After consecutive rallies led by large caps and blue chips, investors now appear to be leaning towards small caps that were largely sluggish in previous sessions.
While there was a general upbeat mode in the Tehran share market on Monday, the equal-weighted index of Tehran Stock Exchange outpaced TEDPIX, the TSE’s market cap weighted benchmark.
TEDPIX gained 10,842.74 points, or 0.87%, to close trade at 1,254,561.75. The TSE’s equal-weighted index climbed close to 1.2%, recording the highest daily growth since Feb. 13.
About 6.71 billion shares valued at 49.87 trillion rials ($199.5 million) changed hands at TSE on Monday. Khavar Spring Manufacturer Company was the biggest winner as its shares went up 10% to 5,720 rials per share.
Fars Chemical Industries Company incurred the biggest loss among all TSE-listed companies and went down 25.54% to 2,085 rials per share.
Social Security Investment Company contributed the most to the benchmark's fall, followed by Nouri Petrochemical Company, Fars Chemical Industries Company and Kerman Province Saham Edalat Investment Company.
Tamin Petroleum and Petrochemical Investment Company gave the biggest boost to the benchmark index, followed by Esfahan Oil Refining Company, National Iranian Copper Industries Company and Pardis Petrochemical Company.
IFB Up 0.52%
Iran Fara Bourse main index, IFX, gained 94.66 points or near 0.52% to close Monday trade at 18,210.77.
About 2.04 billion shares and securities valued at 148.98 trillion rials ($595.93m) were traded at the junior exchange for the day.
Arya Sasol Polymer Company, Kowsar Insurance Company, Asia Seir Aras Company and Mapna Asaluyeh Power Generation Company had the most negative impact on IFX.
Shahid Tondgooyan Petrochemical Company gave the biggest boost to IFX, followed by Marun Petrochemical Company, Mehr Ayandegan Financial Development Group Company and Iran Cultural Heritage and Tourism Investment Group Company.
