EghtesadOnline: Tehran stocks were mixed on Tuesday as most small-size companies gained while blue chips faltered.
The equal-weighted index of Tehran Stock Exchange gained more than 0.5%. This index better reflects the performance of small caps as it gives the same weight to all listed companies stocks.
Selloff pressure in many large caps dragged down the market cap-weighted TSE benchmark, TEDPIX, to slightly below the flatline. TEDPIX lost 424.30 points or 0.03% to wrap up trade at 1,399,889.
Large cap losses were visible in the more than 0.3% drop in TSE-30 Index, which tracks the performance of top 30 companies in terms of market cap.
At the close of trade 298 tickers were in positive territory representing 59% of the total tickers.
Retail trade dropped 17% to reach 34.86 trillion rials ($116 million), accounting for 70% of the entire deals on Tuesday. A total of 5.74 billion shares worth 36.01 trillion rials ($128m) changed hands at the TSE for the day.
Navard Aluminum Manufacturing Group Company was the biggest winner as its shares went up 4.99% to 23,150 rials per share.
Pegah Esfahan Dairy Company incurred the biggest loss among all TSE-listed companies and went down 4.95% to 28,010 rials per share.
Mobarakeh Steel Company contributed the most to the benchmark's fall, followed by the Social Security Investment Company, National Iranian Copper Industries Company and Persian Gulf Petrochemical Industries Company.
Bouali Sina Petrochemical Company gave the biggest boost to the benchmark index followed by Chadormalu Mining And Industrial Company, Khorasan Petrochemical Company and Iran Chemical Industries Investment Company.
IFB Up 0.6%
Iran Fara Bourse main index, IFX, gained 109.96 points or 0.59% to close Tuesday session at 18,829. About 1.32 billion securities valued at 21.13 trillion rials ($75.5m) were traded at the junior exchange for the day.
Rail Pardaz Noafarin Company had the highest number of traded shares as 150.55 million of its shares worth 686.86 billion rials ($2.45m) were traded.
Zagros Petrochemical Company, Saba Tamin Investment Company, Ghaed Basir Petrochemical Company and Arya Sasol Polymer Company had the most negative impact on IFX.
Pasargad Insurance Company gave the biggest boost to IFX, followed by Minoo Industrial Group Company, Gohar Zamin Iron Ore Company and Iran Fara Bourse.