The prediction of the stock exchange/government did not fulfill its promises!

According to Tejarat News, the total index of the stock market today, Tuesday, July 21, experienced a drop of 4,63 units and reached the range of 1,483,000 units.

In a conversation with TejaratNews, Boroz Haqshanas, a capital market expert, said: “The discussion of the index is not the right criterion for us. Today, the government spokesman said that the market has grown so much with the rapid stability of the index.” An indicator is a show for men to show that the market is good, when it is not. The discussion of the index is important because it is only for them to be able to show the market number in the range they want and give a good report to the superiors.

He continued: Also today, the government spokesperson said that the capital market situation is good. Because 10% has grown since the beginning of the new government, if this is not the case, the current situation of the market is not good and this is clear to everyone. On the other hand, they can also change the index numbers.

This capital market expert stated: Today, the value of market transactions reached 2800 billion tomans and the situation is terrible. The value of transactions compared to the market value has reached its historical bottom and reached the bottom of 2013. Liquidity does not come in this direction, because many factors on the market, including the state of commodities, bank interest rates, the discussion of handing over the commodity exchange to the Ministry of Security, the block of automobiles that the government has put into operation since March, make the market trend negative.

Referring to the value of transactions, Haqshana said: for the stock market to grow, the value of transactions must reach over five thousand billion tomans. On the other hand, the demand side in the market should be strengthened. In this case, if there is a growth, we can hope for the continuation of this process.

Do you continue investing in the stock market?

He continued: The replacement value of the capital market is very attractive compared to other markets. But the market does not care about it at the current time. When the market sells a stock like steel with a P/E close to 4, that means it no longer trusts the government, it doesn’t trust that this profit making is going to be repeated.

This capital market expert emphasized: Mr. Raisi’s government acted contrary to its promises. Now we have nothing to do with the promise, it is the law and they do not act. According to the 11-point resolution that has become law since the beginning of 1401, you are obliged to keep the average interbank interest rate at 20%, now it is at 21%. My question now is, is the central bank going to keep this number under 20% for 4 months of the year so that the average becomes 20%? The market values ​​these.

He continued: You have had an 11-point resolution, when you criticize each of its clauses, what do you want the market to do, to maintain investor confidence. You want the money to come this way. The discussion of the market is for the index and the organization, the organization is also trying its best, in this situation, when a plan is proposed in the parliament, they will take the remaining 10% of the power of the commodity exchange from the ministries of economy, silence the ministries, how do you want the market to be? to behave The viewpoint of the Ministries of Silence is against the Commodity Exchange. These components must be fixed, so that if they are fixed, we can hope for the future of the market. If it is not fixed, only the market will move with inflation, and other markets must move again, the market will go behind them.