Today’s market analysis / Does Khandouzi’s support package work for the capital market?

According to Tejarat News, today’s stock market transactions were a reminder of the bright days of the market, which rarely happened in the market after August 2019; Accordingly, the main index of the glass hall faced an increase of 65 thousand and 153 units, which is equivalent to 4.1% of this index. At the end of today’s trading, the total index stood at the level of 1,659,000 units.

The equal weight index behaved in line with the total index but with less strength and reached the level of 507 thousand 74 units with an increase of 2.8 percent.

The board of Tehran Stock Exchange shows today’s trading volume of 19 billion 110 million shares and the value of transactions is 9 thousand 923 billion tomans.

The beginning of the currency and gold exchange center from today

The currency and gold exchange center started working today, and in the first discovery of the currency exchange center, the price of dollar bills was 41 thousand 549 tomans and the price of dollar remittance was 36 thousand 130 tomans.

With this account, based on today’s price discovery, stock exchange companies were able to offer their currencies 26% higher than the Nima system. This incident has a direct effect on the profits of the companies, and for this reason, the wave of demand in these two days has caused an increase of more than 120 thousand points in the total index.

New support package for the capital market

On the sidelines of today’s press conference of the Ministry of Economy and Finance, Khandozi announced a new package to support the country’s listed industries. Khandozi expressed his hope that this package will be announced within the next few days and said: We hope that this package will be a step towards increasing the profitability of stock market industries in the coming year.

Currently, the market is still in a positive atmosphere with the news of the removal of the Farzin dollar and the release of companies from the obligation to sell their currency at the rate of 28,500 tomans, and it should be seen what the market’s reaction to this support package will be in the coming days.

Are cars left on the market?

While the majority of the capital market traded in very good conditions today, the symbols “Car” and “Khasapa” engaged in neutral trading and underperformed the market as a whole. Meanwhile, at the beginning of the transactions, a queue of 600 million was formed in the symbol “car”.

But the reason should be found in the derivatives market. where the auto symbol option contracts will expire on March 3. Because of this, the supply in this symbol intensified, and in the market where 165 symbols were in the queue for purchase, the cars gained a maximum yield of 2%.

The highest and lowest productivity of industries

At the end of today’s trading in the capital market, the basic metallurgical, coal mining and drilling groups gave their shareholders the highest returns of 6.7%, 6.2% and 5.3%, respectively.

On the other hand, on the day when the weight of negative returns of industries was less than the positive side of the market, the group of commodity funds, computer products and industrial contracting had the biggest negative returns with 5.3%, 3.11% and 3.03% respectively.

The outflow of money from fixed income funds intensified

In today’s balanced capital market, after chemical products with 177 billion tomans, basic metals accounted for the largest amount of money, amounting to 134 billion and 300 million tomans.

After that, the group of automobiles and parts manufacturing, industrial multi-disciplines, oil products and stock funds have the highest inflows of money with 132 billion 500 million, 67 billion 900 million, 35 billion 200 million and 26 billion 100 million, respectively. They had other industries.

On the other hand, the interesting thing about today’s market was that the largest outflow of money in the market was from fixed income funds, which was equivalent to 650 billion Tomans. This statistic shows the strength of demand in the capital market.

After that, commodity, insurance and cement funds had the highest outflow of money among the industries with amounts of 126 billion and 800 million, 74 billion and 700 million, 48 billion tomans respectively.

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