Stock market forecast for Wednesday, August 25, 1402 / Cars on the way out of the stock market?

According to Tejarat News, according to the forecasts, after rejecting the whispers of denying the liberalization of car prices by the Competition Council, the car group faced a heavy supply in the market today from the shareholders. So that the well-known automotive shares such as Khodro, Khasapa and Khagstar faced a heavy decrease.

The Competition Council informally rejected the liberalization of car prices, but did not give any reasons in response to what the automakers said. The CEO of one of the country’s two car manufacturing giants stated that due to the liberalization of entry, i.e., the free supply of petrochemicals and steel from the commodity exchange, as well as the supply of foreign exchange from sources other than the Nima system, now is the best opportunity and condition to liberalize car prices and exit It is of command mode.

Therefore, the question still remains in the minds of car shareholders and economic activists that if the raw materials of car manufacturers are procured from the commodity exchange and through competition, as well as the required currency from a market other than Nima, shouldn’t the final price of the car also be competitive? be placed

But if the price of the car is not competitive, it must be said that with the increase in the cost price of the car manufacturers, their accumulated losses will never end.

Stock market transactions closed today in such a way that the total index moved in the opposite direction of the previous day. So that the main index of the glass hall faced a drop of 18 thousand and 863 units, which is equivalent to 0.94% of this index. Based on this, the total index stood at the level of 1 million and 978 thousand units at the end of today’s trading.

The balance index also moved with the total index command. In this way, the index of small and medium-sized companies of the market could not increase its height and reached the level of 687 thousand 137 units with a decrease of 1.32 percent.

Tehran Stock Exchange under the microscope of statistics and figures

It should be mentioned that the board of Tehran Stock Exchange shows the trading volume of 7.6 billion shares on Tuesday and the value of retail transactions (shares, preemptive rights and mutual funds) is 4.281 billion tomans.

Investigating the ownership statistics of real people today indicates the withdrawal of real people’s capital from the stock market. The capital inflow and outflow index at the end of the stock exchange reports the outflow of 527 billion tomans from shares, preemptive rights and equity funds.

The heavy shadow of the news on the shoulders of car shareholders

After the end of the market on Tuesday, the announcement of the decision of the admission board of the stock exchange was published. This board has given the country’s two largest car manufacturers until the end of July next year to stay on the stock market and withdraw from Article 141.

In the text of this announcement, it is mentioned that in accordance with Part “C” Clause 5, Article 41 of the Guidelines for Acceptance of Securities in Tehran Stock Exchange, until the end of July 1403, in order to submit audited annual financial statements for the financial year ending on 12/29/1402 to Iran Khodro companies. And Saipa gave an opportunity to withdraw from the inclusion of Article 141 of the legal bill to amend a part of the trade law.

On the other hand, at the beginning of trading on Monday, IRNA published another news that shook the hearts of automobile shareholders. Apparently, in the meeting of the Competition Council on August 21 (four days before the news was published), the market of all cars, including manufactured, imported and assembled cars, was given a monopoly seal. This means that these three categories of cars are included in the mandatory pricing.

Until now, the shareholders were hoping that the new decision of the Central Bank, which required car manufacturers to provide the required foreign currency through their own export currency or other exporters, would lead to the creation of a process to eliminate mandatory pricing.

Wednesday stock forecast

Tehran Stock Exchange started the fourth week of August with the news of a 0.05% increase in the interbank interest rate. In the previous reports, it was mentioned that after the upward phase of the market in April and May, the eyes of investors and people of the capital market should be on the trend of interbank interest rate changes. Therefore, despite the relatively heavy increase in the interbank interest rate, it is expected that the last day of the week will be associated with a negative face of the stock market.

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