Shades of cars overshadowed by positive performance reports / market frustration with Rial stocks

Khodrocar - The capital market index with a drop of 2,715 units yesterday stood at an altitude of 1,211,766, which part of this decrease can be attributed to the promising report of the Governor of the Central Bank.

Abdul Nasser Hemmati recently presented a report on his recent talks and agreements reached with the representatives of South Korea, Japan, Iraq and Oman on how to use the resources of the Central Bank in these countries. The deadline for Iran to lift the sanctions was, and the Additional Protocol was formally repealed at midnight on March 26th.

The capital market has also experienced a lot of fluctuations in recent days due to the lack of signals from the authorities of the contracting countries. However, Khosapa shares saw a decrease of 600 million in the sales queue due to the positive report presented in terms of sales. The car was also affected by these interesting reports and witnessed the closing of the sales queue, which at the end of the market, the sales queue of Khosapa and the car was completely gathered.

Hamed Madadi, a capital market expert, in an interview with Khodrocar reporter, referring to the unstable situation in the capital market in the last two weeks, said: "In such a situation, cars are no exception to this situation, but at the same time, carmakers' performance reports are published." Interesting stories.
He adds: "Automakers' reports in the recent month show sales growth, so that Saipa Automotive Group has managed to sell 27,000 units, equivalent to 1956 billion tomans, which is a very good number."

Emphasizing that these numbers indicate that automakers are slowly considering selling their inventory, Madadi states: "These good reports will, over time, lead to attention to these stocks, despite all the ups and downs." But the selling pressure in the last three weeks, along with the questioning of JCPOA and the lifting of sanctions by the US President on March 5, has led to some market frustration with rial stocks such as banks and cars. Which increased the supply of shares of these companies in the capital market.

Regarding his forecast of the capital market and also the situation of cars in the last weeks of the year, this capital market expert says: It is predicted that the market will reach equilibrium in the last weeks of the year and from next week, not in an upward but witnessing decline It should be less and the current price floors should be maintained and prices should fluctuate upwards.

Regarding the impact of positive performance reports of automakers on the situation of this group, Madadi also states: It seems that these reports will have a positive impact on the stocks of these companies in the future.