After a big slump a session earlier sell-side pressure eased slightly in the Tehran stock market Tuesday amid increase in deals by retail investors.
Posting 1.1% decline a session earlier, the main gauge of Tehran Stock Exchange, TEDPIX, closed a little below the flatline.
The TEDPIX lost 1,122 points or 0.1% on Tuesday to end trade at 1,173,536. Small caps were still under mounting sell-off pressure that has dragged down the TSE’s equal-weighted index by 0.93%.
Value of retail trade increased 19.8% compared to the session earlier to reach 30.35 trillion rials ($130 million). About 4.88 billion shares valued at 32.96 trillion rials ($143.3m) changed hands at TSE for the day.
Ghadir Petrochemical Company was the biggest winner as its shares went up 4.79% to 68,070 rials per share. Azar Refractories Company incurred the biggest loss among all TSE-listed companies and plunged 45.7% to 17,610 rials per share.
Iran Khodro Company contributed the most to the benchmark's fall, followed by Tejarat Bank, Telecommunication Company of Iran and Saipa Automaker Company.
National Iranian Copper Industries Company gave the biggest boost to the benchmark index followed by Chadormalu Mining And Industrial Company, Mines and Metals Development Investment Company and Tamin Petroleum and Petrochemical Investment Company.
IFB Ticks Higher
Iran Fara Bourse main index IFX gained 15.29 points or 0.1% to close Tuesday trade at 17,772.53. About 964.72 million securities valued at 126.37 trillion rials ($549.45m) were traded at the junior exchange for the day.
Shahid Tondgooyan Petrochemical Company, Gohar Zamin Iron Ore Company, Marun Petrochemical Company and Khazar Caspian Wood Industry Company had the most negative impact on IFX.
Middle East Mines and Mineral Industries Development Holding Company gave the biggest boost to IFX, followed by Pasargad Insurance Company, Tabas Parvardeh Coal Company and Sarcheshmeh Copper Investment Company.
