The index correction is over / Why did the brokerages reject the stock market?

According to Tejarat News, today the capital market was accompanied by the growth of the total stock index and the index was in the range of 1,412,000 units with 27,000 positive units. The homogeneous index today was accompanied by the growth of the total index with six thousand growth units and was in the range of 421 thousand units. Market indexers also have a better trend today than last week, and Foolad, Famli and Fars had the most positive impact on the overall index. But what is the experts’ analysis of the market?

Javad Fallahian, a capital market expert, told Tejaratnews about the current situation of the stock market: “Usually in the last week of September and March, the stock market faces selling pressure due to the publication of brokerage financial statements, and this was one of the reasons for the negative market last week.”

He added that the release of six-month reports of companies in some industries such as petrochemicals (urea, ammonia and metals) shows significant growth, and companies operating in the minerals and mining sector are likely to publish significant reports and affect the market. Put themselves. Also, the correction of the index has been technically completed, and this shows that the market situation is relatively positive in the fall.

Fallahian says brokerages were one of the reasons that played an important role in creating a negative market atmosphere. He explained: “Brokers publish the loans they receive in their financial statements, in other words, they announce to the banks that the received loans and receivables are receivable, and for this reason, they force their customers to sell their shares, which is due to pressure.” Sales in the market are increasing. Of course, these credits will be returned to the customers’ accounts as soon as they are paid.

Fallahian says about the changes in the dollar exchange rate and its impact on the capital market: The dollar has been in the range of 26 to 27 thousand tomans for a few days and it seems that it is currently fluctuating in the same channel.

In another section, the market expert said: “Last week, the Minister of Economy opposed the increase in bank interest rates, but the current problem is that the election of the head of the Central Bank is in doubt and this issue has not determined the final decision on the exchange rate.”

Fallahian says: “Despite the negative atmosphere that was formed in the market in recent days, but we did not see the formation of a heavy sales queue in the market and transactions in the sales queues were done by legal entities, and this shows low market excitement and high market rationality.” gone.

In another section, he added: “Of course, last week, the sale of bonds by banks was somewhat effective in negativeizing the market.” Of course, there are more positive factors than negative ones in the fall, and we expect a positive market.

“Accelerating vaccinations and curbing the excitement of the Crohn’s waves could reduce the ambiguity and threat to businesses, and that will help the stock market,” he said. The whole stock index is technically in the resistance of 1.6 million units, and if it crosses this range, it seems to return to the previous price ceiling.

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