Turquoise market report Bargaining in the market for prices!
The overall index reached the middle resistance of its uptrend channel and gave back more than 95% of the initial gain in Sunday's (Nov 8) trade. Fars and Fold offset part of the negative impact of 33 thousand units and the index remained green. In this range, the ability to overcome the resistance can be measured according to the scope of the demand. The more shares the purchase reaches and continues until the end of trading, the more supportive the index movement is.
One of the events of the week was the news about the increase in the interbank interest rate. The interbank interest rate increased by almost 10% and the repurchase rate floor also increased by 9%. This means that banks pay more interest to each other for short-term loans, and the floor of the money supply rate from the central bank also increases.
In the leveraged sector, while the price was around the mid-channel resistance, 34.5 billion silver tomans were recorded. This flow shows that some buyers, at the same time as the index retreated from the daily high, still wanted to take a leveraged position.
For Pemley, as a symbol with a very large market capitalization, in addition to the return that the buyer wants from the stock, the estimate of just the profit is also sensitive to the cathode selling rate. London copper fell 3.4% in one week, however, according to the company report, almost 90% of Mehr Femlem's sales were domestic. If the increase in the base rate or the competition of buyers in the commodity exchange partially compensates for the drop in copper, its effect on the company's real sales will be more limited.
The difference in the behavior of Femli and steel also shows why the composition of the basket is important in the group of metals. Mesgun, which was traded at more than 56 billion tomans, provides an opportunity to invest in a portfolio of basic metals companies, each of which has different profitability drivers.
In WebMalt the cost of money and interest rate changes are directly related to the bank's profitability. In the first half of the year Bank Melat earned 19.8 MET from deposits in banks and the interbank market. If the bank is the provider of resources in the financial market, raising the interest rate can increase the income of this sector.
In order to assess the final impact on the bank's profit, it is necessary to see how quickly the return on facilities and other assets increases compared to the cost of resources.