Economy, Business And Markets

TEDPIX Ends Flat in Slow Monday Trade

TEDPIX Ends Flat in Slow Monday TradeTEDPIX Ends Flat in Slow Monday Trade

Tehran Stock Exchange’s all-share index TEDPIX inched down 18.30 points or 0.02% to settle Monday trade at 80,262.4. Petrochemical, steel and auto manufacturing companies weighed most on the benchmark.

Modest gains by 46% of the market, led by food and ceramic companies, were mostly cancelled out by losses from auto, oil and cement companies, resulting in a flat day for the TSE benchmark.

According to TSE data, over 1.2 billion shares valued at $86.3 million were traded, as daily trade value shrank by nearly $20 million compared to Sunday.

Ardakan Industrial Ceramics Company extended its two-day winning streak, with its shares jumping 5% in value to 47,124 rials each.

Iran Khodro was the biggest loser of the day, as its shares dropped 9.24% to 1,769 rials each.

The National Iranian Copper Industries Company gave the biggest lift to the benchmark with 30.17 points. Tamin Oil, Gas and Petrochemical Industries Company and Mines and Metals Development Investment Company came next with 28.22 and 27.43 points respectively.

Persian Gulf Petrochemical Industries Company was the biggest laggard with -61.4 points, followed by Mobarakeh Steel Company and Iran Khodro with -34.75 and -32.97 points respectively.

The Price Index lost 7 points or 0.02% to close at 30,516.9.

The First Market Index advanced 60.30 points or 0.11% to reach 56,548.7.

The Second Market Index wiped 474.50 points or 0.27% to register 173,428.5.

The Industry Index shed 59.80 points or 0.09% to settle at 66,725.5.

The Free Float Index was down 16.38 points or 0.02% to post 92,516.70.

The TSE 30 Index gave up 0.20 points or 0.01% to hit 3,341.2 while the TSE 50 Index lost 2.60 points or 0.08% to finish at 2,228.

  IFX Down 0.28%

Iran Fara Bourse’s main index IFX shed 2.27 points or 0.28% to end at 802.9.

More than 206 million securities valued at $32.8 million changed hands. The number of shares traded and the daily trade value dropped by over 20 million and $40 million compared to Sunday.

Esfahan Steel Company maintained its winning momentum and recorded the highest number of shares traded and daily trade value, as 19.9 million of its shares valued at $1.5 million changed hands.

Ravan Fanavar Company, Gostaresh Tejarat and Sarmayeh Iranian and Niroo Sarmayeh Company had the highest increase in shares’ value. Esfahan Steel Company, Gostaresh Sarmayehgozari Iranian Company and Bahman Leasing Company posted the highest losses.

More than 35 million securities valued at $1.8 million were traded in the First Market, with Sabzevar Cement Company recording the highest number of shares traded.

The Second Market witnessed the trading of 107 million securities valued at $9.1 million.

Etemad Fund, with the transaction of 9.6 million of its shares, registered the highest trade volume amid listed exchange-traded funds.