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Code: 52808 Visited: 40 Publish Date: Nov 06 2018 - 12:41
https://goo.gl/PWBi5Q
Capital Market
Sanction Has No Effect on Markets’ Trend
Tehran, Nov. 06 (SENA) - The new round of unjustified, unilateral sanctions by the US was introduced yesterday, 5 November, which has no support from the international community. Capital market experts believe that not only the sanctions are no new concept, but also the markets have already reflected the effect of the new round in share prices. “as share prices project the expected events in the future, the current sanctions are not expected to have any further impact,” Said Homayon Darabi, Fund Manager at Bank Ayandeh.

Tehran, Nov. 06 (SENA) - The new round of unjustified, unilateral sanctions by the US was introduced yesterday, 5 November, which has no support from the international community. Capital market experts believe that not only the sanctions are no new concept, but also the markets have already reflected the effect of the new round in share prices. “as share prices project the expected events in the future, the current sanctions are not expected to have any further impact,” Said Homayon Darabi, Fund Manager at Bank Ayandeh. “Investors have been analyzing with the oil sanctions for a few months now and have considered its role in their trading.”

So what is causing the current turbulence in the markets? Darabi noted that despite the fresh money attracted to the capital market as well as high levels of risks in the alternative investments like gold and currency, the markets still lack liquidity, which is caused by the widespread sell-off by certain institutional investors as well as the abrupt surge in almost all the shares. A look at the overall picture of the economy also reveals that all sectors are on pause until some form of stability is sensed. Darabi also noted the unnecessary overreaction of investors to a number of recent directives by the government.

Nevertheless, the manager underlined that plenty of shares, having robust fundamentals, are still at appealing price levels, and the higher dollar value against Iranian rial will only add to the listed companies’ revenues, which will be reflected in the next round of their financial reports. Having said that, petrochemicals, ferrous metals, mining, and other exporting companies will remain in good standing.

He concluded that the government’s proper actions to tackle sanctions and the decision by the newly-appointed ministers of the economy and industry can further strengthen the markets.

 

 

 

 

 
By: Security and Exchange News Agency (SENA)
 
 
 
 
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