Weekly analysis of the stock market / How much money was taken out of the market? – Tejarat News
According to Tejarat News, the total index of the stock market last week was at 1,611,000 units, and this week it reached 1,557,000 units. In other words, it recorded a 3.3% drop in its record.
Heavy outflow of liquidity from the market
This week we saw a heavy outflow of liquidity from the market. Based on this, on Saturday 1,137 billion tomans, on Sunday 1,924 billion tomans, on Monday 594 billion tomans, on Tuesday 85 billion tomans, and finally on Wednesday 207 billion tomans were withdrawn from the stock market.
The value of stock market transactions reached 30,921 billion tomans this week. So that the value of transactions on Saturday was 6,804 billion tomans, on Sunday 7,112 billion tomans, on Monday 6,493 billion tomans, on Tuesday 5,983 billion tomans and on Wednesday 4,530 billion tomans.
The stock market is affected by the news
This week, many news affected the capital market. The most important news was from the central bank. In the final hours of Monday, the Central Bank notified the banking network of the resolution of the Money and Credit Council regarding the amendment of deposit interest rates and banking facilities in a circular. According to this circular, the interest rate ceiling on account of normal short-term investment deposit was set at five percent, which was reduced by five percent compared to the previous rate ceiling.
Although this news can be considered a positive signal for the capital market, the problem here is that the accumulation of negative news has caused the Tehran Stock Exchange to not react positively to good news. In general, this profit reduction is not bad for the market, but it does not affect the transactions in the current situation.
Except for the interest rate of deposits and bank facilities, the increase and fluctuation of the dollar price and the supply of cars in the stock market also caused the conditions of the stock market to change.
Dollar and Tehran Stock Exchange are always converging. In the current situation, the price of the dollar is determined by order and has a strong fluctuation. This issue has caused us to witness the negative effects of the dollar price on the capital market.
Car supply in the commodity exchange also had many margins. The Competition Council is still seeking to interfere in the supply of cars in the stock market. Maybe the confidence of investors in the stock market will increase by reducing interventions such as the supply of cars in the stock market.