Tehran Stock Exchange in a coma; Stock Exchange Organization, audience! / Will the support of 400 billion tomans work?

According to Tejarat News, Tehran Stock Exchange has lost its breath and now it is in its most stagnant days. The value of retail transactions has been at the level of three thousand billion tomans for a long time, and the volume of retail transactions has generally remained at the same level of five billion shares.

This trend has caused the withdrawal of real money from the stock market to become a constant uncontrollable flow and the outflows of 1000 billion tomans are no longer the first-hand news of the capital market. This is the reason why the government has been cooking for the capital market since May of this year and set a downward trend that has never stopped until now.

5-month challenges of the capital market and the silence of the stock exchange organization

During the last five months, the managers of the stock exchange organization, as the guardians of the capital market, have been satisfied only with media interviews and discussions, and even in some threatening cases, such as the riots of the commodity exchange, they have finally failed and left the field to the 13th totalitarian government.

Over the past five months, Tehran Stock Exchange has overcome challenges such as petrochemical feed rates, legal fluctuations, exchange rates for the import of raw materials needed by automobile manufacturers, and the controversy over the withdrawal of steel and cement from the commodity exchange, and every time it receives a new blow from the government. Received. It was only during the government week that the Tehran Stock Exchange spent a few days in green, but with the end of that week, the green days of the stock market also came to an end.

During this period, the stock exchange organization fulfilled its duty to the market only regarding the feed rate of petrochemicals, after a long period of concealment and under the pressure of industrial owners and capital market people, and stood against the government’s decision. In other cases, the stock exchange organization either remained silent or, in a case such as the withdrawal of steel and cement from the commodity exchange, finally backed down and gave in to the request of the bankrupt Ministry of Bazarpash.

It has been more than three weeks now that the Iranian markets have been affected by the Gaza war and have fluctuated. These fluctuations, which have been increasing in the currency and gold markets, have been strongly decreasing in the stock market and have caused investors’ shares to sink. Just last day, more than 1400 billion Tomans of real money was withdrawn from the stock market, which shows that the trust of the loyal investors of this market has also been lost during this period.

Covert support

In the meantime, while the Tehran Stock Exchange is officially in a coma and its few transactions are created as an opportunity to exit and escape, the head of the Securities and Exchange Organization announced the injection of 6000 billion tomans of development fund money into the capital market until the end of the year. have given! This is despite the fact that the stock market has lost more than 1000 billion real money every week on average!

Meanwhile, it was announced that today the National Development Fund will inject 400 billion Tomans into the capital market. This was despite the fact that yesterday 1400 billion tomans worth of real money was withdrawn from the market, and today the stock market witnessed the escape of 270 billion tomans worth of real money.

At the same time, the stock exchange organization has re-displayed the repeated scenario of the media maneuver about the deposit of small amounts, which according to analysts, the capital market is affected by things such as high bank interest rates, instability in the government’s economic policies, the government’s interference with the interests of companies and the silence of the stock exchange organization against These cases are named as the main reasons for the loss of public trust and stock market coma.

The main problem of the stock market is elsewhere

Ali Ahmadi, an expert on the capital market, considered the excitement caused by the tension of the war to be short-lived and introduced the main problem of the stock market as the high rate of bank interest. According to him, the high rate of bank interest is one of the things that caused part of the capital and liquidity to go to the banks and park there in the economic recession.

Ahmadi believes that with the reduction of the bank interest rate, part of this liquidity will move to the stock market. He also considered the price of the companies’ shares valuable and told Tasnim: always investing in the stock market with a medium and long-term perspective has given the investors a good profit, and one should buy and invest in stocks with consultation, analysis and investigation.

money and debt markets; Competitors of parallel markets

It should be noted that while the stock market is witnessing the daily outflow of hundreds of billions of real money, fixed income funds generally record the inflow of real money. The nature of fixed income funds is to invest in markets other than the stock market, and company shares account for the lowest amount of the investment portfolio of these funds. In this way, it seems that the liquidity of the stock market has gone to the money market.

At the same time, the debt market cannot be neglected. In the first half of the year, the debt market was the place to settle overdue bonds, and with the government’s new decision, it is going to offer new financial bonds in the market by the end of the year.

In this way, it is feared that the little liquidity in the stock market will gradually move towards the debt and money markets, which are less risky and have guaranteed profits. Meanwhile, the guardians of the capital market are sitting on their hands and the sound of their silence has taken the market.

Read more reports on the capital market page.