Tehran, Apr. 17 (SENA) - After being bullish in a few consecutive trading days at Tehran Stock Exchange and more than 100% return in almost two months, auto sector accompanied by a dramatic selloff to keep weighing on TEDPIX to record a new low in a year started March 20.
Due to selloff in this sector, Iran Khodro—the largest auto manufacturer in Iran—with transaction of 110.24 million shares recorded the highest trade volume among listed companies at TSE. Saipa Group and Saipa Investment Company with transaction of 103 and 93.69 million shares took the second and third places respectively.
According to TSE data, TEDPIX piled up more losses and slipped 468.6 points or 0.6% at Sunday’s close to stand at 77,516.2.
The price index shed 179.8 points or 0.61% to end at 29,471.2. The first market index lost 435.2 points or 0.8% to settle at 53,971. The second market index perked down 387 points or 0.23% to reach 171,145. The free float index fell 794.64 points or 0.85% to level at 87,681.9. The industry index was off 421.4 points or 0.65% to close at 64,768.8. The TSE 30 index slid 22.2 points or 0.69% to end at 3,195.7 and finally, the TSE 50 index was also down 16.4 points or 0.52% to settle at 3,122.6.
Trade volume and value was up compared to previous trading day. More than 1.21 billion shares valued at $84.93 million to post 53.16% and 13.51% surge in daily trade volume and value respectively.
Close to 71% of listed companies weighed on benchmark with Bandar Abbas Oil Refining Company on top. BORC with 67.16 points left the most negative impact on TEDPIX followed by Iran Khodro and Golgohar Industrial and Mining Company with 63.82 and 49.5 points respectively.
Islamic Republic of Iran Shipping Lines with 45.21 points crowned TEDPIX positive contributors. Mapna Group and National Iranian Copper Industries Company with almost 42 and 25 points stood next in line.