The Tehran Stock Exchange posted a drop in trade in the third month of the current fiscal year (started March 21), after a rally for a few months.
In 21 sessions, the main index of Tehran Stock Exchange, TEDPIX, lost more than 147,443 points and or 6.35% during the month to June 22 to settle at 2,173,893.
TEDPIX gained more than 213,436 points or 10.89% during the first quarter of the current fiscal year. TSE’s equal weighted index lost 2.48% during the third month but gained 27.49% during the past three months.
About 269 billion shares valued at 2,131 trillion rials ($4.34 billion) changed hands at TSE during the month – down 28.6% in volume and 28% in collective value compared to the month before.
The price index lost 7.12% to end the month at 485,741. The First Market Index was down 8% during the month and the Second Market Index lost 4.31% to reach 4,265,880.
The Industry Index decreased by 7.12% and the Free Float Index registered a monthly decline of 6.18%.
The TSE 30 plunged 7.87% to settle at 127,972. The TSE-30 Index tracks the performance of stocks of the top 30 companies in terms of market capitalization.
Market analysts expect the market to continue on the descending order in the second quarter mainly due to restrictions in large companies’ access to electricity during the ongoing summer season.
