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Stocks Plunge to 5-Month Lows

Dec 14, 2021, 4:31 PM
News ID: 36127

EghtesadOnline: Tehran shares Monday extended the long streak of losses amid mounting pressure from sellers that put the benchmark of Tehran Stock Exchange to where it was five months ago.

The market cap-weighted TEDPIX lost the critical 1.3-million-point level to shed another 25,226.84 points or 1.91% and end trade at 1,295,550.

TSE’s equal-weighted index lost 1.8% showing that sell-off is indeed piling unrelenting pressure on both large and small caps.  

Retail trade jumped 51% on Monday to reach 33.75 trillion rials, accounting for 9% of the total. Increase in value of trade amid the plunging share prices, indicates that retail investors were mainly sellers wanting to exit come what may.

Capital flight by retail traders is now in its 13 straight session reaching 5.48 trillion rials ($18.9 million) on Monday. Total capital outflow in the 13 sessions has been near 42 trillion rials ($144m).  

About 5.34 billion shares valued at 38.45 trillion rials ($137.32m) changed hands at TSE for the day.

Trading at TSE and junior equity exchange Iran Fara Bourse starts on Saturday and ends Wednesday.

Pars Ceram Company was the biggest winner as its shares went up 4.92% to 4,054 rials per share.

Indamin SAIPA Shock Absorber Manufacturing Company incurred the biggest loss among all TSE-listed companies and went down 4.97% to 21,590 rials per share.

Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by Golgohar Mining and Industrial Company, National Iranian Copper Industries Company and Social Security Investment Company.

Barakat Pharmaceuticals Group Company gave the biggest boost to the benchmark index followed by Iran Mercantile Exchange, Amlah Iran Mining Company and Paxan Corporation.

 

 

IFX Down 1.4%

Iran Fara Bourse main index IFX lost 267.15 points or 1.41% to close Monday trade at 18,663.6.

About 2.37 billion securities valued at 777.38 trillion rials ($2.77 billion) were traded at the junior exchange for the day.

Kerman Province Development Investment Company had the highest number of traded shares as 198.67 million of its shares worth 177.7 billion rials ($634,614) were traded.

The biggest loser at the IFB was Atieh Dadeh Pardaz Company -- its shares fell 7.83% to reach 24,384 rials per share.

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

Ghadir Capital and Industry Development Company gave the biggest boost to IFX, followed by MAPNA Asaluyeh Power Generation Company, Hejrat Distribution Company and Ghasem Iran Company.

 

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