Despite the rally, which was driven largely by a limited number of big listed companies, the market featured a noticeable decline in the value of trade, indicating investor aversion to trade shares and the uncertainty about what lies ahead in the coming days.
The value of deals by retail investors in both TSE and the junior equity market Iran Fara Bourse amounted to 95 trillion rials ($558 million) on Monday, which was way lower than the average in recent days, according to Donyaye Bourse website.
The analytical website said 3.26 trillion rials ($20 million) in fresh liquidity was injected into the market on Monday.
As in most recent sessions, the growth in TSE’s market cap-weighted benchmark, TEDPIX, was mainly driven by the performance of a few large-cap companies as shown by lower gains in equal-weighted index (0.9%) and higher growth in TSE-30 index (2.5%).
The former tracks all stocks irrespective of their market cap while the latter tracks only the 30 large-cap companies listed with the TSE.
About 10.01 billion shares valued at 72.2 trillion rials ($422.3 million) changed hands at TSE on Monday.
Kavir Tire Company was the biggest winner as its shares went up 7.95% to 21,439 rials per share.
Silica Sand Supplier Company incurred the biggest loss among all TSE-listed companies and went down 5% to 100,122 rials per share.
SAIPA, the second largest Iranian automaker, contributed the most to the benchmark's fall, followed by Iran Khodro Investment Development Company, Pars Khodro Company and Saman Kish Electronic Payment Company.
Persian Gulf Petrochemical Industries Company gave the biggest boost to the benchmark index, followed by National Iranian Copper Industries Company, Social Security Investment Company and Telecommunication Company of Iran.
IFX Up 1.14%
Iran Fara Bourse main index, IFX, gained 127.92 points, or 1.14%, to close Monday trade at 11,344.9.
About 2.44 billion securities valued at 34.09 trillion rials ($199.4 million) were traded at the over-the-counter exchange.
Esfahan Steel Company had the highest number of traded shares and trade value as 217.63 million of its shares worth 1.23 trillion rials ($7.23 million) were traded.
Omid Taban Hour Energy Management Company, Saba Tamin Investment Company, Jahrom Power Plant Development Company and Kowsar Insurance Company had the most negative impact on IFX.
Gohar Zamin Iron Ore Company gave the biggest boost to IFX, followed by Arya Sasol Polymer Company, Lavan Oil Refining Company and Marun Petrochemical Company.