Which stock groups are likely to overtake the Nima dollar exchange rate from Azad / Borjam?
According to Tejarat News, the stock market is still based on a negative circuit. The total stock index ended its work today with 4180 negative units. However, the initial slowdown in the market slowed down slightly with the growth of the banking and automobile groups.
Salman Nasirzadeh, a stock market expert, said: “The stock market had less negative excitement today and the overall index suffered less decline.” Net transactions were about 2700 billion tomans and money outflow was about 280 billion tomans and less than yesterday. The stock market situation has not stabilized yet and there is not much trust in the stock market by shareholders.
He continued: “There is an emotional decline in the dollar similar to July 1994.” The free dollar exchange rate may continue to fall even below the Nima dollar price. In case of agreements, there is a reduction of the dollar rate up to 25,000 Tomans. This rate is good for the stock market, but in the event of emotional news from Borjam, there is a possibility of a negative impact on the stock market in the short term.
The stock market is currently conservative
Nasirzadeh said: “Currently, companies sensitive to the dollar exchange rate do not have an upward traction like export companies.” There is not much demand in the short term, while prices are very close to valuable prices.
“We have groups that benefit from Borjami news, such as cars, banks, insurance, transportation, and so on,” he said. These groups have the potential for positive fluctuations in the short term.
He added: “The stock market currently has negative fluctuations and conservative behavior and the buyer does not have the purchasing power. The support range for the total stock index is about one million and 280 to one million and 300 thousand units. The stock market is suitable in terms of ratio, corporate performance and prices in most industries.
Nasirzadeh stated: In the meantime, the role of Borjam as a short-term and emotional factor is effective on the stock market. In the long run, by observing the positive effects of Borjam on the stock market economy, this event will also have positive effects.
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