Forecast of the stock market on July 7, 1402 / The fire of trust fell into the lap of the capital market – Tejaratnews
According to Tejarat News, following the decrease in the strength of buyers in Dushanbe market compared to Sunday, Tehran Stock Exchange faced a heavy wave of sales during Tuesday’s trading. At the end of trading, the Tehran Stock Exchange witnessed a drop of 27,930 points in the total index and reached a level of 2,168,000 points with a decrease of 1.27%.
At the same time, the equal weight index also increased by 5,545 units and stood at 750,000 units with a growth of 0.73%.
Tehran Stock Exchange under the microscope of statistics and figures
It should be noted that the board of Tehran Stock Exchange shows the volume of transactions on Monday at 10.9 billion and the value of transactions at 6.966 billion tomans.
Investigating the ownership statistics of real people indicates a small withdrawal of real people’s capital from the stock market. The capital inflow and outflow index at the end of Monday’s stock exchange reports that 535 billion tomans worth of money was withdrawn from the stock exchange.
Was the social capital of the market a victim?
With the positive upward trend that started in November last year in the market; Slowly and with very small steps, we saw the return of social trust to the stock market. So that at a time when the total index had managed to cross its historical ceiling, the talk about the stock exchange had been discussed in every circle and we witnessed the daily return of a large number of new real shareholders to the market, who last entered the portfolio more than two hundred years ago. They had visited themselves.
The need to return public trust after the events of August 2019 has been mentioned as the most important capital market in the talks of capital market experts or even stock market officials themselves. In practice, however, there is no sign of the conversation. It seems that some have completely forgotten the consequences of damage to people’s trust in the stock market.
While the days of the beginning of the reform process on May 17, the reactions indicated that all the conditions were normal, now the disclosure of the date letter that is being circulated in the cyberspace showed that many people were aware of the essence of the matter apart from the real people and shareholders. .
The circulation of a letter in cyberspace, which had the signature of Mohammad Mokhbar, the first vice president, changed the stock market. This letter dated the 17th of May this year announced the increase in the feed rate of petrochemicals from five to seven thousand tomans. It is interesting to note that the date of this letter corresponds to the beginning of the market collapse.
Accordingly, the heavy shadow of mistrust once again covered the Tehran Stock Exchange. The shareholders say that on that day, those who enjoyed the information rent, emptied the petrochemical shares and in this way pushed the stock market to fall.
At the same time, the stock market identified another risk with the news of the increase in the feed rate of petrochemicals and was convinced that the government has increased the pressure on listed companies; The pressure that ultimately leads to the reduction of the profit margin of these companies and the impact on the interests of the shareholders.
Wednesday stock forecast
Having said that, it seems that the market stalling and the doubts of the buyers towards entering these areas will continue and in the market of the last day of the week, we will witness the continuation of the power of supply in the stock market transactions.
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