The end of the stock exchange today, July 7, 1402/ The stock market, the red carpet went on vacation – Tejaratnews
According to Tejarat News, the stock market is dominated by negative news these days. On the one hand, it has lost the leverage of the dollar price and due to its declining trend, it is unable to grow again, and on the other hand, it faces threatening decisions from the government every day.
It was just a few days ago that it was said that the dollar rate of special oil products is going to be calculated with the remittance price of the exchange center, which is about 38 thousand tomans, and the price of 28 thousand and 500 tomans has no place in the Arabs. This news was a positive signal for the stock market, but following the pressure of the bitumen association, this decision lasted only one day and was quickly canceled.
Since yesterday, the disclosure of the first vice president Mohammad Mokhbar’s letter regarding the increase in petrochemical feed rates from 5,000 to 7,000 tomans has been controversial. According to this letter, it has been determined that the economic ministries have proposed this rate increase to the cabinet and the government has approved it.
This news created a new wave of decline in the stock market, so that the market easily lost the slight growth of the first days of the week and fell again in the last two days. Even the justifications and explanations of Economy Minister Ehsan Khandozi did not work in the meantime and the market did not pay attention to it.
Currently, the stock market is a victim of the government’s lack of confidence and is facing a new margin every day. Based on this, the volume and value of small transactions have decreased drastically and plunged the market into absolute stagnation.
The performance of stock market indices
Today, the total index of the Tehran Stock Exchange dropped another 14,808 units to stop at the level of 2,153,395 units with a 0.68 percent drop.
The total equal weight index was not in a better condition and with a drop of 0.53%, it decreased by four thousand steps and reached the level of 746 thousand 634 units. Free floating indices, the first market and the second market experienced a drop of 0.49%, 0.81% and 0.54% respectively.
Today, the overall OTC index was also down and reached the level of 27,621 points with a drop of 165 points.
Effect of symbols
Today, the symbols of Parsan, Shepdis, Fars, Waghdir, Shasta and Foulad had the most negative impact and the symbol of WebMlat had the most positive impact on the total stock market index. Parsan alone pushed the total index back by more than two thousand units. Shepdis and Fars also lowered the total index by more than a thousand units each. Meanwhile, Shahr, Shepdis, Webmelet, Krazi, Khakmek, Khodro and Shiraz were the most traded stock symbols in today’s transactions.
Today, the symbol of Fejhan had the most positive effect and the symbols of Maron, Zagros, Vespehr, Ghosino, Hormuz and Bepas had the most negative effect on the total OTC index. At the same time, Alis, Zafjar, Nyan, Day, Froud, Khavar, and Ketaseh were the most traded symbols of this market.
Value and volume of transactions
Today, the stock market experienced trading of small shares, mutual funds and preemptive rights worth five thousand and 941 billion tomans; The value of small transactions compared to the previous day decreased by one thousand billion tomans. The total volume of market transactions reached 10 billion and 400 million shares. In this way, the stock market is still in an erosion recession.
On the other hand, today, the stock market witnessed the outflow of 281 billion tomans of real money, which was a decrease compared to the previous day, but in the meantime, income funds recorded the inflow of 366 billion tomans of real money, which shows an increase compared to the previous day.
Read more reports on the stock news page.