Tehran Stock Exchange Stood Tall!
– In a performance report on global exchanges, Tehran Stock Exchange could left 12 other rivals behind and placed 4th recording a return of 2.9%. After Turkey, Hong Kong-Germany and India-Paris, Tehran Stock Exchange stood above NYSE and S&P500. Factoring the most green days on global markets, TSE placed first with most positive sessions since the new year until today.
TEDPIX Eked Out Losses!
In the Market
Investors continued to play it conservative on today’s session, as they had done throughout the previous week, left the major averages deep in red again. The TSE index (-0.37%) and the IFEX (-0.99%) settled on negative sides of their lows.
Eleven out of twelve sectors settled today’s affair in negative territory with the Construction (-1.55%) led the downward trend followed by Investments (-1.02%) and Transportation (-0.99%). Giant names in Petrochemical also performed less than expected. Jam Petrochemical (PJMZ1, -1.33%, IRR 9,394) solely stamped 29.98 negative points on the index.
Tickers in Metals sector also faced heavy selling pressure, pushing the major names to make new lows. Khuzestan Steel Co. (FKHZ1, -1.87%, IRR 3,156) traded for more than 1.29 mn shares with orders left in the sale queue throughout the session end. Isfahan Mubaraka Steel (FOLD1, +0.07%, IRR 1,377) showed mix trades today with positive trades of early morning ended in red.
It seems that for now the market is to continue the downbeat trend with the lowest possible volume.
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