گرجی آرا

Yesterday the record of withdrawal of wealth from the fixed income funds was broken; this occurrence is claimed to be positive and hope-giving in the current condition of the stock market.

Tehran, Feb.14 (SENA) – Manager of assemblies and stock affairs of Hezardastan Holding, in an interview with SENA, announced the foresaid and the return of the real persons and their ovation to the market and cited: Referring to the current prices of the stocks, the present condition of the market can be an appropriate opportunity for the upcoming year.

Why Were the Legal Persons Selling?

Mohammad Gorji Ara uttered: Some legal entities assigned some resources to the market in the descending conditions to support the market and were trying to keep the minimum liquidity in the market by purchasing to have the market in an acceptable situation.

He continued: The legal persons that purchased in the bear market, have seen the current condition appropriate to release their resources by selling stocks to support the market again. Therefore, the offerings from the legal entities are not unfavorable and there is nothing wrong with them if they do it in the right time, in right volume and the right place.

Ovation Reasons

Gorji Ara declared: Ovation to the market has several reasons but before anything else, it depends on the value of the companies. As the market experienced a huge price drop, currently, many stocks have attractive prices to purchase and invest in.

This Capital Market expert added: The second reason is about the political conditions. It also seems that the Dollar Exchange rate is not going to continue its descending flow and has an increasing shield for the next six months, and this caused the exit of some people from the market. Their expectations from the inflation of the market were decreased and with the increment of these expectations, the returned to the market and started buying stocks.

The manager of assemblies and stock affairs noted that technically, the returning point of the market was sort of suitable and the market is generally adequate to invest in.

As Gorji Ara stated, currently, some fine firms can be fundamentally found which have by July 2021, have a pleasant benefit and with the perspective of the upcoming year, have proper advantaging conditions.

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