Stock market forecast for Tuesday, August 24, 1402 / shareholders’ withdrawal from cheap sales
According to Tejarat News, the stock exchange transactions were closed in the middle of the week in such a way that the total index compensated part of the drop at the beginning of the week. In this way, the main thermometer of the glass hall faced an increase of 9 thousand and 128 units, which is equivalent to 0.46% of this index. Based on this, the total index stood at the level of one million and 997 thousand units at the end of Monday trading.
The balance index also moved with the total index command. In this way, the index of small and medium-sized companies in the market was able to increase its height and reached the level of 696 thousand 324 units with a growth of 0.66 percent.
However, the positive trend of the stock market had a negative side. On August 23, the per capita purchase of each symbol in the market was 22.2 million tomans and the per capita sale was at the level of 24 million tomans. Experts believe that the per capita ID of purchases and sales is an important criterion for evaluating the validity of positive and negative market movements.
Tehran Stock Exchange under the microscope of statistics and figures
The board of the Tehran Stock Exchange shows the trading volume of 6 billion 700 million shares on Monday and the value of trading shares, preemptive rights and mutual funds at 4,301 billion tomans.
Investigating the ownership statistics of real people on this day indicates the withdrawal of real people’s capital from the stock market. The index of capital inflow and outflow at the end of the stock market trading on the third day of the week reports the outflow of 57 billion tomans from shares, pre-emptive rights and equity funds.
To what extent is the liberalization of car prices a reality?
In the middle of the week, the market started working with a relatively good demand in response to Qalibaf’s letter yesterday regarding the cancellation of the petrochemical feed rate approval and the rumors of the car price liberalization. However, the story of increasing the feed rate is long-winded. In its most recent margin, the Islamic Council declared the text of Qalibaf’s letter and the decisions of the implementation committee to be fake.
On the other hand, in the past few hours, news about a quote from an official in the Competition Council has been circulating in the media, which downplays the possibility of freeing car rates. The statements of this official were in response to the words of the CEO of Saipa. Recently, the Ministry of Security in an official letter addressed to the automobile manufacturers with the topic of “Reviewing the source of currency supply” announced that all automobile companies should meet their foreign exchange needs in the import of parts preferably through their own and others’ export currency.
The CEO of Saipa stated in an interview: Considering the liberalization of the input, i.e. the free supply of petrochemicals and steel from the commodity exchange, as well as the supply of currency from sources other than the Nima system, now is the best opportunity and condition to liberalize the price of the car and get it out of the state. It is a command.
Based on this, an official in the Competition Council, in response to this letter from the Ministry of Silence and Talks of Automobile Manufacturers, announced: “The Competition Council, as the regulator of the car market, has determined the car pricing guidelines, based on which the duties of the custodian institutions are clear, and the central bank is also the custodian. Supplying foreign currency is also in charge of supplying foreign currency to automobile manufacturers, so any change in the pricing of cars is against the instructions of the Competition Council and is illegal.
By reading these talks, a constant question arises in the minds of shareholders and people of the capital market. If a process is illegal, how can an official letter be issued and published based on it?
This is not the first time that this happens. The memory of the conflict between the Commodity Exchange, the Competition Council and the Ministry of Economy during the sale of cars in the Commodity Exchange or the decision to increase the price of feed, which resulted in many conflicts, including the conflict between the parliament and the government, is in the minds of the audience.
Tuesday stock market forecast
With these interpretations, it is expected that the loss of motivation of buyers on Monday will lead to a negative start and the emergence of sellers in the market on Tuesday. In the future, however, it is expected that with the subsidence of the resulting excitement, the stocks that have a better technical condition will face an increase in demand.
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