Blue Chips Falter, Small Caps Advance

EghtesadOnline: Investors in the Tehran share market approached blue chips and small caps differently on Tuesday. Sell-side pressure pushed the market-weighted benchmark of the Tehran Stock Exchange into negative territory.

News ID: ۷۵۱۵۷۱

25 November 2020

TEDPIX lost 18,432 points, or 1.34% to close at 1,357,108 points. On the opposite side, the equal weighed index closed 0.77% higher. The index gives the same weight to all shares irrespective of their market cap.

The TSE-30 Index was down 1.8%. It tracks the performance of 30 largest TSE-listed companies in terms of market capitalization. At the close of Tuesday trade, 273 ticker symbols experienced growth representing 54% of the market.

The value of trade at both the TSE and the junior equity exchange hit 280.8 trillion rials ($1 billion), indicating 78% rise compared to the earlier session.

TSE Trade

About 22.88 billion shares valued at 198.36 trillion rials ($793.44 million) changed hands at TSE for the day.

Shargh Cement Company was the biggest winner as its shares went up 18.63% to 6,050 rials per share.

Pegah West Azerbaijan Dairy Company incurred the biggest loss among all TSE-listed companies and went down 8.6% to 17,970 rials per share.

Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by National Iranian Copper Industries Company, Mobarakeh Steel Company and Social Security Investment Company.

Iran Khodro Company gave the biggest boost to the benchmark index followed by Tejarat Bank, Mellat Bank and Parsian Bank.

IFX Up 0.17%

Iran Fara Bourse main index, IFX, gained 28.33 points or 0.17% to close Tuesday trade at 16,698.78.

About 3.59 billion securities valued at 82.85 trillion rials ($331.41m) were traded at junior exchange for the day.

Rail Gardesh Iranian Company had the highest number of traded shares as 400 million of its shares worth 400 billion rials ($1.6m) were traded.

Arya Sasol Polymer Company, Zagros Petrochemical Company, Hormozgan Steel Company and Esfahan Steel Company had the most negative impact on IFX.

Middle East Mines and Mineral Industries Development Holding Company gave the biggest boost to IFX, followed by Pasargad Insurance Company, Minoo Industrial Group Company and Gohar Zamin Iron Ore Company.