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
About 8.43 billion shares valued at 50.76 trillion rials ($181.3m) changed hands at TSE for the day.
Trading at TSE and junior equities exchange Iran Fara Bourse starts on Saturday and ends Wednesday.
Zar Spring Manufacturing Company was the biggest winner as its shares went up 17.13% to 3,268 rials per share.
Jaber Ebne Hayyan Pharmaceutical Company incurred the biggest loss among all TSE-listed companies and lost 5.99% to 12,250 rials per share.
Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by Khorasan Steel Company, Khouzestan Steel Company and National Iranian Copper Industries Company.
MAPNA Group gave the biggest boost to the benchmark index, followed by the Islamic Republic of Iran Shipping Lines Company, Persian Gulf Petrochemical Industries Company and Esfahan Oil Refining Company.
*** IFX Flat
The main index of Iran Fara Bourse, IFX, closed slightly above the flatline gaining 7.19 points or 0.03% to close Tuesday at 21,321.
About 4.01 billion shares and securities valued at 65.8 trillion rials ($235m) were traded at the junior equities exchange for the day.
Kerman Province Development Investment Company had the highest number of traded shares as 525.64 million of its shares worth 528.11 billion rials ($1.88 million) were traded.
Minoo Industrial Group Company, Iran Cultural Heritage and Tourism Investment Group Company, Hormozgan Steel Company and Melal Credit Institution had the most negative impact on IFX.
Sepehr Saderat Financial Group Investment Company gave the biggest boost to the IFX, followed by Daana Pharmaceutical Company, Omid Taban Hour Energy Management Company and Damavand Power Generation Company.
