Economy, Business And Markets

TEDPIX Downtrend Continues

TEDPIX Downtrend ContinuesTEDPIX Downtrend Continues

Tehran Stock Exchange’s main index TEDPIX gave up 153.10 points or 0.19% to close Tuesday trade at 80,109.3. Auto manufacturing companies and banks were the main laggards behind the benchmark.

Over 56% of the listed companies posted losses for the day, with ceramics and cement companies on top of all.

More than 1.1 billion shares valued at $80.6 million changed hands, which shows a decline of about $6 million compared to Monday.

Shargh Cement Company showed the most downbeat performance, as it lost 7.60% to 1,313 rials per share. Ardakan Industrial Ceramics Company was the day’s main winner, as its shares went up 5% to 49,483 rials each.

Iran Khodro weighed the most on TEDPX with -60.28 points, followed by SAIPA and Bank Mellat with -54.6 and -49.13 points respectively.

With 74.85 points, MAPNA Group provided the biggest boost to the benchmark. Persian Gulf Petrochemical Industries Company and Iran Mobile Telecommunications Company came next with 56.78 and 48.02 points respectively.

The Price Index lost 58.20 points or 19% to close at 30,458.7.

The First Market Index shed 178.10 points or 0.31% to reach 56,370.6. The Second Market Index gained 88 points or 0.05% to post 173,336. The Industry Index inched up 5 points or 0.01% to register 66,730.5. The Free Float Index wiped 508.19 points or 0.55% to settle at 92,998.50. The TSE 30 Index withdrew 9.70 points or 0.29% to hit 3,331.5 while the TSE 50 Index was down 4.30 points or 0.13% to finish at 3,223.7.

  IFB Daily Trade Up 250%

Iran Fara Bourse’s primary index IFX inched down 1.24 points or 0.15% to stop at 804.14.

Over 502 million securities valued at $83 million changed hands. The number of shares traded and daily trade value jumped by more than 250% compared to Monday.

Ballast Company recorded the highest number of shares traded, as 45 million of its shares changed hands. Gostaresh va Tejarat Sarmayeh Iranian Company filed the highest daily trade value, with $2.6 million worth of its shares transacted.

Niroo Sarmayeh Company, Ravan Fanavar Company and Saman Insurance Company showed the highest increase in share prices. Afranet Company and Sabzevar Cement Company posted the highest declines.

More than 31 million securities worth $1.8 million changed hands in the First Market. The Second Market witnessed the trading of 159 million securities valued at $12.4 million.

Kosar Fund, with the transaction of 772,000 of its shares, registered the highest trade volume among listed exchange-traded funds.