The government’s decisions caused capital to withdraw from the stock market – Tejaratnews
According to Tejarat News, Mohsen Alizadeh; The supervisory member of the parliament in the Supreme Council of the Stock Exchange said: “Maybe not all the members of the parliament are aware of the issues related to the capital market, but we do our best to ensure that the decisions of the parliament are in sync with the capital market.”
He added: Some decisions were made by the government, which led to the withdrawal of capital from the stock market. For example, the issue of feed rates, which the parliament is pursuing.
Alizadeh added: The stock exchange organization has made suggestions regarding the 7th development plan. We hope that with the decisions made by the parliament and other institutions, we will witness a stable market with reasonable profitability.
The notification of the Ministry of Security regarding the prohibition of the purchase of foreign currency by automobile manufacturers from the Nima market caused the sellers of automobile stocks to appear boldly today. This caused most car symbols to become negative today.
The stock market closed today in such a way that the overall index slowed down the speed of the previous day’s decline. In this way, the main index of the glass hall faced a drop of 1,711 units, which is equivalent to 0.09% of this index. Based on this, the total index stood at the level of 1 million and 987 thousand units at the end of today’s trading.
The balance index also moved with the total index command. In this way, the index of small and medium-sized companies of the market could not increase its height and reached the level of 691 thousand 818 units with a decrease of 0.29 percent.
It should be noted that the Tehran Stock Exchange board shows today’s trading volume of seven billion and 900 million shares and the value of retail transactions (shares, preemptive rights and mutual funds) of four thousand and 532 billion tomans.
Entry and exit of real money
Investigating the ownership statistics of real people today indicates the withdrawal of real people’s capital from the stock market. The capital inflow and outflow index at the end of today’s stock exchange reports the outflow of 90 billion tomans from shares, preemptive rights and mutual funds.
The highest transaction value
During today’s trading, the three shares of Shiran, Khozamiya and Khagstar recorded the highest trading value, and the shares of Di, Khodro and Khasapa recorded the highest volume of trading, respectively. Also, the share of Fars also got the highest market value.
Valsanam gained the highest yield of the day with an increase of 6.99%. On the other hand, Netrin recorded the worst performance with a 5.4% drop in today’s market.
Capital market experts believe that the stock market has faced a decline these days due to various reasons, and the most important reason for this is “decreasing the level of trust in the policy maker”.
The publication of the 12-month financial statements of car manufacturers, the margins related to the increase in the feed rate of petrochemicals and industrial gas fuel, along with the drop in the dollar price, as well as the global drop in commodity prices and the loss of trust in the policy maker in the stock market, have been among the issues that led to the fall of the stock market. It has been in the past weeks.
If we consider the increase in the feed rate of petrochemicals as the most important factors of the stock market, it must be said that this increase in the rate currently causes the profitability of many petrochemicals to decrease and even make them unprofitable. transfer to profitable industries, and this outflow of capital from the petrochemical and refining industries, which have a great impact on the market as a whole, has caused a negative atmosphere to spread to the entire market and a drop in stock prices.
Source: Ibna