Expert assessment of the future of the capital market / government is the main cause of stock market decline

According to Tejarat News, in the first week of October, the correction trend of the stock index decreased and some of the index symbols became relatively balanced. But the general market and large stock exchange industries were negative or traded in the zero range.

Stock market experts assessed the trend of the capital market in the coming days as uncertain because the government’s policies on bank interest rates and bond issuance are still unclear.

According to Mohammad Aram Banyar, a capital market expert, with the peak of the vaccination process and the full establishment of the government and the clarification of policies, the emotional atmosphere in the stock market will decrease.

The stock market expert said that with the increase in the price of commodities in world markets and the increase in oil prices, the movements of commodity-based and refinement symbols of the stock market will also make important changes. It also seems that the rial income of companies will increase in the second half of the year.

The market expert predicted that the government would sell the bonds first and foremost, and when the bonds reached their peak, it would sell the shares, which would probably happen in the second half of the fall.

He added: “The previous government was not very successful in selling shares and now the new government must compensate in order to cover its budget deficit to some extent.”

Mohammad Kheiri, a capital market expert, also told Tejarat News about the stock market trend in the coming days that the behavior of the dollar is important and effective in changing market movements, but he has ambiguous the price of the dollar until Borjam is not assigned.

He added: “In the medium term, the stock market will not grow much, and in general, if there are no fundamental changes in the market, the capital market will not grow.”

He says: “In the current situation, due to the exchange rate of the dollar and Borjam, the volume of transactions has decreased and the shareholders’ turnover has increased, but these factors are an excuse.” Another important factor in creating a negative market atmosphere is the policies of the new Minister of Economy, which has the color and smell of contractionary policies and reducing inflation.

In this regard, Kheiri added: “It seems that the Minister of Economy tends to issue bonds and increase the bank deposit rate, and along with all his comments, he speaks in support of the stock market; But in practice it has not provided much support to the market.

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