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Blue Chips Falter, Small Caps Advance

Blue Chips Falter, Small Caps Advance  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.  

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