Tomorrow’s stock market forecast / how will the capital market change now?
According to Tejarat News, today’s transactions on August 9 marked a drop of 17,355 points in the total stock market index. In this way, the total index faced a decrease of 1.2% and recorded the number of 1 million 423 thousand units. The equal weight index also continued to retreat today. This index reached 379 thousand 975 points with a drop of 7241 points, equivalent to 1.9%.
Iman Raisi, an expert on financial markets, said in a conversation with Tejarat News: “How long has it been since the stock market is in the red?” If we count the yield of individual shares in the new government, the market has fallen more. On the other hand, today Fars and Foulad symbols were able to keep the index. On the other hand, they say that the index is positive and we have a stable stock market.
Raisi said: the market will probably react to the strong support of cars. I expect some stocks to grow if the normal market trend returns.
He continued: In fact, the stock market is not paid attention to, and the smallest excuse causes the capital market to become negative. The market remains like a person who has been beaten so much in the boxing ring that he falls with the slightest blow. Interest rates, bank interest and the like had an impact on the market in the past. But the market did not react to it.
Will the conditions of the stock market change?
This capital market expert stated: In the past, when these conditions occurred for the capital market; He went to the head of the organization and changed it to change the conditions. But this is not the case now. People of the stock market do not want the stock market to be the government’s priority, we say that the stock market is a fair and transparent indicator of the economy. In a way, we say that the stock market is the thermometer of the country’s economy.
Referring to the automobile manufacturers, Raeesi said: There are talks about the supply of car manufacturers’ blocks, which were also discussed in the assembly, but they say that these are personal opinions. Is it possible for the legal officer to give a personal opinion?
This capital market expert believes that those who came in 2019 are ready to exit the stock market at any price.
Finally, he emphasized: The shock that can turn the capital market is the valuation of car manufacturers. That is, we have seen that neither the quarterly report of the refiners nor the good report of the refiners can change the state of the market and the only hope is for the valuation of the car manufacturers.
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