, we will see better days for the stock market. We also declare that the stock market is the best and safest market for investment, which in the long run can be more profitable than other parallel markets. The role of the government in guiding the stock market towards its logical and real path is very important and effective. We have to wait and see how the government will support this trust.
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