Economy, Business And Markets

TSE Benchmark Dips Below 80,000 Mark

TSE Benchmark Dips Below 80,000 MarkTSE Benchmark Dips Below 80,000 Mark

Tehran Stock Exchange’s main index TEDPIX lost 521 points or 0.65% to close Wednesday trade at 79,588.3. Auto manufacturing and mining firms were the day’s main laggards behind the benchmark.

About 78% of the listed companies posted losses for the day with automakers, packaging and copper companies on top.

According to TSE data, more than 1.6 billion shares valued at $128.7 million were traded, with daily trade value rising by over $40 million compared to Tuesday.

Iran Carton Company had the highest loss in share value, going down 12.77% to 2,144 rials per share, followed by Iran Khodro Diesel and Azar Refractories Company.

Ardakan Industrial Ceramics Company continued its three-day winning streak, with its shares rising 5% to 2,474 rials each. It was followed by Bama Company and Azerbaijan Development Investment Company.

SAIPA weighed most on TEDPIX with -70.96 points, tailed closely by Golgohar Mining and Industrial Company and Iran Khodro, with -68.97 and -64.80 points respectively.

Iran Mobile Telecommunications Company provided the biggest boost to the benchmark with 57.66 points. Iran Shipping Lines Company and National Iranian Copper Industries Company came next with 36.47 and 33.19 points respectively.

The Price Index shed 198.10 points or 0.65% to close at 30,260.6.

The First Market Index plunged by 504.30 points or 0.89% to end at 55,866.3.

The Second Market Index wiped 308.20 points or 0.18% to reach 173,027.8.

The Industry Index gave up 386.90 points or 0.58% to post 66,343.6.

The Free Float Index had the highest loss among all indices as it went down 1,038.78 points or 1.13% to settle at 90,9939.70.

The TSE 30 Index lost 16.60 points or 0.50% to register 3,314.9 while TSE 50 Index was down 17.50 points or 0.54% to hit 3,206.2.

  IFX Sheds 13 Points

Iran Fara Bourse’s main index IFX lost about 13 points or 1.6% to end at 791.22.

Over 214 million securities valued at $62.8 million changed hands. Daily trade value nearly doubled compared to the prior trading day.

Bank Day recorded the highest number of shares traded, as 21 million of its shares were transacted. Damavand Electricity Company posted the highest daily trade value, with $1.9 million of its shares traded.

Shiraz Oil Refining Company, Ravan Fanavar Engineering Company and Afranet Company had the highest rise in share value.

This is while Pegah Fars Company, Minoo Food Company and Ghasem Distribution Company recorded the biggest losses.

Marun Petrochemical Company, Hormozgan Steel Company and Esfahan Steel Company weighed most on IFX.

Etemad Fund, with the transaction of 3 million of its shares, registered the highest trade volume among listed exchange-traded funds. Moreover, 53,000 leasing bonds of Dana Systems valued at $1.5 million were sold out.