Business And Markets

Sell-off Pressure Eases on Stocks

Sell-off Pressure Eases on Stocks
Sell-off Pressure Eases on Stocks

Sell-side pressure eased a bit Tuesday on stocks after the Tehran share market incurred big losses and huge capital outflow a session earlier. 
The main gauge of Tehran Stock Exchange, TEDPIX, closed at 1,521.39 points or 0.1% lower to end trade at 1,555,689. It lost near 1.6% the day before.
With sell-offs still hitting some small caps and penny stocks, the TSE’s equal-weighted index was down 0.4%. This index gives the same weight to all shares irrespective of their market cap. 
As the session closed 281 tickers gained while 356 dropped, respectively accounting for 44% and 56% of the market share. 
Retail trade fell 26% on the session before to reach 52.96 trillion rials ($176 million).  
Net capital outflow by retail investors was 4.55 trillion rials ($15 million) on Tuesday with shareholders giving up base metal, refinery, auto and chemical stocks  


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