Initial offerings are revised – TradeNews

According to Tejarat News, Meysam Fadaei, CEO of OTC Iran, said at the 1401 Economic Outlook and Leading Opportunities Conference: “Market participants are critical of the overall index and believe that this index does not reflect the market situation, so an index should be designed in this regard.” Show better.

Regarding the increase in liquidity, the CEO of OTC said: “In the stocks of basic market companies, there were symbols that were locked in the sales queue for more than a year, which needed price adjustment due to various market, economic or fundamental factors.” Therefore, the plan was introduced in late December of last year to eliminate the base volume for companies that were in the buying or selling queue for more than 20 days, to increase market liquidity so that shareholders could easily trade.

He said that we expect that after the assembly season and with the reopening of the symbols, we will no longer have a locked share in the buying and selling queue, adding: It becomes. With this decision, the OTC index fluctuates less and it is also decided that if a stock is traded 1.5 times the average monthly base volume, the base volume in that symbol will be removed.

“The overall index is another issue that market participants always criticize, which does not reflect the market situation,” Fadai said. In response, it can be said that according to experts, the total index should include what markets and also what is the weight of different shares in it? Another issue is investment companies and their subsidiaries, which is very ambiguous because the overall index goes up once because of the subsidiaries and again because of the investment company.

Fadai said: to improve the initial supply of companies to investment funds, it was decided to set a price floor and also increase the number of funds.

Regarding the change in the fluctuation range, he said: The change in the fluctuation range was proposed in January 1400 and it was decided to increase the fluctuation range by one percent in the stock market and over-the-counter every quarter. However, due to the ambiguous conditions of the budget and Borjam, it was decided to implement this decision in more stable conditions. Currently, with a one percent increase in the range of fluctuations in the OTC market, we are witnessing a decrease in sales ranks.

The stock market is rising

Ali Sarzaeem, an economist, said in another part of the seminar about the letter of 25 economists, which was published in 1999: “I am on top of my previous professions.” But that letter had a literature that was unfortunately misinterpreted. The beginning of sanctions was like a handful that entered the Iranian economy, but after two years, market participants adapted to the changes, and this year we achieved positive growth. In the short run, growth continues, but in the long run, the economic situation collapses.

Shahab Mousavi, CEO of Asas Sarmayeh, also stated: There are many variables that affect the market and investment; Analysts need to define their position by surrounding internal and external news and developments. For example, changes in the price of the dollar, interest rates, energy carriers, and the like are variables that affect the market; The risk of rising Federal Reserve interest rates is very serious.

Market risks are over

Mehdi Souri, a capital market expert, said: “The market P / E in the long run has not been lower than 4.8 times, which can be concluded that there is no specific risk of market collapse.” With the release of quarterly reports, we expect the market to decline by the end of the year.

Ali Mahmoudian, the investment director of a leading brokerage, said: “The collective behavior of the market is not only the average opinion of analysts, but also the result of the individual behavior of individuals.” Market leaders can also make mistakes because their trading behavior was wrong. It can be said that the index has started a good upward trend when it is traded 15% above its previous ceiling.

Arad Pourkar, Director of Leading Brokerage Analysis, said at the end of the meeting: “Increasing the value of transactions is the most important criterion for capital market growth.” As capital moves from stocks to funds and vice versa, the total market value rises and falls. If we consider only the stock market, analysis and investment become difficult.