The alarm of the government’s shareholding in the stock market – Tejaratnews

According to Tejarat News, in the summer of 1999, after recording historical growth, the stock market suddenly fell due to some manipulations and creating excitement. After two and a half years, the stock market was finally able to reach the high of 1999 in the first working days of this year and begin to compensate for its past losses and delays.

Over the past two and a half years, the authorities tried to return the market to the previous path with new resolutions and decisions, but due to the dire market conditions and the mistrust created towards the government’s intervention in the stock market, every new decision or resolution was counterproductive and caused The confidence of the shareholders towards the stock market will become weaker and we will see the index and the market as a whole becoming more red every day.

Finally, after two and a half years of losses, the total index was able to break the record in the first working days of the new year and reject the ceiling of 99. On the other hand, the value of transactions also broke the record of 1400, and in other words, all the components joined hands with each other so that this year the capital market is ready to grow more than inflation.

Due to these growths, experts predict that this year the stock market will be able to make up for all its setbacks and then earn more returns than parallel markets.

In the midst of these days and the good state of the market, the stock market has again received the attention of the government, and the head of the 13th government has ordered the minister of economy to monitor the proper functioning of the stock market. These statements, however, have increased the fear and concern about the government’s intervention in the stock market again and the demand for shares from this market in the days of prosperity.

Involvement in the stock market again

Ebrahim Raisi recently pointed out the impact of the stock market on other markets, and emphasized the management of the Minister of Economy in coordinating all relevant departments for the proper functioning of this market.

The next issue is the type of support. The 13th government had expressed its most important goal to support the stock market; But until today, this government has not provided any support other than speeding up indexing.

Market activists say that if the president intended to support the stock market, why didn’t he do anything about the market when the people were drowning in losses, and now, with the growth of the index, he is looking for supervision?

The capital market has an independent and transparent identity; Although this independence and transparency have been questioned since the winter of 1998, and governments have tried to compensate for their budget deficits by interfering in the capital market and somehow take over the circulation of capital market transactions for their own benefit.

This trend has caused people’s capital to be destroyed in the stock market and their trust to the lowest possible level. As a result, shareholders prefer to withdraw their funds from the stock market, which results in the fall of the stock market.

A repeat of the stock market crash?

The experience of the last three years shows that whenever the governments entered the capital market in the role of a sponsor, they did the opposite and caused losses to the shareholders.

Most of the stock market support packages designed and implemented by the government have failed and failed to restore the market to normal conditions.

Examining the past experiences shows that whenever the government tried to support the stock market by closing or monitoring it, the situation worsened and the trust of the shareholders in the capital market body was reduced, and the result was the outflow of liquidity and the stock market was in the dark.

The people of the market emphasize that, considering the current conditions, it is better for the government to withdraw from the capital market in general and not to do anything about it, instead of monitoring or supporting the stock market, and the result of this approach will be the real growth of the market and its positive returns. .