The end of today’s stock exchange / the fragile growth of the market due to the government’s insistence on increasing the feed rate of petrochemicals
According to Tejarat News, the Tehran Stock Exchange started working with the increase in demand for shares in the pre-opening and the start of trading, following the strong demand trend of the previous day. However, this trend changed in the middle of the trading period when the news of the rejection of the Ministry of Economy’s proposal to amend the feed rate approval was published.
Yesterday, the support orientation of the economic committee of the parliament for the market simultaneously with the words of the Minister of Economy, Ehsan Khandozi, about pursuing the amendment of the feed rate approval for petrochemicals, caused the market to charge. However, today the government spokesperson announced that this proposal was rejected!
From the moment this news was published at 11 am today, the number of buying queues decreased and the number of selling queues increased. Also, the entry of real money into the market decreased and increased into fixed income funds. On the other hand, some petrochemical symbols that were positive at the beginning of the day went to the negative side of the fluctuation range.
Examining the chart of today’s transactions also indicates that after the publication of this news, the upward direction of the total and equal weight indices has decreased.
It should be mentioned that today Ali Bahadri Jahormi, the spokesperson of the government, said about the feed rate of petrochemicals: This rate was determined according to the 1401 and 1402 budgets. He added: “According to the targeting law, the rate of energy resources and its consumption is known.”
The government spokesperson added: Every year, the parliament predicts resources and expenses; Last year, the parliament demanded from the government not to increase the price of gas, and this year, in the 1402 budget, it had predicted the realization of income, and the government should move towards its realization. These resources are used for subsidies.
He stated: The rate of feed for petrochemicals was predicted in this regard, and the opinions of the relevant institutions were obtained and a regulation was approved, and the government does not intend to change it.
Bahadri Jahormi said: The Ministry of Economy had made a proposal for the 7th plan to have the feed rate of petrochemicals with a formula for the future. This proposal was not approved by the members of the economic commission of the government and was removed from the agenda.
Performance of indicators
Today, the total index of Tehran Stock Exchange went up 16 thousand 661 points and stood at 2 million 16 thousand 382 units with a growth of 0.83%. The equal weight index also grew by 9 thousand 357 points equivalent to 1.33% and reached the level of 712 thousand 539 points.
The free-floating indices of the first market and the second market experienced growth of 0.64%, 0.62% and 1.07%, respectively. Today, the total over-the-counter index increased by 269 points and reached 26,656 points with an increase of 1.02%.
The influence of symbols
Today, Shasta, Tapiko, Hekshti, Webmelet, Shepdis, Boali and Pars symbols had the most positive impact on the total index. At the same time, the symbols of Shahr, Shasta, Khagstar, Webmelet, Shabriz, Petrol and Shetran were the most traded stock symbols.
Today, the symbols of Khavar, Hormuz, Shegoya, Aria, Ghosino, Saveh and Damavand had the most positive impact on the total OTC index. At the same time, Nyan, Zafjar, Ketaseh, Kerman, Khavar, Day and Valmas were the most traded over-the-counter symbols.
The volume and value of retail transactions
Today, the volume of shares, preemptive rights and stock funds transactions reached 9.9 billion shares, which was a decrease of 1.3 billion shares compared to the previous day! At the same time, the value of retail transactions was at the level of 6,904 billion tomans, which experienced a slight increase compared to yesterday.
However, today 73.9 billion tomans of real money was withdrawn from shares, pre-emptive rights and equity funds, which showed that the shareholders recognized the opportunity to exit. Fixed income funds also faced the arrival of 100 billion Tomans of real money today, which indicates the doubts and doubts of the shareholders regarding the continuation of the upward trend of the market.
Read more reports on the capital market page.