Today’s market analysis / shareholders are concerned about the ambiguity of the automobile approval of the Consolidation Commission
According to Tejarat News, today’s and yesterday’s transactions show that capital market activists have recovered from the negative shock of the Competition Council’s decision. But the ambiguous news that is being communicated by the government has caused the shareholders to continue working with great caution.
Accordingly, the main index of the glass hall faced an increase of 1,556 units, which is equivalent to 0.1% of this index. In this way, the total index at the end of today’s trading was at a height of 1 million 558 thousand units.
The equal weight index also moved in line with the total index and reached the level of 485 thousand 556 units with a decrease of 0.2 percent.
The board of the Tehran Stock Exchange shows today’s volume of transactions at 7.910 billion and the value of transactions at 3.656 billion tomans.
Investigating the ownership statistics of real people indicates the withdrawal of these people’s capital from the stock market. The capital inflow and outflow index reports that 249 billion money has been withdrawn from the stock market.
If the overall growth of the stock market is to be achieved, the inflow of money and the confidence of shareholders to place their capital in the Tehran Stock Exchange is a necessary and important condition for the realization of this goal.
Ambiguity of the approval of the Budget Consolidation Commission 1402 is a factor of shareholders’ caution
It seems that the process of approval of the consolidation commission of the 1402 budget bill has caused the relative caution of the shareholders. In the details of the approval of this parliamentary committee regarding the supply of cars in the commodity exchange, it is stated that the competition council should determine the base price of the products by the cost plus method until the spring of 1402.
Although the method of determining the price using the cost plus method is largely obsolete in the free economy, it is still better than the previous method. It goes without saying that the Competition Council is required to update the price once every three months.
But the thing that has worried the shareholders of the Tehran Stock Exchange about the prospects of the capital market is the other clause of this resolution!
Based on this, 85% of the price difference discovered in the commodity exchange with the base price determined by the Competition Council is supposed to be deposited into the account of the concentration of funds of the Ministry of Interior and the Organization of Municipalities and Villages for the development of public transport within the city.
In the meantime, the question that has arisen in the minds of the capital market activists is whether car manufacturers should pay for the development of intra-city transportation or if these costs are the responsibility of the government?