EghtesadOnline: The benchmark of Tehran Stock Exchange, TEDPIX, closed Monday trade near the flatline as most large cap stocks slumped.
The market cap-weighted TEDPIX gained 337.97 points or 0.02% for the day to close the session at 1,515,886. TEDPIX had recovered from sell-side pressure in the early hours of trade when it lost more than 6,000 points.
This is while small caps built on previous gains and outperformed blue chips, pushing up the TSE’s equal-weighted index by 0.94%. The index gives the same weight to all shares irrespective of their market cap.
Value of retail trade declined by 3% on Monday to reach 106.7 trillion rials ($410 million). About 12.05 billion shares valued at 93.58 trillion rials ($359.9 million) changed hands at TSE for the day.
Iranian Investment Petrochemical Group Company was the biggest winner as its shares went up 25.89% to 4,620 rials per share.
Takceram Tile Manufacturing Company incurred the biggest loss among all TSE-listed companies and went down 25.47% to 30,870 rials per share.
The Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Middle East Mines and Mineral Industries Development Holding Company, Mobarakeh Steel Company and Mines and Metals Development Investment Company.
Iranian Investment Petrochemical Group Company gave the biggest boost to the benchmark index followed by Telecommunication Company of Iran, Pardis Petrochemical Company and Opal Kani Pars Mining and Processing Company.
IFB Up 0.1%
Iran Fara Bourse main index, IFX, gained 20.94 points or 0.1% to close Monday trade at 21,897.52. About 4.26 billion shares and securities valued at 118.62 trillion rials ($456.8m) were traded at the junior exchange for the day.
Day Bank had the highest number of traded shares as 1.11 billion of its shares worth 1.25 trillion rials ($4.8m) were traded.
Arya Sasol Polymer Company, Pasargad Insurance Company, Gohar Zamin Iron Ore Company and Esfahan Steel Company had the most negative impact on IFX.
Saba Tamin Investment Company gave the biggest boost to IFX, followed by Sepehr Saderat Financial Group Investment Company, Shahid Tondgooyan Petrochemical Company and Zagros Petrochemical Company.