Blue Chips Falter, Small Caps Advance

Investors in the Tehran share market approached blue chips and small caps differently on Tuesday. Sell-side pressure pushed the market-weighted benchmark of the Tehran Stock Exchange into negative territory. 
TEDPIX lost 18,432 points, or 1.34% to close at 1,357,108 points. On the opposite side, the equal weighed index closed 0.77% higher. The index gives the same weight to all shares irrespective of their market cap. 
The TSE-30 Index was down 1.8%. It tracks the performance of 30 largest TSE-listed companies in terms of market capitalization. At the close of Tuesday trade, 273 ticker symbols experienced growth representing 54% of the market.