Business And Markets

TEDPIX Weekly Gain at 5%

TEDPIX Weekly Gain at 5%
TEDPIX Weekly Gain at 5%

Tehran’s share market showed some sign of recovery in the last trading week that ended on Wednesday as retail investors showed renewed interest.
Benchmark of Tehran Stock Exchange, TEDPIX, registered gains in four of the five sessions putting total gains at more than 67,000 points or 5.2%. 
TEDPIX is influenced mainly by price fluctuations in shares of big companies with high market capitalization, comprising petrochemical, metal, refinery, banks and auto companies. 
Shares of most domestic commodity companies gained last week along with a rally in commodity prices across the globe, impacted by the Russia-Ukraine war, which has sent energy, crop and metal prices to multiyear highs. 
As anticipated, small caps and penny stocks lagged behind as the equal-weighted index gained no more than 2.5% in the week.  
The developments buoyed up investor sentiment with retail investors showing a willingness to trade shares unseen in the recent past. 
According to market data published by Eqtesad News website, average retail trade increased from 27.2 trillion rials ($105 million) per day to 47.29 trillion rials ($184m) per day in the week, indicating 74% increase. 
The market saw inflow of fresh liquidity in the week after 14 consecutive weeks of capital outflow by retail investors. Net capital inflow by retail buyers was said to be 1.32 trillion rials.

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