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TEDPIX Slips Further

TEDPIX Slips FurtherTEDPIX Slips Further

Tehran Stock Exchange’s main index extended its losing streak on Tuesday by shedding 74.80 points or 0.12% to settle at 62.720.9.

Over 546 million shares valued at more than $40.2 million were transacted to register a 20% drop in daily trade volume and more than 50% retreat in value compared to Monday.

The Price Index dropped 29.10 points or 0.12% to end at 24,422.1. The First Market Index shed 59.50 points or 0.14% to close at 43,272.5. The Second Market Index lost 121.90 points or 0.09% to finish at 170,775.1. The Industry Index retreated 56.80 points or 0.11% to register 52,028.7. The Free Float Index inched down 79.57 points or 0.11% to record 69,232.30. The TSE 30 Index gave up 3.70 points or 0.14% to finish at 2,661.9, and the TSE 50 Index was down 3.10 points or 0.12% to hit 2,555.4.

More than 60% of the listed companies worked against the benchmark. Tamin Oil, Gas and Petrochemical Investment Group with 52.26 points was the biggest market laggard followed by Parsian Oil and Gas Development Company and Ghadir Investment Group with 34.62 and 10.65 points respectively.

Persian Gulf Petrochemical Company with a P/E ratio of 6 and 23.1 points provided the biggest boost to TEDPIX, followed by Mobarakeh Steel Company and Isfahan Oil Refining Company with 15.59 and 14.32 points respectively.

   IFX Slumps

Iran Fara Bourse’s overall index shed 5.19 points or 0.75% to end Tuesday trade at 690.26 points.

According to IFB, over 205 million securities changed hands valued at more than $33.2 million.

Iranian Petrochemical Investment Company filed the highest daily trade volume with 5.5 million shares changing hands.

Alborz Bulk Pharmaceutical Company registered the highest trade value of the day with $803,529 worth of its shares transacted

The highest increase in shares’ value was recorded for Taknar Copper Mine, Minoo Industrial Company, and Mining Industries Development Holding Company.

Shahrood Industrial Company, Yazd Steel Alloy Company and Novin Insurance filed the highest decline in value.

Isfahan Steel Company, Iranian Petrochemical Investment Company, Bank Day, Tehran Oil Refining Company, Lavan Oil Refining Company, Sina Port and Maritime Development Company and Shirvan Sugar Company were on investors’ radar.

Etemad Fund, with the transaction of 7.5 million shares registered the highest trade volume among listed exchange-traded funds. Furthermore, 200,000 participation bonds of Rightel were sold out.

 

Financialtribune.com