Business And Markets

Small Caps’ Rally Pauses 

Small Caps’ Rally Pauses 
Small Caps’ Rally Pauses 

All market indicators closed trade on Sunday in red with small caps bucking a rising trend of liquidity flowing into large caps. The liquidity flow, however, was not enough to push the main index of Tehran Stock Exchange into the green after several sessions of bear market.  
Despite a noticeable increase in investor interest in large caps, the market cap-weighted TEDPIX lost 4,511.3 points, or 0.32%, on Sunday to end trading at 1,419,059.34.
The equal-weighted index crept into negative territory after two weeks of bullish trend, ending trade 0.27% lower. The index better reflect the performance of small caps stocks.   
About 10.46 billion shares valued at 128.25 trillion rials ($493.3 million) changed hands at TSE for the day.
Derakhshan Tehran Industrial Company incurred the biggest loss among all TSE-listed companies and went down 26.67% to 148,540 rials per share.
Parsian Bank contributed the most to the benchmark's fall, followed by Iran Khodro Company, MAPNA Group and Bandar Abbas Oil Refining Company.
Social Security Investment Company gave the biggest boost to the benchmark index followed by Tamin Petroleum and Petrochemical Investment Company, Nouri Petrochemical Company and Khorasan Steel Company.

IFX Down 0.35%

Iran Fara Bourse main index, IFX, lost 70.26 points or 0.35% to close Sunday trade at 20,003.46.
About 3.64 billion securities valued at 70.91 trillion rials ($272.73m) were traded at the junior exchange for the day.
Minoo Industrial Group Company, Zagros Petrochemical Company, Day Bank and Esfahan Steel Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Shahid Tondgooyan Petrochemical Company, Omid Taban Hour Energy Management Company and Saba Tamin Investment Company.

Add new comment

Read our comment policy before posting your viewpoints