Tehran’s share market rallied on Monday extending a winning streak into the third session amid increasing participation of retail investors and fresh liquidity.
The main index of Tehran Stock Exchange, TEDPIX, strengthened above 1.3 million points, gaining 20,324 points or 1.54% to end trade at 1,342,922.34.
As seen in the past few sessions, the rally was headed by large caps, including majority of the commodity stocks with auto and bank stocks lagging behind.
The TSE’s equal-weighted index gained 0.84%, better reflecting the performance of small caps and penny stocks.
Registering consecutive recent growth, retail trade jumped 15% on Monday to reach 58.2 trillion rials ($224 million).
Data indicate infusion of fresh money into the bourse with the market experiencing net capital inflow by retail investors for three sessions in a row.
At the close of session, 343 tickers gained and prices of 137 others fell, representing 28% of the total active tickers.
About 10.02 billion shares valued at 70.12 trillion rials ($269m) changed hands at TSE for the day.
Social Security Investment Company contributed the most to the benchmark's fall, followed by Islamic Republic of Iran Shipping Lines Company, Iran Khodro Company and Tejarat Bank.
Golgohar Mining and Industrial Company gave the biggest boost to the benchmark index followed by Parsian Oil and Gas Development Group Company, Tamin Petroleum and Petrochemical Investment Company and Ghadir Investment Company.
IFX Gains 1.7%
Iran Fara Bourse main index, IFX, gained 306.21 points or 1.72% to close Monday trade at 18,098. About 5.22 billion shares and securities worth 1,738.4 trillion rials ($6.68 billion) were traded at the junior exchange for the day.
Minoo Industrial Group Company, Kimyagaran Emrooz Chemical Industries Company, Vitana Company and Iran Fara Bourse had the most negative impact on IFX.
Arya Sasol Polymer Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Bahman Diesel Company and Shahid Tondgooyan Petrochemical Company.
