Stock market forecast for Tuesday, September 7, 1402 / Soft braking of the stock market in a new upward wave – Tejaratnews
Experts believe that the more the trading volume reaches higher levels in the current ranges of the total index, the brighter the vision of the new wave of the total index will be drawn in the minds of the shareholders.
The value of transactions, another factor for evaluating the stock market situation, has reached more than twice the average value of transactions in the past days. The continuation of this index above seven thousand billion tomans is necessary for the continuation of the positive trend of the stock market.
Checking the statistics of the ownership of real persons on Monday indicates the entry of real capital into the stock market. The capital inflow and outflow index at the end of Monday’s stock exchange reports the inflow of 26 billion tomans into stocks, preemptive rights and mutual funds.
The net inflow and outflow of money experienced a significant decrease compared to Sunday’s trading. This issue is not due to the reduction of money inflow, but due to the recognition of the profits of some people in the capital market, which has strengthened the money outflow side. Therefore, it cannot be concluded from this decrease that the expectations regarding the continuation of the upward trend of the market have stopped.
The new feed rate approval is coming!
Economy Minister Ehsan Khandozi revealed the positive news he had promised a few days ago on the sidelines of the government exhibition press conference.
In referring to the flaws in the resolution to increase industrial feed and gas rates, Khandozi mentioned two cases; A stamp on the envelope containing it, and secondly, according to note 14 of the current year’s budget law, the government should earn about 275 thousand billion tomans from the domestic sale of gas for fuel and feed. Considering that the realization of the number approved in the law required prices similar to the previous decree approved by the Council of Ministers in June, this decree was also wrong in terms of the implementation time.
From Khandoozi’s words, it can be concluded that the decision to increase the feed rate of petro-refineries is completely out of the agenda. The next step of the government is to return to the 1994 resolution. Based on this, the feed price was returned to the same formula based on the formula that was determined from 1994 to one year ago and by calculating the ceiling price of Iran’s gas exports.
It seems that until the end of the 7th development plan, there will not be another adventure in the field of feed rate, and the formula for calculating the feed rate will not change until the end of the 5-year period of the 7th plan (year 1406).
Tuesday stock market forecast
Pumping positive news and its continuation for several days is a fulfilled condition for the beginning of the upward wave of the stock market. On the other hand, it was mentioned in previous reports that positive news should have an impact on the capital market for a long time. Because the market needs a strong flow to get rid of the pressure of more than three months of continuous negative news.
Although the return to the 1994 law actually brings the market to the point it was before May 17 of this year and is not considered an improvement for the stock market, however, the lifting of the seven thousand tomans mandatory price barrier for food is an important stimulus in this situation for Industries are considered.
Therefore, in line with the prediction of the stock market on Tuesday, experts believe that with the decision to recognize the profit of some shareholders or to exit with less loss due to the fear of prices returning to low levels, the supply may increase, but this flow cannot be an important obstacle to the rise of the stock market. It is considered a glass hall.
More reports on page capital market.