Individuals to sell even more!
TSE performance report card is out comparing key facts of the market with regards to that of the same date previous year. The overall index rose near 5% over the last month, trade volume also has won by a narrow margin. In contrast trading value faced a 9% decline and reached IRR 41,210,000 bn.
Institutional players were responsible for 45% of total purchases and sold near 42% of total sales (excluding block trades), hence the net investment amount by them figured up to IRR 1,091 bn.
Finally market cap, nominal value, P/E ratio and trade turnover squeezed on the contrary to the same period of 2015/16. Stats show, as expected, that individuals’ sales outweighed their purchases.
Below tables tried to demonstrate a brief performance summary of TSE:
In the Market
Stocks Mixed as Investors are Undecided
The stock market continued a downbeat week on a flat note as investors are doubtful on whether to go deep or standby. The uncertainties of individual players towards market future weighed on the major averages. TEDPIX settled behind yesterday’s low and stood on 77,313.60 (0.57%), witnessed a cruel drop of more than 400 points.
Communication sector enjoyed a modest bid at the start of the session when a sudden 31 mn shares were traded early. Through the end “TCI” traded on the down-low with very low volume. Finally the ticker closed at IRR 2,315 and stamped 78.19 positive points on TSE, placed first.
Investors in Auto sector shrugged off the market bad climate, evidenced by a transitory decline in the almost all the tickers. The uncertainty towards the whole sector made even the giants cry today. More than 114 mn shares of Saipa traded and the ticker closed at IRR 1,136, near half million orders were remained in the sell queue. Iran Tractor tried to compensate a little for the industry. 4.7 mn shares of “Khe-Ahan” traded and near 5 purchase orders left in the queue.
Despite the global rise in commodity prices in respond to implied probability of a rate hike at the September fed meeting, almost all the majors in Metal and Iron ores sectors ended in red. 14.12 mn shares Mubarak Steel traded on -2.8% and the ticker closed at IRR 1,214. Analysts believes that there are no apparent reasons behind the continuous fall of recent trading days.
DISCLAIMER: This report has been prepared and issued by Agah Brokerage Firm on the basis of publicly available information, internally developed data and other sources believed to be reliable. The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. Agah does not assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions. Any expressions of opinions are subject to change without notice.
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