Today’s stock market forecast / 4 new signals for the capital market
According to Tejarat News, the stock market experienced a 0.3% drop yesterday and reached the level of 1.427 thousand units. Today there are several signals for the market and experts believe that the glass hall is experiencing a balanced trend. Accordingly, it is expected that the total index will be somewhat negative on this day.
The repo rate (repurchase agreement) in the open market today decreased to 20%.central bank)
Experts and analysts believe that this reduction in the repo rate is in favor of the capital market and we can expect the growth of the stock market in the long term.
The trend of falling prices in the global steel market continued last week. The price of Iran’s export ingots and slabs has already reached the lowest level in the last one year and eight months.Steel Age)
Some experts believe that the decrease in the price of ingots and slabs can have a negative impact on the capital market in the medium term.
Increasing liquidity in the stock market
In a letter to brokerage companies, the commodity exchange announced the conditions for purchasing steel ingots, including blooms and billets, as well as iron ore pellets and sponge iron.news)
This change in terms of buying steel ingots can bring new liquidity into the capital market.
According to the supply notice published on the website of the Iran Energy Exchange, in the next two weeks we will see new supplies with high volumes from the National Iranian Oil Company. So that on the 10th of August, 240,000 barrels of “white oil” and 30,000 tons of “light naphtha”, on the 12th of August, 70,000 tons of “furnace oil” and on the 19th of August, 262,500 barrels of “diesel” in the international ring. The Iranian Energy Exchange is offered by the National Iranian Oil Company by sea (FOB Persian Gulf).Energy Exchange)
Experts believe that the increase in supply volume will have a positive effect on the liquidity circulation of the capital market and the country’s economy.
Read the latest capital market news on Tejarat News Stock Exchange page.