Tehran’s share market on Sunday experienced its second biggest loss in six months as investors forayed to sell in the middle of the trading session.
The benchmark of Tehran Stock Exchange, TEDPIX, lost the critical 1.5 million level and plunged 40,466.94 points, falling 2.64% and retreating to at 1,489,994.
The sell-off swept across the board, dragging down the TSE-30 Index by 3.16% and causing the TSE’s equal-weighted index to plunge 2.87%, marking the biggest daily loss for the equal-weighted index in six months.
TSE-30 Index tracks the performance of top 30 publically traded companies in terms of market cap while the equal-weighted better reflects the performance of penny stocks.
Prices of 445 tickers dropped representing 92% of the total tickers and only 41 tickers ended the day in positive territory.
Net capital outflow by retail investors gained pace reaching 14.6 trillion rials ($54 million), up 243% compared with the previous session.
About 7.9 billion shares valued at 65.22 trillion rials ($241.5m) changed hands at TSE for the day. Sepahan Industrial Group Company was the biggest winner as its shares went up 8.95% to 24,590 rials per share.
Persian Gulf International Transportation Company incurred the biggest loss among all TSE-listed companies and went down 6.93% to 4,351 rials per share.
Golgohar Mining and Industrial Company contributed the most to the benchmark's fall, followed by National Iranian Copper Industries Company, Mobarakeh Steel Company and Social Security Investment Company.
Iran Mercantile Exchange gave the biggest boost to the benchmark index followed by Iran Aluminium Company, Opal Kani Pars Mining and Processing Company and Darou Pakhsh Pharmaceutical Manufacturing Company.
IFX Down 1.8%
Iran Fara Bourse main index, IFX, lost 406.25 points or 1.78% to close Sunday trade at 22,404.9.About 2.14 billion securities valued at 94 trillion rials ($348.1m) were traded at the junior exchange for the day.
Day Bank had the highest number of traded shares as 461.1 million of its shares worth 553.85 billion rials ($2m) were traded.
Vitana Company was the biggest IFB’s loser as its shares plunged 6.23% to reach 8,560 rials per share.
Arya Sasol Polymer Company, Zagros Petrochemical Company, Gohar Zamin Iron Ore Company and Hormozgan Steel Company had the most negative impact on IFX.
Iran Fara Bourse gave the biggest boost to IFX, followed by Sirjan Jahan Steel Complex, Pasargad Insurance Company and Tukarail Company.
