The Iranian stock market has become a hotbed of emotional behavior, and unfortunately one of the biggest reasons for this is the loss of social capital and the decline of trust in government institutions and market makers in times of crisis. Less than three months have passed since the heavy fall of the Iranian stock market, and after a long period of stagnation, the Iranian stock market had entered the ascent, which unfortunately faced emotional behaviors and emotional outbursts of shareholders and lost some of its intrinsic value. In the following, we will deal with the latest developments in the capital market and forecast the general trend of the Tehran Stock Exchange. Please be with Artan Press.
*** ۳% drop in the stock index
Unfortunately, after a long period of indexing around one million five hundred thousand units, instead of starting a positive outlook and the upward trend of shares, we saw the market fall, so that yesterday the index experienced a three percent decline and became one of the bloodiest days of the stock market. . Profit and loss shareholders of the stock exchange, who are terrified of checking their trading page on their system these days, with a heavy drop of 43,000 units on Saturday, spent the night with a bloody heart and anxious eyes, so that maybe on Sunday the traders will keep their promise. Support action and the market.
*** Relative capital market reform
Unfortunately, we can not expect support from the market maker these days. In such circumstances, the market should be kept by the real ones, but unfortunately, the real ones put themselves on the sales side as much as they could today, so that the outflow of real money in the amount of 1781 billion Tomans can be recorded. We saw the excitement, it can not be rooted in fundamental change, because in the field of global prices; Whether commodities or metals and oil, there is good fundamental news that can be true for many companies.
*** Government revenue from the capital market
The stock market problem starts where the government officially announces its intention to generate income in the capital market. At first glance, it may seem that the government is making money from the uptrend of the market by investing in small shares and empowering them, but in recent months, legal entities in the market have behaved quite differently, which has led to mistrust. Provided the real ones. The government has decided to earn 95,000 billion tomans from the sale of shares in next year’s budget, which is not out of reach due to the increase in the volume of the capital market and if the shares are profitable.
*** Disruption of market order in supply and demand
Examination of market signs shows a disruption of market order in the supply and demand sector. Strangely, the shopping cup in the market on Saturday was so light that during today’s trades, out of 348 stock symbols, 52 symbols (equivalent to 15%) had a purchase queue worth 350 billion Tomans and 186 symbols (equivalent to 53%) a sales queue. They amounted to 1158 billion tomans. The total homogeneous index also turned red and recorded 455,169 units with a drop of 8,500 units.
*** Transaction symbols
Famli, Foolad and Fars were the three symbols that had the most impact on the index. Barakat, Shasta, and Khodro were the three most popular symbols. The OTC index also fell by 503 units, the value of transactions in this market was 8400 billion tomans. Continued decline in the price of large dollar and non-dollar groups and the spread of this situation to small groups in the market that were in high demand in recent weeks, caused us to see the withdrawal of 2,062 billion tomans of real liquidity from the stock trading cycle.
*** Negative stock market bubble
The important thing to talk about in the current situation of the stock market is that in the current situation, we can boldly say with certainty that the market has suffered a negative bubble. The technical and fundamental condition of many stocks is much higher than current rates. And it can be firmly argued that yesterday’s market reforms have no fundamental reason. In the current situation, the market is technically in a critical situation. The market is facing a resistance in one million and two hundred thousand units, which is very unlikely to break.
But if it is broken, there will be very bad days for the stock market by the end of the year, and the index may be reduced to 900,000. But this is very unlikely to happen. Prices are expected to rise cautiously in the coming days. We have to wait and see the end of the game on the field of government shares.
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