Iran Weekly Market Review The week ended 10 June 2016

Transcription

1 Iran Weekly Market Review The week ended 10 June 2016 Bank melli iran brokerage co. Address: No.2, Rafee St, 4th ST.,KhaledEslamoli Ave. Tehran, Iran Site: Tel: SMS:

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3 Weekly Market Review 10 June 2016 Bank Melli Iran Brokerage Co. as a private joint-stock company with a capital of million rials was established in March 2002 in Tehran. Increasing in trading volume and development of tradable instruments in capital market on one hand and the development of brokerage services on the other hand would cause its board of directors to raise the capital to 350 billion rials. Bank Melli Iran Brokeragee Co. is providing brokerage services in securities markets, OTC markets, Mercantile Exchange, Energy Exchange, futures contract trading and online trading Bank Melli Iran Brokerage Co. has a powerful advisory and professional trader teams servicing institutional and retail investors. These teams are supported by an experienced equities research team that develops high quality analysis on the market trends. Bank Melli Iran Brokeragee Company regards the human capital as the main capital of the company and in order to continuously improve its methods and managerial system, tries to equip its staff with the best and modern technical knowledge, so attempts to hire efficient experts, and funds on-the-job-training programs to update the personnel with the most recent techniques and knowledge. We have different types of client such as leading public and private corporations, public organizations, entrepreneurs and high-net-worth individuals. However, no matter whom the clients are, our people feel extremely proud of delivering innovative solutions tailored to their business to meet our clients needs due to the fact that it is Bank Melli Iran Brokerage Company s core principle to see every transaction as a relationship with people we serve without whom we are nothing. Thus, we come to work with a passion to help and strive to create the best outcomes. We are intended to provide weekly market review report. This report has provided in 5 parts. The first part is included securities market. Part 2 is included commodities and their prices. Part 3 has focuses on futures contracts market. Part 4 is deals with the events that were important last week and had impact on the securities market and the last part is included the most important economic news. 3

4 Part 1: Market Watch (Stock Market) Trading Value in details (Million Rials) Daily Basis Trade Value Closing Price Percentage of weekly return Naft Iran Bond 2,330,400 1,010, Mosharekat Midk 1,606,083 1,006, Maroon Perto. 1,396,500 35, Samen Credit Co. 556,453 1,000 0 Shiraz Municipal 501,520 1,000, Oragh Folad Co. 500,000 1,000,000 0 Omid Taban Hoor 407,068 1, Parsian Oil & Gas 344,465 2,

5 Impact On Index (Weekly Basis) Positive Impact Negative Impact Khodro Mellat Bank Saipa Mobarakeh 59.9 Shiraz Petr Chadormalu Hamrah Khalij Fars Weekly Changes in Index Maximum Minimum Index Variation Percentage of TEDPIX 76, , Industry Index 63, , First Market Index Second Market Index 53, ,003 52, ,

6 Market Messages Auction: Description Auction reopening opening Ghandi Cables, Mazandaran Cem, Iran Carton, Alborz Daroo, Sina Lab, Shahroud Cement, Soufian Cement, Fars Cement, Pars Minoo, Fanavaran Petr, Dasht Morghab, Iran Kh. A. M-R, Bank Melli Inv-R, Motorsazan, Magsal Agri, Bama, Doroud Cement, Loabiran, Dashtestan Ce, Exir Pharm, Bafgh Mining, Chin Chin, Tuka Trans, Shiraz Petr, Fars Cement, Pars Carton Reopening/Opening: pening: Iran Carton, Daroupakhash I, Sina Lab, Shahroud Cement, Soufian Cement, Fars Cement, Pars Minoo, Iran Zinc Mines, Mobin Petr, Shomal Cement, Mazandaran andaran Cem, Iran Kh. A. M-R, Bank Melli Inv-R, Ghandi Cables, Fanavaran Petr, Dasht Morghab, Alborz Daroo, Aloomrad, Motorsazan, Magsal Agri, Bama, Doroud Cement, Loabiran, Dashtestan Ce, Exir Pharm, Bafgh Mining, Chin Chin, Glass and Gas, B.A Palayesh, Paksho, Kerman Tire, Iran Auto-Parts, Razak Lab, Kh. Pegah Dairy, Halted Symbols B.A Palayesh, Fars Chem. Ind, Shirin Khorasan, Iran Kh. Inv, Chimidarou, Iran Refract, Amirkabir Steel, Techinco, NiroCholor-R, Saba Noor-R Weekly performance of Tosse'e Melli Mutual Fund the beginning of the week the end of the week % of Net Asset Value(IRR) Issuance Price Per Unit of Investment(IRR) Redemption Price per Unit of Investment(IRR) The Number of Investment Units to Investors 65,436,049, , ,698 68,785 64,392,955, , ,080 67,

7 Weekly performance of Bank Melli Iran Mutual fund the beginning of the end of the the week week Net Asset Value(IRR) 144,727,454, ,628,923,369 %of 0.62 Issuance Price Per Unit of Investment(IRR) 18,362,291 18,471, Redemption Price per Unit of Investment(IRR) The Number of Investment nt Units to Investors 18,061,582 8,103 18,174,083 8, Weekly performance of ZOBAHAN Mutual fund the beginning of the end of the the week week Net Asset Value(IRR) Issuance Price Per Unit of Investment(IRR) Redemption Price per Unit of Investment(IRR) 46,252,914,024 1,700,360 1,673,465 46,511,567,284 1,714,791 1,688,138 %of The Number of Investment nt Units to Investors 27,639 27, Price Changes Top Advancers Top Decliners Shiraz Petr Azarab Indust Iran Packing Sadid Group Tabas Company Ardebil Omran T

8 Weekly Shareholders Changes Sell ( Million rials) Individual investors legal entity buy ( Million rials) Individual investors legal entity 650, , , , Part 2: Market Watch (Commodity Market) Weekly Changes in Commodities Prices Commodities the beginning of the week the end of the week % of gold 1, , steel copper 4,696 4,508-4 nickel 8,411 8, aluminum 1,536 1, zinc 1,987 2, lead 1,727 1, Brent Oil ($/bbl) Natural gas ($/MMBtu)

9 Part 3: Market Watch (Derivatives Market) Weekly Trading Statistics of Derivatives Market Traded Value (IRR) Number of Open Interests Number of Traded Contracts 4,629,874,850,000 85,394 2,299 Weekly Trading Statistics of Derivatives Market Bid Price % of Ask price % of (average) (average) Settlement Price (average) %of GCTR95 10,156, ,211, ,183, GCSH95 10,259, ,310, ,284, GCAB95 10,364, ,411, ,394, GCDY95 10,509, ,567, ,535, GCES95 10,684, ,744, ,711, * Percentage of is based on weekly. 9

10 Part 4: Market News By near the end of spring, the average yields of traders basket indicate the loss of 5.4 percent. Whilst by the lunch of Ramadan the market will face with a lack of liquidity and lack of motivation. So the overall index of Tehran Stock Exchange fell 284 points equivalent to 0.3 percent. These days, Tehran stock Exchange shows the recession of the economy and it is as the mirror of the economy. By the increasing the selling pressure on the market, so many individual traders do not buy or sell any more. Last week, the metal products manufacturing group had a 12.8% return in the working week running to June 8, ranking first among all groups operating in the Tehran Stock Exchange, according to a recent report. The weekly market report, which reviews the performance of the TSE, Iran Fara Bourse, 17 global ex, and world prices of basic metals and oil, indicated that wooden products group shrank by 10.9%, the sharpest decline among the groups. Among the companies listed in the TSE, Machinsazi Arak gained the most (19.7%) and Kaveh Paper Industries lost the most (minus 14.6%). The IFX or the main index of the over the counter market rose by 0.3%. The price of gold bullion also increased by 0.8%, the official parity rate of the US dollar rose by 0.8%, and the official parity rate of the euro hiked by 3.2%. Also, the volume and value of transactions in the TSE fell by 22% and 19%, respectively, compared to a week before. The auto industry alone had a 36% share of the total transactions in the market. Banks and credit institutions were the second industry which had the most transactions, holding 10% share of the market share. During the review week, the value of ETFs fell, with Sepehr Andishe Novin shrinking the least (0.4%). NAV of the funds also declined in the week. The only fund whose NAV remained unchanged was Padash. Last week, Shiraz Petr. was the biggest riser, as its shares went up percent. Azarab Indust was the biggest loser with its shares plummeting percent. Khodro o and Saipa provided the biggest boost to the benchmark with 105 points. Shiraz Petr and Hamrah came next with 47 and 41 points respectively. In contrast, Mellat Bank and Mobarakeh provided the biggest decline of overall index with the drop of 101 points. 10

11 Part 5: Economic News - Iran Mercantile Exchange Ranks 2nd among Mideast Commodity Ex; Managing Director of the Iran Mercantilee Exchange (IME) announced that the IME has ranked second comparing to the other commodity ex in the region in terms of trading volume and value. "The second rank of the IME in the region is a national glory for all officials and economic activists who paved the way for the IME's progress over last few years, and IRAN will be able to bolster the IME both domestically and internationally. - Iran Mercantile Exchange Weekly Trade Reaches $169mln; The Iran Mercantile Exchange (IME) announced that around $169mln of various commodities weighting over 347,529 tons were traded in its domestic trading and exports halls in the past working week. The IME said that over 239,041 tons of various oil and petrochemical products, including 131,763 tons of bitumen, 53,210 tons of polymer products, 62,870 tons of VB, 15,000 tons of lube cut-oil, 21,517 tons of chemical products, 7,080 tons of sulfur, 600 tons of insulation, 10 tons of argon and 1,000 tons of slaps waxes with the total value of $114mln were traded in its domestic and exports halls during the last week. - Bandar Abbas Refinery to Boost Output; Iran is to boost the gasoline output of Bandar Abbas Refinery by September 2016 as the refinery 11

12 will launch a new gasoline production plant by then, an official said. Deputy managingg director of the National Iranian Oil Refining and Distribution Company (NIORDC), said the gasoline production and continuous catalytic regeneration (CCR) units of the refinery will be launched by late September. He said all the required machinery and equipment for installation of the units have been purchased and are being installed at their designed spot. - Iran s annual gas output rises 5.7%, BP says; Iran produced billion cubic meters (bcm) of natural gas in 2015, up 5.7 percent from 182 bcm in 2014, British Petroleum reported in its June 2016 Statistical Review of World Energy. Natural gas output in Iran also witnessed rise in 2014 from bcm in 2013, according to the BP s report. Meanwhile, the country maintained its rank as the third natural gas producer in the world after the U.S. and Russia for the second consecutive year. - Iran s automobile, auto part imports up 5% in 2 months; Iran s imports of automobiles and auto parts have risen over five percent during the first two months of the current Iranian calendar year compared to the same period last year. According to the report released by Iran s Customs Administration, during the first two months of this year $ million worth of automobiles and auto parts have been imported into the country which shows a 5.46 percent rise compared to the $ million of the same period last year. 12

13 - Iran s GDP growth forecast for 2016 drops to 4.4%: World Bank; The World Bank cut its forecast of Iran s gross domestic product (GDP) growth for 2016 to 4.4 percent, the organization said in an update to its January 2016 Global Economic Prospects report. In the January report, the World Bank had forecasted Iran s GDP will grow by 5.8 percent in 2016 and by 6.7 percent in The report said Iran s economy expanded by 1.9 percent in It is while in its June 2015 report, the bank had predicted a 1 percent GDP growth for the country in 2015 and a 2 percent GDP growth in