Government bond sales do not end / Who is the main cause of the stock market fall?

According to Tejarat News, the stock market was accompanied by negative movements during the current week. Even the homogeneous index has not shown a good situation in recent days.

Yesterday, the stock index fell 2.5 percent, equivalent to 38,000 units, and in the past month, this figure was extremely large and strange. Mohammad Ali Dehghan Dehnavi, the head of the stock exchange organization, gave two signals to the stock market yesterday.

Dehghan Dehnavi had said in his interview that serious attention should be paid to the source of the sale of these bonds. Most of the bond sales are due to open market operations between the central bank and banks, whose transaction statistics are recorded in the debt market and do not in any way mean the sale of bonds by the government. But the evidence shows something else, and bank profits or, in other words, “bank profits” to the people are the main cause of the stock market fall these days, and at a time when the stock market should be attractive to shareholders, the government raises interest rates by raising interest rates. It reduces and directs liquidity to the bank, which is the cause of the country’s inflation.

This statement of the chairman of the stock exchange, the government, has not sold any securities in the market to the people. But why is the market negative?

Reasons for negative stock market index

The first reason for the negative market is the shock and excitement that has psychologically influenced traders’ decisions. According to Javad Fallahian, a capital market expert, the current decline in the overall index is due to shocks that have affected shareholders’ financial behavior, otherwise the fundamental factors affecting the market are in a good position.

The second negative factor in the market is the government’s vague policies on bond issuance and inflation control. And in the final stages of the Barjam negotiations, there has been a threat of a fall in the value of the dollar in the market.

Mohammad Khabarizad, a stock market expert, told Tejaratnews about the current trend of the capital market: “The market is in a valuable place in terms of product prices in the region, world prices and the price of the dollar, but there are several reasons why there are no buyers.”

He continued: “The first reason is the government budget deficit and the sale of securities, which is being done by the government and the central bank.” Therefore, this issue has caused the rate of fixed income securities in the market to have an increasing trend. So that YTM securities sold in the market has reached above 22.5 to 23%, and this is the point that reduces the P / E of the market. This causes there to be no demand in the market.

Khabarizad added: “Another reason that can be considered for the market decline these days is the length of the Barjam negotiations.” Because the picture of the future of the country’s economy is vague, people can not make the right decisions.

“Apart from natural persons and their actions in the market, legal shareholders and legal entities that have liquidity do not inject money into the market because they are involved in changing their managers, for example insurance companies and banks,” he said. They did not have a managerial change.

The market is waiting for the 6-month report

Khabarizad said that the change of the head of the stock exchange organization does not have much effect on the market: “The effect of this issue is more psychological and it seems that the market trend will be somewhat more balanced with the publication of six-month reports next week.”

He added: “Apart from the companies’ reports, the reports of the refining companies are also published and they can help the market. .

He explained: “Only the quarterly of these companies are not effective and they must be published every six months in order to have their full impact on the market.”