Budget support for listed manufacturing companies/stock market index could not recover the 1.7 million unit channel

According to the economic reporter of Fars News Agency, the capital market passed the last trading day of December, which has been going through an upward trend. Of course, the decrease in stock market growth in today’s transactions was due to the excitement created due to the approach of the total index to the 1.7 million channel limit and also the sale of shares to buy the initial supply.

Many capital market experts still consider the rise of the stock market at the beginning of the path. The backwardness of the capital market compared to other markets and the growth of the dollar price in the market have caused the stock market to attract the attention of investors.

Of course, the government’s support for the stock market, which occurred in the past months and continued in the budget of 1402, has not been ineffective in shaping the upward trend of the stock market.

Technical studies of the stock market show that although the index still hopes to reach higher numbers, fear and apprehension do not allow the index to grow further, and many oscillators are exiting the shares. This problem has caused the entry to the channel of 1.7 million units to be somewhat delayed.

In today’s transactions, refining symbols had the highest value of transactions, the highest demand and the highest arrival of real money.

* The 1402 budget has good support from the stock market

Hamid Dastjardi, a capital market expert, in an interview with Fars news agency’s economic reporter, said about the budget and the stock market: The annual budget discussion has been of special importance for the market, to the extent that many of the resources provided in the budget are related to listed companies. The budget has been written in line with the maximum support of listed companies.

He continued: It seems that export-oriented companies and, on the other hand, manufacturing companies active in the stock market are facing the challenge of laws and need to facilitate them. One of the tax issues is that in next year’s budget, the tax on manufacturing companies has been reduced by 8%.

This capital market expert emphasized: There should be an action for such companies to provide low-cost financing in order to lower the final price of the manufactured product.

Dastjardi stated: On the other hand, if export incentives and facilitation are seen in the export sector, the crisis of companies active in the capital market will be resolved.

* Slow growth of stock market performance indicators

At the end of today’s trading, the total index of the Tehran Stock Exchange increased by 2 thousand 97 points compared to the previous working day to the level of 1 million 689 thousand 144 points. The efficiency of this positive index was 12 percent.

The total homogenous index stood at 526 thousand 187 points with a growth of 2 thousand 539 points. The efficiency of this index was positive 48 percent. Also, the total OTC index increased by 67 points and reached the level of 21,507 points.

* Decreasing the value of micro transactions in the stock market

Today, the total value of stock market transactions reached 19,739 billion Tomans. The value of debt securities transactions in the secondary market was 3,652 billion tomans, which includes 18.5% of the total value of market transactions on this day.

The value of small stock transactions also decreased by 5% compared to the previous day and reached 9,599 billion tomans. The share of retail transactions was 49% of the total stock market transactions.

* Inflow of real money from the capital market

Today, the net value of changing legal ownership to real money was positive and 25 billion tomans of real money entered the stock market.

In Tuesday’s transactions, the largest outflow of real money was allocated to stocks and post (Post Bank), Femli (National Copper Industries of Iran) and Refah (Refah chain stores). On the other hand, the largest inflow of real money was allocated to Shatran (Tehran Oil Refinery), Shabandar (Bandar Abbas Oil Refinery) and Shapna (Isfahan Oil Refinery).

* Growth in the value of stock exchange purchase queues

At the end of trading on Wednesday, 383 symbols had an increase in price and 261 symbols had a decrease in price. In other words, 59% of the market had a price increase and 41% of the market had a price decrease.

During today’s trading, 135 symbols had buy queues and 19 symbols were facing sell queues. The total value of purchase queues reached 677 billion Tomans with a growth of 12%, and the total value of sales queues decreased by 31% and was 258 billion Tomans.

At the end of the transactions, the symbols of Forozh (Iran Ferroalloy Industries Company), Azar (Azerbaijan Development Investment Company) and Ghasabat (Khorasan Stable Sugar Company) had the most queues.

On the other hand, symbols of Energy 1, Desert and Femak had the most queues of sales.

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