EghtesadOnline: Despite noticeable increase in demand in the middle of the trading session on Tuesday, most stocks closed under renewed sell-side pressure.
Adding to the pattern of decline a day earlier, the main gauge of Tehran Stock Exchange, TEDPIX, shed 27,810.93 points or 1.82% to retreat below the psychological 1.5 million points and end trading at 1,496,158.
Sell-side pressure was higher for large caps as seen in the 2.3% drop in the TSE-30 Index, which tracks the performance of to 30 publically traded shares in terms of market cap. TSE’s equal-weighted index lost 1.64% for the day.
About 17.21 billion shares worth 134.79 trillion rials ($499.25 million) changed hands at TSE for the day. Hafez Tile and Ceramic Company was the biggest winner as its shares went up 4.99% to 3,955 rials per share.
Navard and Iran Steel Parts Manufacturing Company incurred the biggest loss among all TSE-listed companies and went down 4.81% to 196,390 rials per share.
Persian Gulf Petrochemical Industries Company contributed the most to the benchmark's fall, followed by Social Security Investment Company, Parsian Oil and Gas Development Group Company and Mobarakeh Steel Company.
Middle East Mines and Mineral Industries Development Holding Company gave the biggest boost to the benchmark index followed by Bandar Abbas Oil Refining Company, Golgohar Mining and Industrial Company and Omid Investment Management Group Company.
IFX Down 0.7%
Iran Fara Bourse main index, IFX, lost 0.7% to close Tuesday trade at 22,516.38. About 5.52 billion shares and securities valued at 152.41 trillion rials ($564.5m) were traded at the junior exchange for the day.
Day Bank had the highest number of traded shares as 1.61 billion of its shares worth 1.98 trillion rials ($7.4m) were traded.
Sepehr Saderat Financial Group Investment Company, Shahid Tondgooyan Petrochemical Company, Saba Tamin Investment Company and Arya Sasol Polymer Company had the most negative impact on IFX.
Hormozgan Steel Company gave the biggest boost to IFX, followed by Minoo Industrial Group Company, Pasargad Insurance Company and Esfahan Steel Company.