Economy, Business And Markets

TSE Gauge Retreats Further

TSE Gauge Retreats FurtherTSE Gauge Retreats Further

Stocks were swinging between slight gains and losses on Sunday amid a bearish sentiment at the equity market with the overall index extending its pullback to register a third consecutive day in red at the day’s close. TEDPIX lost 53.7 points or 0.09% to end at 61,163.7.

Except for the Second Market Index, other indices settled in red with the First Market Index weighing the most on TEDPIX’s fall.

As TSE reported, the Price Index lost 21 points or 0.09% to reach 23,959.2. The First Market Index was off 94.1 points or 0.22% to stand at 42,374. The Second Market Index gained 199.2 points or 0.15% to close at 136,214.2. The Industry Index inched down 13.7 points or 0.03% to settle at 50,438.5. The Free Float Index was down 133.03 points or 0.2% to end at 67,394.8. The TSE 30 Index was down 1.8 points or 0.07% to close at 2,605.9 and the TSE 50 Index fell 0.8 point or 0.03% to hit 2,498.6.

More than 372 million shares changed hands valued at $23.55 million to record a 6.6% retreat in trade volume and 31% surge in trade value compared to the prior trading day.

Pars Khodro with 39.64 million shares registered the highest daily trade volume. The highest trade value worth $1.77 million was filed for Bandar Abbas Oil Refining Company.

Close to 64% of listed companies failed to outperform and squeezed the benchmark. Bank Saderat with 24.32 points left the most negative impact on TEDPIX, followed by Iran Khodro and Informatics Services Corporation with 21 and 19 points respectively.

Mobarakeh Steel Company with 13.16 million transactions and 29.22 points in positive contribution was the best TSE performer. Tamin Petroleum and Petrochemical Investment Company and Mobile Telecommunications Company of Iran with 20.34 and 18.14 points stood next.

  IFX Loses 0.71%

Iran Fara Bourse’s benchmark also stretched its losing streak for a fifth day with IFX losing 4.7 points or 0.71% to settle at 659.48 on Sunday.

More than 98 million securities changed hands worth $51.89 million, including the newly debuted Pegah Fars Milk Company’s shares, the IFB reported.

The company’s shares were priced at 2,450 rials via IFB’s Secondary Market for the first time and recorded the highest daily trade volume and value.

Afranet Company and Isfahan Steel Company had the highest rise in their shares’ value. Taknar Copper Company and Shirvan Sugar Company saw the highest retreat in value.

Shirvan Sugar Company, Bank Day, Iranian Petrochemical Investment Group, Pardis Housing Investment Company, Sina Port and Maritime Company, Tehran Oil Refining Company as well as Lavan Oil Refining Company were on investors’ radar.

Etemad fund with transactions of 706,300 shares recorded the highest daily trade volume among listed exchange-traded funds at Modern Financial Instruments Market. RighTel Company’s leasing bonds registered the highest trade volume in Fixed-Income Securities Market.