Stock Market Struggles With Capital Outflow

Tehran’s share market again saw nervous investors trying to sell and exit the market in the last trading week that ended on Wednesday.  
Net capital outflow by retail investors reached 22.37 trillion rials ($74 million) in the week – up 302% on the session before. 
The benchmark of Tehran Stock Exchange, TEDPIX, shed more than 30,400 points during the week and dropped 1.9% to stand at 1,564,487 points. 
Referring to technical analysis and chart patterns, share market experts say the TEDPIX was prone to retreatment after failing to impress above the strong resistance level of 1.6 million points.
The TSE equal-weighted index lost more than 1.3%, reflecting the weak performance of small-sized listed companies. 
In light of the bearish mode, signs of recession emerged in the share market as the role of retail traders declined.  
Retail trade dropped 20% on a weekly basis. Average daily trade fell from 74.86 trillion rials ($249 million) a day in the preceding week to 59.52 trillion rials ($198 million) last week.  
Market experts say participation of retail investors in the market must improve if the market wants to pick up.