Riyal industries lead the stock market in the summer – Tejaratnews
According to Tejarat News, capital market expert Mojtaba Diba believes that currently, the market has evaluated the news surrounding the revival of JCPOA and the possibility of a new agreement as one of the main risks ahead. Diba believes that the relationship between the JCPOA and the capital market will change over time.
The positive effect of agreement on the profitability of listed companies
In an interview with TejaratNews, this capital market expert stated: In the future, the revival of JCPOA agreement will lead to the growth of the market as a whole. Even in dollar industries, which may be the Achilles heel of these market days! Diba added: If an agreement is reached, a part of the discounts that are currently applied to industries such as steel or petrochemicals will definitely be removed. These changes will help the sales dynamics of the companies and in this way the main nature of the capital market which is growth per sale and profitability will be highlighted.
The state of industries in the coming months
This capital market expert further stated: These days, the fever of the stock markets has increased due to the possible movement of the country towards an agreement, and the volatility of this market is high like other parallel markets such as currency and gold. Referring to the scenario of the possible revival of the JCPOA, Diba said: Rial industries can be taken into consideration in the summer.
Diba further pointed to the industries with great potential for growth and said: agricultural, pharmaceutical, transportation, banking and insurance groups have the necessary capacity to release upward energy in the summer season.
He added: Another important point is the shares that will undergo revaluation. These kinds of shares can become very attractive to the people of the capital market over time.
Strengthening the fundamental view in the market
Referring to the impact of fundamental elements in the market, this capital market expert said: the fundamental view in the market has been strengthened compared to the past, and we have seen that compared to three years ago, the market pays more attention to the fundamental elements of stocks, but currently the main view of the market is The consensus side is because investors are looking to buy stocks at lower prices.
Diba added: Therefore, the weight of transparency in the diplomatic atmosphere of the country should be increased and the clouds of ambiguity should be removed. As the task of the shareholders with the issue of foreign agreements becomes clear, then we can expect the rhythm of the market to move towards stocks that have published very good reports in the assembly season.
At the end of this conversation, Diba pointed out that the Tehran Stock Exchange is considered an inflation-oriented market, and related to the future trend of the stock market, he said: the main point is that if other items of the macro economy, such as the strange increase in liquidity and the lack of inflation control, are included in the calculations and forecasts If we consider ourselves, we can expect to have an upward rhythm in the rest of the year, especially in the second half of the year. But its severity depends on the agreement and the market’s view of the agreement.
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