Economy, Business And Markets

TSE Gauge Gains 28.3% Over Past Year

TSE Gauge Gains 28.3% Over Past YearTSE Gauge Gains 28.3% Over Past Year

Tehran Stock Exchange’s main index TEDPIX surged 17688.1 points or 28.3% during the current Iranian year (ending March 19) to close at 80,219.1.

Nearly 170 billion shares valued at $9.8 billion were traded during the one-year period, indicating a 45% increase in the number of shares traded and an increase of about $300 million in annual trade value compared to the previous year.

Iran Fara Bourse’s main index IFX advanced 85.11 points or 11.9% to close the year at 805.61.

According to IFB data, about 25 billion securities valued at $2.08 billion changed hands. The number of shares traded jumped 80% compared to the prior trading year, while annual trade value jumped $1.01 billion.

Furthermore, TSE’s total value stood at $101.8 billion by the yearend, while IFB’s market cap stood at $17.1 billion.

  Wednesday Report

TEDPIX advanced 181.60 points or 0.23% to finish Wednesday trade at 80,219.1. Auto manufacturing and electricity companies were the main force behind the benchmark’s growth.

However, more than 65% of the companies listed at TSE recorded losses for the day, with textile and mining companies posting the biggest drawbacks.

Over 3.1 billion shares valued at $217 million changed hands, with the number of shares traded rising to 800 million. Daily trade value, however, shrank ninefold compared to Tuesday.

Sherkat Kontorsazi Iran was the day’s biggest riser as it went up 244.66% to 72,637 rials per share. Saipa Azin Company followed, as it grew 109.3% to 1,507 rials per share.

Saipa, the second largest Iranian auto manufacturer with a P/E ratio of 9, provided the biggest boost to TEDPIX by 619.4 points, followed by Sherkat Knotorsazi Iran and Ghadir Investment Company with 233.4 and 60.49 points respectively.

Persian Gulf Petrochemical Industries Company was the biggest market laggard with -162.95 points, followed by Tamin Oil, Gas and Petrochemical Investment Company and MAPNA Group with -94.5 and -86.6 points respectively.

The Price Index gained 69.10 points or 0.23% to post 30,511. The First Market Index added 502.20 points or 0.89% to register 57,003.4. The Second Market Index plummeted 1,823.40 points or 1.06% to register 170,268.6. The Industry Index advanced 207.10 points or 0.31% to hit 66,993.6. The Free Float Index surged 1,100.76 points or 1.20% to reach 92,556.60. The TSE 30 Index slipped 28.70 points or 0.84% to record 3,380.8 while the TSE 50 Index shed 0.70 points or 0.02% to reach 3,254.4.

Meanwhile, the IFX gathered 1.41 points or 0.18% to settle Wednesday trade at 805.61.

Over 823 million securities valued at $126 million were traded, with the number of shares traded and daily trade value retreating more than 500 million and $20 million compared to the prior trading day respectively.

Iranian Petrochemical Investment Group recorded the highest number of shares traded, as 56.2 million of its shares changed hands.

Furthermore, $31.7 million of Damavand Power Generation Management Company’s shares were traded to record the highest daily trade value.

Tehran Oil Refining Company, Bank Day and Tehran Housing Investment Company were also on investors’ radar.

Sobhan Pharmaceutical Company, Saina Company and Kosar Credit Institution had the highest increase in shares’ value, while Minoo Industrial Company, Esfahan Steel Company and Tuka Paint Company experienced the highest decline.

Etemad Fund, with the transaction of 37.4 million of its shares worth $13.4 million, registered the highest trade volume and value among listed exchange-traded funds.

Furthermore, 320,000 leasing bonds of RighTel valued at $9.5 million were sold out.