Withdrawal of one thousand and 670 billion tomans from the stock exchange during 5 trading days / Why does positive news not affect the market?
According to Tejarat News, Kourosh Asayesh, a capital market expert, said: “The capital market trend was also declining this week.” Confidence in the capital market has been eroded for some time, and on the other hand, the promises of the Minister of Economy and the Governor of the Central Bank, including a reduction in interbank interest rates, have been fulfilled contrary to their claims.
Withdrawal of about one thousand billion tomans in 5 trading days
“Currently, there is no practical solution to support the capital market, and most analysts have nothing to say,” he said. The overall index fell by about 3.8 percent, the equities index by 4.3 percent and the OTC index by 3.8 percent.
The capital market expert said: “During this week, we witnessed the withdrawal of real people’s money from the market relatively every day, and we witnessed the departure of 1,670 billion tomans of real people’s money from the market.”
Asayesh said: “The industries were not in a good situation this week and only some of the single shares were positive news and the capital increase was upward.”
The capital market expert said: “The market had a green start every day, but as the sales pressure continued to increase in the market, the overall index closed with a negative.” Also this week, we were waiting for the revision of car pricing and the leader of the car industry in the capital market, which did not happen and the market was accompanied by sales pressure.
Asayesh said that last week, with the release of the South African krona news, global markets became negative and the capital market was affected along with the decline of global markets and went through a downward trend.
Vahid Ghasemi, a capital market expert, said: “This week, the capital market continued to decline under the influence of the Borjam negotiations, and the overall index ended with a 4% decline and the equities index ended with a 5% decline.”
Lack of influence of the capital market from positive news
“The capital market usually reacts positively to the growth of the dollar,” Ghasemi said. This week, the stock market was indifferent to the increase in the dollar rate and continued its erosive trend.
He said: the value of transactions reached a worrying figure of 3 thousand billion tomans and it seems that many activists and investors still intend to remain market watchers. Of course, the investors who were in the role of traders in the market this week, under the influence of the start of Barjami negotiations and hoping for its conclusion due to the decrease in the dollar exchange rate from the middle of the week, instead of the dollar industry, turned to the rial industry.
Ghasemi said: “This week we had 1,300 billion tomans of liquidity outflow, which has increased almost three times compared to the same period last week.”
Officials’ indifference to the stock market
Alireza Tajbar, a capital market expert, said: “The intensity of distrust and the outflow of liquidity in the capital market is such that good news, such as rising global prices, has no effect on the capital market, but negative news has a profound effect on the capital market.”
“Right now, capital market managers have not won the trust of investors, and many of the financial institutions that influence the capital market are changing management, or the new managers that have entered are not yet in control of the system that has made our market,” he said. It is not the main concern of the officials at the moment.
“At present, there is no progress in the capital market,” said the capital market expert. Leading industries should be commodity-oriented and export-oriented industries with 2-3 days luck, but despite the increase in world prices and the dollar exchange rate, we do not see a bubble in these industries due to power outages in winter and many other factors.
Source: Young Journalist Club