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TSE Marred by Low Trade

TSE Marred by Low TradeTSE Marred by Low Trade

Tehran Stock Exchange saw fresh fluctuations trade on Wednesday with trade volume and value registering close to 40% and 62% retreat compared with Tuesday.

More than 364 million shares changed hands in a sluggish trading day valued at about $27.3 million.

Rock-bottom values have inhibited retail and institutional investors from getting rid of shares to hedge their bets in the coming weeks.

TSE data illustrate that TEDPIX inched up 5.3 points or 0.01% to end at 66,541. The Price Index edged up 2.1 points or 0.01% to close at 26,425.1. The First Market Index ticked up 19.8 points or 0.04% to 47,404.8. The Second Market Index was down 83.3 points or 0.06% to settle at 140,401.7. The Industry Index was up 17.6 points or 0.03% to 54,521.4. The Free Float Index gained 15.7 points or 0.02% to stand at 75,478.6. The TSE 30 Index pulled was up 0.8 points or 0.03% to 2,951.7 and the TSE 50 Index inches up 0.2 point or 0.01% to 2,723.2.

Most of the listed companies pulled down the TEDPIX. Pardis Petrochemical Complex with -23.22 points was the biggest laggard followed by Iran Khodro and Persian Gulf Petrochemical Industry Company with -12.25 and -11.77 points respectively.

National Iranian Industries Company with a PE ratio of 6 and 32.97 points provided the biggest boost to the TSE gauge followed by Islamic Republic Shipping Lines and Parsian Oil and Gas Development Company with 27.24 and 15 points respectively.

Chemical industries, car manufacturers and banks recorded the highest daily trade volume and value among the 39 listed industries at the equity market while printing and publication, transportation and base metals topped daily gainers at TSE.

  IFX Stages Uptick

Iran Fara Bourse overall index IFX notched up 1.69 points or 0.22% to wrap up a seesaw trading day at 777.5.

As IFB reported, more than 66 million securities traded in 13,525 transactions valued at $25.8 million.

Iranian Investment Petrochemical Group with transaction of 10.8 million shares recorded the highest daily trade volume. Iran Cultural Heritage and Tourism Investment Group Company with $977,575 worth of daily trade posted the highest trade value among listed companies at IFB.

The highest rise in shares’ value was registered for Niroo Sarmayeh Company, Minoo Group and Yazd Alloy Steel Company. Marun Petrochemical Company gave the biggest boost to IFX.

The highest trade volume among exchange-traded funds was recorded for Etemad Fund. The Fixed-Income Market witnessed the sale of 200,070 leasing bonds.

Financialtribune.com