Stock market forecast on February 4, 2011 / The fate of the stock market depends on the stock market offering of cars – Tejaratnews
According to Tejarat News, the total index of the Tehran Stock Exchange increased by 0.06% on Monday and stood at 1.653 thousand units. The total equal weight index also increased by 0.53 in line with the main index and reached the level of 522,700 units.
It should be mentioned that the board of Tehran Stock Exchange shows the volume of transactions on Monday at 17.740 billion and the value of transactions at 9.28 billion tomans.
The green scheme of the capital market continued until the letter of the Competition Council quickly changed hands among the market participants. In a letter to the head of the stock exchange organization, the competition council declared all products of Iran Khodro and Sapia exclusive, except Haima and Tara. According to this letter, Shahin, Dena and Peugeot 207 cars should be removed from the commodity exchange.
Consumer and producer profit from car stock exchange
Kavian Abdullahi, a capital market expert, in a conversation with Tejarat News, stated: The experience of the last few weeks of selling cars on the commodity exchange has shown that this has had a positive effect on the free market of buying and selling cars.
He added: Car manufacturers used to sell cars by registration and in limited quantities, but currently they sell a large number of cars at a lower price than the open market, and the profit from this price difference goes to the shareholders’ pockets.
This expert said: This issue has caused a loss-making company like Iran Khodro to get out of its miserable situation and become profitable. This is an important discussion that should be considered by the legislator
Abdullahi stated: This positive effect has been such that the companies that sell their products in the commodity exchange have both caused the free market to be controlled for both the buyer and the seller and have also caused the problems caused by the lack of supply. solve and remove the hands of dealers from the market.
This expert added: The successful experience of the Commodity Exchange showed that the more we move towards liberalization and transparency, the better the situation will be for consumers and producers. But there is a powerful mafia in the automobile sector that resists the move towards transparency and price liberalization.
Regarding the similar experience in the past, Abdullahi said: The interesting thing is that similar things happened in the experience of cement supply in the commodity exchange. At the beginning of the supply of cement in the commodity exchange, we saw resistance from the Competition Council and the Ministry of Security, which ultimately did not succeed in preventing the supply of cement in the commodity exchange.
He added: “Currently, we can see the favorable result of this, that much better conditions prevail in the cement market; consumers can easily get the cement they need.” As a result, offering a car in the commodity exchange benefits both the buyer and the seller, and any action against it causes losses for the consumer and the producer.
Tomorrow’s stock market forecast
In order to predict the future of the capital market, this expert stated: The continuation of the upward trend of the stock market is tied to the issue of car deals, and the fate of this issue should be carefully followed.
He added: “If car sales continue on the commodity exchange, we can expect the positive conditions of the capital market to continue.” On the other hand, if this does not happen, the market may face problems.
To predict the stock exchange on Tuesday, it is expected that the excitement of transactions will increase and reach its peak at the same time as the meeting of the Supreme Council of the Stock Exchange regarding the decision to supply or stop the supply of cars in the stock exchange. Therefore, fluctuating trading conditions for the trading flow of the stock exchange on Tuesday are not far from expected.
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