News and Views
- Today, the Securities and Exchange Organization of Iran will host the first joint workshop between SEO and the Korea Exchange Ltd, aiming at exchanging knowledge, experience and technology. In this one-day workshop, officials from both parties will discuss issues, including derivatives and hedging strategies as well as IT infrastructures.
- After the total number of the automobile purchase loan surpassed 110,000, Iran’s Central Bank, in a notice, has asked the automobile industry officials not to accept any new applications since their loan capacity has reached its limit. The CBI has also announced that this limit will not be raised due to its probable negative macroeconomic impact.
- Ravan Fanavar Engineering Corporation released its Q2 financials for the FY ending 19 March 2016. Holding USD 0.28 mn in capital, the company made USD 1.43 mn from sales. The subtraction of SGA costs and the addition of other operating revenues resulted in USD 0.27 mn in gross profit and USD 0.15 operating profit. Finally, the company gained USD 0.07 mn net income after financial costs and tax, leading to a USD 0.01 EPS.
- Possessing USD 7.66 mn in capital, Hegmatan Sugar Company released its financial statements for the FY ending 22 September 2015. The company made USD 24.44 mn from sales, leading to USD 4.43 mn in gross profit and USD 3.84 mn in operating profit after costs and operating revenues. The company managed to make USD 2.70 mn in net income, recognizing a USD 0.01 EPS.
In the Market
Today’s trading session started under circumstances where major sectors were still facing ambiguities and liquidity crisis while small sectors had attracted speculators’ attention. According to statistics, trading value and volume faced a 15% hike, compared to the day before; although the Banking and Automotive sectors were the highest volume traded sectors, it was the indices of Publishing, Medical Equipment and Other Financial Intermediaries sectors which experienced the most growth.
Tickers in the Other Financial Intermediaries sector were positively traded; despite experiencing a decline as the automobile purchase loan plan was started, this sector has faced a price hike now that the plan has met its limit. Experts believe that leasing companies can now change their target customer group by making changes in the amount and structure of the loans to use the potentials in other parts of the market as well as reducing the negative consequences of the economic growth package effect.
In the Chemicals sector, the Polyacryl Company was still on top of the sector and after trading 19 million shares, it ended with a buy queue; as has been said, despite its unhealthy fundamentals, this share has attracted speculators’ attention due to its capital raise plan based on its fixed assets revaluation.
The economic growth package could not move the Automotive sector and its major symbols faced sell queues. It seems that the market is afraid of the Q3 financial reports and acts cautiously.
Finally, in the Metals sector, the US dollar appreciation can mobilize the sector; most tickers have negatively adjusted their predicted EPSs due to domestic and international slowdown. At the end of today’s trading session, Esfahan Mobarakeh Steel Company experienced high volume trades and Esfahan Steel Company also was traded positively due to its capital raise plan.
TSE at a Glance[caption id="attachment_5128" align="aligncenter" width="901"] TSE at a Glance[/caption]
Summary of Trades[caption id="attachment_5129" align="aligncenter" width="895"] Summary of Trades[/caption]
TSE Top 10 Stocks[caption id="attachment_5130" align="aligncenter" width="926"] TSE Top 10 Stocks[/caption]
TSE Major Sectors’ Daily Performance[caption id="attachment_5131" align="aligncenter" width="639"] TSE Major Sectors’ Daily Performance[/caption]
Trading Halts and Reopenings[caption id="attachment_5132" align="aligncenter" width="880"] Trading Halts and Reopenings[/caption]
IFB at a Glance[caption id="attachment_5133" align="aligncenter" width="895"] IFB at a Glance[/caption]
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