Bears Reign Over  Equity Market
Economy, Business And Markets

Bears Reign Over Equity Market

Tehran Stock Exchange witnessed a fresh rout on Tuesday with the overall index shedding 454.3 points or 0.7% to end at 64,197.3. This is TEDPIX’s third consecutive day in red.
According to TSE data, the Price Index lost 179.6 points or 0.7% to close at 25,377.9. The First Market Index slipped 320 points or 0.7% to settle at 45,475.5. The Second Market Index was off 982.1 points or 0.71% to 137,403.9. The Industry Index fell 321.6 points or 0.6% to end at 52,960.4. The Free Float Index dropped 635 points or 0.87% to 72,253.1. The TSE 30 Index dipped 18.7 points or 0.66% to 2,834.5 and the TSE 50 Index was down 19.2 points or 0.72% to 2,631.3.
More than 707 million shares changed hands valued at $41.9 million. Trade volume and value were nearly the same as those on Monday.
All indices settled in red and dragged down the benchmark with the Free Float Index weighing most.
More than 81% of listed companies underperformed. Persian Gulf Petrochemical Investment Company with -62.27 points was the biggest laggard followed by Islamic Republic of Iran Shipping Lines and Bank Mellat with -48 and -35 points respectively.
Mobile Telecommunications Company of Iran with 35 points provided the biggest boost to TEDPIX followed by Pardis Petrochemical Company and Telecommunications Company of Iran with 18 and 6 points respectively.

  IFX Tumbles 1.23%
Iran Fara Bourse’s benchmark IFX mirrored TEDPIX’s downbeat performance and slipped 9.08 points or 1.23% to close at 726.8.
More than 134 million securities changed hands in 12,571 transactions valued at close to $14 million.
Iranian Petrochemical Investment Group recorded the highest trade volume and Mapna Group registered the highest daily trade value among listed companies at IFB.
The highest rise in shares’ value was filed for Taknar Copper Company, Northwest Housing Investment Company and Niroo Sarmayeh. Minoo Group, Fanava Company and Railroad Engineering Company saw the highest retreat in value.
Sina Port and Maritime Company, Tehran Oil Refining Company, Isfahan Steel Company, Bank Day and IPIC were on investors’ radar.
The Modern Financial Instrument Market recorded the highest trade volume of listed exchange-traded funds for Ganjineh Ayande Roshan Fund. About 17,650 leasing bonds of RighTel Company were sold out to investors.

Short URL : https://goo.gl/kTegZL
  1. https://goo.gl/TWVU21
  • https://goo.gl/8Heg7f
  • https://goo.gl/dJl39Y
  • https://goo.gl/zxVvik
  • https://goo.gl/Aj0sQc

You can also read ...

Europe May Tap Cryptocurrencies to Shield Iran Against US Sanctions
The European Union may opt for digital currencies in its...
Iran’s net hot-rolled coil consumption was 5.6 million tons in 2017, of which 0.8 million tons were imported.
Russia and Kazakhstan are temporarily stepping back on sales...
Secondary Forex Market: Corruption Loopholes Abound
Two goals set have been set for the recent establishment of...
EU foreign policy chief, Federica Mogherini, hailed the imposition of the blocking statute on Monday as a “consistent step forward”.
As it races to save the Iran nuclear deal, the European Union...
Deputy Economy Minister Defends Gov’t Forex Policy
The government’s policy to allocate dollars and euros to...
Plastic Production Plant Launched in Chabahar
A factory producing different kinds of plastic products was...
Colza Production Exceeds Expectations
The government has purchased more than 300,000 tons of colza...
Hashtgerd Subway Station Construction Underway
Iranian authorities are pushing ahead with construction plans...