Small Caps Extend Gains

Penny stocks added to previous gains at the close of trading week on Wednesday while large cap shares continued to tread water. 
Amid increase in prices of small caps, the equal-weighted index climbed 1.76%, reaching 468,508 -- the highest in four months. The index better reflects the performance of shares in small listed companies. 
This is while the main index of Tehran Stock Exchange, TEDPIX closed a little above the flatline to gain 0.2%, indicating investors' aversion to large caps. The market-cap weighted TEDPIX added 2,946 points to close at 1,447, 915.