Reduce stock market fever at the end of the year

As we approach the end of the year, the stock market situation becomes more complicated. Sorting in small symbols for sale reached its highest level, followed by a sharp decline in stock liquidity. This situation became more serious following the application of the asymmetric fluctuation range and the determination of a 2% floor in this market; Experts warn against this volume of sales and describe the current situation of the stock market as unsatisfactory. Now, it seems that these conditions, along with the lack of a clear vision of the future, have also disappointed investors who have not yet experienced trading in the stock market to enter the stock market. So that we are witnessing a serious decrease in the issuance of stock exchange codes for direct participation in this market, and the main registrants in the SJAM system are justice shareholders. However, the statistics show that in the total 11 months since 1999, 25 million and 135 thousand new stock exchange codes have been issued and the total number of issued codes has reached 36 million and 800 thousand people. These figures are noticeable when the number of new codes issued last year was 821 thousand codes. Although the increase in advertising for investing in the stock market in the first months of 1999 was a factor for more success in the stock market, but what caused the growth of issued codes in the second half of the year was not the attractiveness of the capital market but the compulsion of justice shareholders. The process has accelerated in the last month and about 95% of the registration statistics in the SJAM system have been allocated to justice shareholders.

The shareholders of justice who became Sajami

In the eleventh month of 1999, 4 million and 360 thousand other justice shareholders registered in the SJAM system. Statistics show that there are currently a total of 46 million justice shareholders, of which 30 million have chosen the indirect method and 16 million have decided to manage their portfolio directly. According to the statistics obtained from the central deposit, 24 million and 360 thousand shareholders of justice have been registered, 8 million of whom already had a stock exchange code and were active in the stock market. In recent months, central depositors have repeatedly stressed the need to consolidate justice shareholders who have chosen the indirect method. It is said that the shareholders of indirect management of justice stocks, who are the same as the shareholders of provincial investment companies, can receive their dividends only by registering the Sheba number in the SJAM and authentication system. At present, 21 million and 600 thousand of the mentioned shareholders have not yet registered in the SJAM system, and with the registration of these people, the total transaction codes will exceed 51 million. 2.6 million justice shareholders are also deceased.

Statistics of legal and foreign exchange codes

In the past month, it was not only real people who applied for the stock exchange code. Statistics show that in February, 3252 new transaction codes were issued for legal applicants and 89 codes were issued for foreign investors. Thus, the total trading codes of foreign investors reached 2,762 people. According to the statistics of the Central Depository Company, the highest number of stock exchange codes issued was related to foreign investors in 1987. This year, the issuance of trading codes for foreign investors has experienced a growth of 66%.

Statistics of code issuance in provinces

Of the 4,600,000 people who applied for the transaction code in February, Khorasan Razavi Province is at the top of the list of transaction code applicants with 500,648 registrants. After that, the capital took second place with 499,482 people. Mazandaran, East Azarbaijan and West Azarbaijan provinces are in the next ranks of the most stock exchange code registrations in the 11th month of the year 1999. At the bottom of the table is Qom province with 22,917 registrants in February.

Risk, opportunity and increase of shareholders

As mentioned, the general success of the capital market and the entry of new people into this market is associated with many risks and opportunities. New entrants to the capital market, meanwhile, are looking for new currencies. As we see traces of this liquidity in daily trading statistics. The entry of different sections of society into the stock market and the capital market is a positive parameter that is both in the interest of the national economy and in accordance with international standards, and evidence of this can be found in most developed countries. In other words, in less developed countries it is seen that people invest in inflationary markets such as currency, gold and similar goods. Therefore, in general, the entry of different sections of society into the capital market should be considered auspicious, but guiding these people requires the right management method, which has not been done so far. In other countries, people usually enter the capital market through intermediaries. These intermediaries are either investment funds or portfolio companies that are managed by brokerages, but unfortunately in Iran, people enter the stock market directly and people get the online code to buy and sell themselves. This allows those with little knowledge of the market and limited analytics to engage in emotional buying and selling. In this way, we see the emotional and mass behaviors of the people in the positive and negative times of the market. Meanwhile, the stock market policymaker should make the most of this opportunity to deepen the stock market. As the “World of Economics” has repeatedly pointed out in its previous reports, the cross-sectional development of the capital market by increasing initial public offerings, increasing the floating stock of companies and facilitating capital raising conditions and diversification of stock market instruments are among the issues that should be considered in the current situation. More to it. In this regard, the design of new stock exchange tools in various fields can create undisputed power for policymakers to be very successful in decision-making.