Panguva isingatarisirwe pakave nekushandurwa mumakambani emagetsi. Kubva pakutenga kusvika mukutengesa mumavhiki mashoma. Pamusoro pazvose, apo mamwe emitemo yaro aimiririra aive mu yemahara simuka yehunyanzvi mamiriro. Ndokunge, pasina kuramba pamberi, izvo zvakafanotaura kuti mitengo yavo yaizosvika pamatanho akakwirira zvakanyanya kupfuura iwo aripo. Asi nekushamisika, ichi chinzvimbo chisina kujairika chakanyangarika mukupererwa nezano revadiki vadiki nepakati varimi vakatora zvinzvimbo mune mamwe emasheya aya.
Icho chikonzero chekuchinja uku mukufunga ndechekuti Kiredhiti Suisse yakadzikisa iyo Kurudziro yaNaturgy, Iberdrola naEndesa zvichitevera chikumbiro cheNational Markets uye Competition Commission (CNMC), iyo inofunga kuti pavhareji yakatemwa ye17,8% yekuparadzira uye 21,8% yekutakura gasi. Icho chisarudzo chakaomarara chinopesana nezvinodiwa nemakambani mune ino yakakosha chikamu cheSpanish equities. Uye izvo zvakaitika kuva imwe yeanonyanya kukurudzira kusvika zvino.
Mune chaiyo kesi yeIberdrola, Chikwereti Suisse yakadzikisa iyo kurudziro yekusarerekera kubva kumusoro musika sezvo ichifunga kuti mukana wepamusoro wezita rayo ishoma. Bhangi rekudyara rinotsanangura mumushumo waro kuti bhizinesi raNaturgy "rinomiririra chinetso" mukati mekuchinja kwesimba razvino, mune ramangwana gasi zvigadzirwa, zvinomiririra 50% yeboka reboka na2020, Dziri kuongororwa uye simba rinowedzerwazve ndiwo manyuko makuru yekukura kwechikamu.
Inowira mumitengo yemagetsi
Kubva zvakaburitswa nezano reNational Markets uye Competition Commission (CNMC), mitengo yezvivimbiso zvakabatana neichi chikamu zvakangowira pamusika wemasheya. Mune zvimwe zviitiko, pasi pechisimba chisina kujairika uye zvishoma zvinozivikanwa mumakore achangopfuura uye izvo zvakatungamira kuchikamu chakakura chevashambadzi vadiki nepakati vaifanira kugadzirisa mapotifolio avo ekudyara. Takatarisana nenjodzi chaiyo iyo zvikamu zvavo zvinoramba zvichidzikira mumisika yemari zvizvarwa. Kusvika padanho rekuti purofiti dzese dzakagadzirwa kusvika parizvino dzinogona kudyiwa.
Ichiri kune rimwe divi, zvinofanirwa kucherechedzwa kuti kuchengetedzeka uku pamusika wemasheya weSpanish kuri kutaurwa nezvakakura kubudikidza nemari dzekudyara dzakakosha zvakanyanya pasirese. Seimwe yemhedzisiro yakanyanya kukonzerwa nechirongwa chazvino cheNational Markets uye Competition Commission. Kusvika pakuti mazuva ano kumanikidza kwekutengesa kuri kuiswa nekumwe kujekesa pakutenga zvinzvimbo. Pamatanho asingaonekwe mumwedzi ichangopfuura uko mutengo wezvikamu zvawo wakakonzera kukwira kumusoro kumusoro.
Inokurudzirwa kugadzirisa zvinzvimbo
Kurudziro yevanonyanya kutaurirana zvemari iri pachena panguva ino, kuti vabude munzvimbo dzemakambani emagetsi akanyorwa pamusika wemasheya. Mushure mokunge yaive nemvumo yekuchengeta kana kutenga. Asi kugadziriswa kweNational Commission yeMisika uye Kukwikwidza kwashatirisa zvese. Kusvika pakuti usawone mukana wekukoshesa mune aya maitiro. Kana zvisiri, pane kudaro, ivo vari kutengesa pamutero iwo unofanirwa kukurumidzirwa mumazuva anouya. Kuva rimwe remapoka akanyanya kurangwa nevashambadzi vadiki nepakati, semari yemari yekudyara iyo yatotanga kusavimba izvi zvirevo mumisika yequity.
Iko chete kukosha kwemagetsi kuri kunze kweichi chibvumirano Iberdrola, uye izvo mumaonero evapindiri vezvemari zvichine nzira diki yekumusoro. Nemutengo wakanangwa wepakati pe8,80 euros pagove kubva paiyo ikozvino 8,50. Nekuda kwekusiyana kwakakura mumabhizinesi ayo mitsara uye izvo zvinonyanya kukonzerwa nekuzvipira kwayo kwakajeka kune simba rinowedzerwazve. Mupfungwa iyi, iwo mazano kubva kuvashandisi vezvemari ndeyekugadzirisa kunogona kukurudzira zvimwe kupfuura zvimwe zvekutenga kunopera kwegore. Kuve izvo zvinoshandiswa zvinonyanya kufarirwa nevanoongorora mumisika yequity.
Maitiro ekutora nemagetsi
Chero zvazvingaitika, chikamu chemagetsi chinofanirwa kusiiwa nevashambadzi vadiki nepakati. Zvirinani zvenguva uye kupihwa izvo zvinogona kuitika nemitengo iyi mumwedzi inotevera. Mupfungwa iyi, kune zvimwe zvakateedzana zvezvikamu zvemasheya zvinoita kunge zvinokwezva kuvhura nzvimbo nekuratidzira kukoshesa kwakakwirira kugona. Imwe yeakanyanya kukosha ndeye kubhengi nekuti yakadzikira nehukuru hwakanyanya mumwedzi ichangopfuura. Uye ratidza mitengo mukotesheni yavo zvakanyanya kusimba kuti mari ichengetedze.
Imwe yemabheji akanakisa anochinja mu Banco Santander, sekureba sekuumbwa kwemitengo yayo kuchiri pamatanho ari pamusoro pe4 euros pamugove. Ndichiri kune rimwe divi, rumwe ruzivo rwunoratidza kuti kukosha kwesangano iri rezvemari kwakaenzana neiro mamwe mabhanga. Ndokunge, inogona kukudziridza hunhu huri nani pane mune zvimwe zviitiko. Nechekutarisa-kwenguva refu pa6 euros uye inogona kunge iri nhanho yakanaka yekubuda munzvimbo dzavo, kunyangwe izvi uchifanira kumirira mwedzi yakawanda uye haina kuitiswa mugore rino razvino. Chero zvazviri, iko kukosha kunofanirwa kutarisirwa mune chero hupfumi hweseti.
Enagás yakaipisisa pane dzose
Ehezve, dhata rakakosha pane dzese nderekuti kambani yegesi ndiyo yakagadzira hunhu hwakaipisisa mumisika yekutengesa zvinhu mushure mekugadziriswa kweNational Markets uye Competition Commission. Nekusiya zvinopfuura makumi maviri kubva muzana zveongororo yako munzira pamusika wemasheya uye uchiziva kuti inogona kuramba ichidonha mumwedzi inotevera mushure mekutengesa kwakasimba maitiro apaza. Kusvika padanho rekuti zvikamu zvaro zviri kutotengesa pazasi pematanho makumi maviri emadhora pamugove. Chimwe chinhu chisingafungidzike mwedzi mishoma yapfuura uye icho chinokukoka iwe kuti usavhure zvinzvimbo mune imwe yeanopisa masheya panguva ino.
Nepo kune rumwe rutivi, hazvigone kukanganwika kuti kune atove mazwi akanyanya kugona anonongedzera kuEnagás haizokwanise kuchengeta izvo zvazvino kubva muna 2021. Pachokwadi kubhadharwa kwezvikamu zvaro pasina mubvunzo kwaive chimwe chezvinhu zvikuru zvekutora chinzvimbo mukambani ino chakabatana nekushandisa gasi. Kunyangwe iri zvakare ichokwadi chaizvo kuti mitengo yavo parizvino yakakwikwidza zvakanyanya kupfuura nakare uye kuti vanogona kuyedza kupfuura vatengesi vashoma nepakati kuti vatore zvinzvimbo mukukosha kuti kuchengetedza kwavo kubatsirike nezvivimbiso zvikuru zvekubudirira.
Chero zvazvingava, iri chikamu chisingachanakirwe nezvinodiwa nemisika yezvemari, sezvazvakaita pakatanga gore. Kana zvisiri, asi izvo zvinopesana, uye inguva yekuongorora kana zvichinyatsonaka kutora njodzi mune izvi zviitiko. Kana, pane zvinopesana, enda kune mamwe matunhu anoratidza kuwedzera kukwira maitiro uye netariro yakakura yekudzokororazve, zvirinani munguva pfupi nepakati. Ichave sarudzo inofanirwa kutorwa zvakadzikama nekuti mari zhinji iri panjodzi kubva zvino zvichienda mberi. Kunyangwe iine shanduko mune zvinoitika mumisika yemari inogona kuomesa kutengeserana mumusika wemasheya muchikamu chekupedzisira cheichi chiitiko chakaomarara.
Inguva yekutengesa here?
Kana zvasvika pakuverenga huwandu hunokwanisika kubva kune yega yega stock exchange transaction, hatifanirwe chete kutsvaga mutsauko uripakati pemutengo wekutenga nemutengo wekutengesa, asi isu tinofanirwa zvakare kuwedzera iyo komisheni mitengo iyo yega yekutengesa masheya ine, pamwe ne iyo yekuchengetwa uye, chokwadika, iyo huwandu hwakatemerwa kuHaimari, ne18%. Kuwedzera iwo ese - anomiririra pakati pe 0,40% ne 1,60% yemari yakachengetwa- zvinokwanisika kuona mhindu yechokwadi yekudyara, iyo muzviitiko mune iyo capital capital inowanikwa zvishoma Zvinogona kunge zvisingakwanise kudzikamisa zvinoitika zvemakomisheni nemitero. Ichi chinhu icho vatengesi vevatengesi vanofanirwa kukoshesa.
Uku kunofanirwa kuve kuvhiya kunofanira kuitwa nevatengesi vese usati wafunga kutengesa kana kumirira kuti mabhenefiti ave makuru. Pane kupesana, kana zviwanikwa zvemari zvihombe, zvishoma zvichave zvinokanganisa izvi zviyero. Saizvozvowo, iyo yakakwira mari yakaiswa mari- kunyangwe paine kuwedzera kwemakomisheni- iyo yepazasi ichave mhedzisiro yayo kumaakaundi ekupedzisira pabasa rega rega rakaitwa. Nechikonzero ichi, zvinokurudzirwa kusarudza imwe yezvakawanda zvinopihwa nemabhangi nemabhangi ekuchengetedza kuti zvishande pamusika wemasheya, izvo mune dzimwe nguva zvinogona kumiririra kusvika pa5% kana 15% dhisikaundi.