A wave of selloff swept across Tehran’s share market on Monday breaking a long winning streak as prices of most stocks went into a correction zone after the bullish run.
The benchmark of Tehran Stock Exchange, TEDPIX, bucked a five-day rising trend and shed 12,904 points or 0.83%, retreating to 1,540,137.
The TSE’s equal-weighted index fell close to 0.6% for the day after ending in positive territory for 15 straight sessions. The latter index better tracks the performance of small caps.
With retail traders queued on the sell side, value of retail trade rose 1% to reach 68.21 trillion rials ($243 million). Net capital outflow by retail investors was 4.49 trillion rials ($16 m) on Monday.
About 15.88 billion shares valued at 70.98 trillion rials ($253.5m) changed hands at TSE for the day.
Zar Macaron Industrial Group Company was the biggest winner as its shares went up 11.44% to 12,080 rials per share.
Pars Minoo Industrial Company incurred the biggest loss among all TSE-listed companies and went down 5.59% to 2,671 rials per share.
Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Bandar Abbas Oil Refining Company, Social Security Investment Company and Tehran Oil Refining Company.
Tabriz Oil Refining Company gave the biggest boost to the benchmark index followed by Mobin Energy Persian Gulf Company, Jam Petrochemical Company and Persian Gulf Fajr Energy Company.
IFX Down 0.5%
Iran Fara Bourse main index, IFX, lost 107.58 points or 0.51 % to close Monday trade at 21,095.
About 5.9 billion shares and securities valued at 1,733.61 trillion rials ($6.19 billion) were traded at the junior exchange for the day.
Khorramdareh Plain Agriculture and Industry Complex ranked first as the company with the highest growth among all IFB-listed companies with 5.91% rise to reach 20,800 rials per share.
Arya Sasol Polymer Company, Minoo Industrial Group Company, Iran Fara Bourse and Shahid Tondgooyan Petrochemical Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Zagros Petrochemical Company, Saba Tamin Investment Company and Damavand Power Generation Company.
