Economy, Business And Markets

TEDPIX Snaps 2-Day Winning Streak

TEDPIX Snaps 2-Day Winning StreakTEDPIX Snaps 2-Day Winning Streak

Tehran Stock Exchange’s all-share index lost 199.20 points or 0.25% to end Tuesday trade at 80,037.5. Steel, copper and oil companies dragged down the TEDPIX the most.

Over 2.4 billion shares valued at $1.5 billion were traded. The number of shares traded surged 170% and daily trade value skyrocketed more than 10 times compared to the prior trading day.

Zamyad Auto Manufacturing Company was Tuesday’s market leader as it went up 77.36% to 1,731 rials per share. National Investment Company of Iran took the second rank with a 7.37% rise to 2,053 rials per share.

Mobarakeh Steel Company, Monday’s biggest mover of the benchmark, was the biggest market laggard with -103.5 points, followed by National Iranian Copper Industries Company and Parsian Oil and Gas Development Company with -76.87 and -55.89 points respectively.

Zamyad provided the biggest boost to TEDPIX with 96.03 points. Iran Khodro, Iran’s largest auto manufacturer, and Golgohar Mining and Industrial Company took the next ranks with 73.91 and 59.62 points respectively.

The Price Index shrank 76.20 points or 0.25% to close at 30,604.8. The First Market Index lost 121.10 points or 0.21% to end at 56,501.2. The Second Market Index plummeted 544.50 points or 0.32% to post 172,101.5. The Industry Index was down 38.40 points or 0.06% to settle at 66,786.5. The Free Float Index reached down 59.58 points or 0.07% to register 91,455.80.

The TSE 30 Index retreated 28.90 points or 0.84% to finish at 3,409.5 while the TSE 50 Index dropped 9.60 points or 0.26% to fizzle at 3,255.1.

  IFX Up 0.32%

Iran Fara Bourse’s primary index snapped its losing streak and gained 2.55 points or 0.32% to close Tuesday trade at 804.2.

According to IFB, more than 1.4 billion securities worth $146.6 million were traded, with the number of traded shares more than doubling while daily trade value was down about $30 million compared to Monday.

Tehran Oil Refining Company saw the highest number of shares traded and daily trade value, as 40 million of its shares valued at $5.6 million were transacted.

Middle East Mines and Mineral Industries Development Holding Company and Marun Industrial Company provided the biggest lifts to IFX.

Damavand Power Generation Management Company, Minoo Industrial Company and Niroo Sarmayeh had the highest increase in shares’ value. Tuka Paint Company, Alborz Bulk Investment Company and Arfa Steel Company saw the highest decline.

Etemad Fund, with the transaction of 1.1 million of its shares, registered the highest trade volume among listed exchange-traded funds. Furthermore, 640,000 leasing bonds of RighTel were sold out.