Iran Weekly Market Review The week ended 30 January 2015

Transcription

1 Iran Weekly Market Review The week ended 30 January 2015 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 30 JANUARY 2015 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 Brokerage 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 Brokerage 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) Name Trade Value Closing Price weekly return IranKhodro % I.N.C. Ind % Saderat Bank % Mobarakeh Steel -R % MAPNA %... Tejarat Bank % Azarab Ind % 4

5 Impact On Index Name Positive Impact Name Negative Impact Khalij Fars 112,58 I. N.C.Ind Iran mobil Tele 54 Mobarakeh Iran Tele 38 Iran mobil Tele MellatBank 36 Omid Inv. Mng -33 Weekly Changes in Index Name Maximum Minimum Index Variation Percentage of TEDPIX 65, Industry Index 54, , First Market Index Second Market Index 48, ,430 47, , ,

6 Market Messages Description Auction, reopening opening Opening: PlascokarSaipa, SaipaAzin, I. T. Foundry, Bafgh Mining, Iran Auto- Parts, Alborz Cable, Glass and Gas, Sahand Rubber, Glucosan, Nirou Inv., Shirin Khorasan, Insurance Inv., Mobarakeh-R, Pars Oil-R, Iran Brake L., Technotar,Bojnourd Cement,Khazar Cement, Loabiran,Isfahan Sugar, Saipa Glass, Behnoush Iran, Behnoush Iran-R, AzarabInd, Asia Bime, Iranmerinos, Rayan Saipa, Rayan Saipa-R,IRI Marine Co.,Oil Ind. Inv., Pars Tousheh, Int. Const., Sepahan Group, Ghazvin Sugar, Saba Noor, Sina Tile, Iran Zinc Mines Auction: lamiran,plascokarsaipa, SaipaAzin, I. T. Foundry, Bafgh Mining, Iran Auto-Parts, Alborz Cable, Glass and Gas, Sahand Rubber, Glucosan, Nirou Inv., Shirin Khorasan, Insurance Inv., Mobarakeh-R, Pars Oil-R, Iran Brake L., Technotar,Bojnourd Cement,Khazar Cement,Loabiran,Isfahan Sugar, Saipa Glass, Behnoush Iran Halted Symbols Iran Zinc Mines, Sahand Rubber, Dashtestan Ce.-R, Loghman Pharm., Azar Refract., Shahroud Cement, Iran Board,Parsian- R,ParsianBk,ParsKhodro, Iran Khodro D,HormozganCem.,Kerman Cement,Fars Dev.,Iran-Carton,Iran Yasa Tire-R Behshahr-R Weekly performance of Tosse'e Melli Mutual Fund 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 the beginning of the week the end of the week %of

7 Weekly performance of Bank Melli Iran Mutual fund the beginning of the week the end of the week %of Net Asset Value(IRR) ٥٣١,٥١٥,١٥١,٥٢١ 0.62 Issuance Price Per Unit of Investment(IRR) Redemption Price per Unit of Investment(IRR) The Number of Investment Units to Investors ٥٢,٣٠٥,٥١٢ ٥٢,٥٥١,٥١٥ ٠,١١٥ Weekly performance of ZOBAHAN Mutual fund Net Asset Value(IRR) Issuance Price Per Unit of Investment(IRR) Redemption Price per Unit of Investment(IRR) the beginning of the week the end of the week %of The Number of Investment Units to Investors

8 Weekly Shareholders Changes sell( Million rials) neutral person legal entity buy ( Million rials) neutral person legal entity % 44% 57% 43% Part 2: Market Watch (Commodity Market) Weekly Changes in Commodities Prices Commodities the beginning of the week the end of the week % of gold steel copper nickel aluminum zinc lead Brent Oil($/bbl) Naturalgas($/MMBtu(

9 Part 3: Market Watch (Derivatives Market) Weekly Trading Statistics of Derivatives Market Traded Value (IRR) 3,238,942,850,000 Number of Open Interests Numberof Traded Contracts 930 Weekly Trading Statistics of Derivatives Market Name Bid Price (average) % of Ask price (average) % of Settlement Price (average) %of GCES GCOR94 10,941, ,015, ,983, GCTR94 11,336, ,437, ,409, GCSH94 11,849, ,987, ,950, Part 4: Market News Overall Index dropped 120 points last week. While the free-float index (FFI) rose 130 points. Last week one of the topics covered in media was the 9

10 Part4: Market News Last week Tehran Stock Exchange has experienced a growth of 0.3 percent in overall index after four weeks of decline. Stop drop in oil prices and growth in the global value of base metals has eased concerns about the possibility of an overall decline in the global markets. Thus, it seems that in the next weeks, market will keep its balance but it needs more drivers. Foreign policy (on the nuclear issue) or economic (oil prices, lower interest rates banking, etc.) events will affect the trend of Tehran Stock Exchange. Surveys suggest that there is still uncertainty in the market for a later time. Not very good prospects of global commodities, emerging markets, such as the volatile currency and coin, ambiguity in new target of P/E ratio and the uncertainty in the final result of nuclear negotiations will influence the decision of traders. The P/E ratio is as one of the main criteria used in the valuation of stocks. The adjustment was made over time and prices are falling. Now, after a sharp decline in prices, this key ratio is less than 5 units and negative news is reflected in stock prices. So the market will be looking for incentives to grow. The volume and value of transactions reduced in the previous week. In addition to above fundamental factors, a low trading volume shows that the trend (positive or negative) of market can t to be intense in the near future (in the point of technical). 10

11 Part 5: Economic News -last week the Ownership interest of iron ore mines reduced to 25% form 30%. This decision will increase the profitability of these companies between 5 10 percent next year. - The court of European Union announced that all assets of Tejarat bank will release and barriers to its operations will remove. After announcing this news, the stock price of Tejarat Bank increased. -The central bank s president announced that the reserves of this bank cannot be used for the market While Tehran Stock Exchange suffers from a lack of liquidity. -The Minister of Industry, Mine and Commerce announced that tariffs of steel import will change next year in order to protect domestic producers. - Oil Ministry was authorized to sell 5000 billion toman musharaka. The Board member of the Joint Commission's parliament approved that the oil ministry was allowed to sell 5000 billion toman to invest in oil and gas fields. These bonds will be repaid by the sale of petroleum products. 11