Benchmark index falls 34,000 points on the last working day of the week

The Tehran Stock Exchange benchmark index closed Wednesday's trading down more than 34,000 points, while the equal-weighted index rose against the trend of the main index, a sign of divergent performance between large and small stocks in the market.

Meanwhile, the total index of the Tehran Stock Exchange ended Wednesday trading with a drop of more than 34,000 units. A topic that tells about the difference between the trading process in large and small symbols of the market.

According to Ambassador Arjan, Tehran Stock Exchange, after the growth of the total index in the previous day's transactions, faced a decrease in the total index today, Wednesday, October 22, and ended the last working day of the week in a downward cycle. However, the total weighted index moved against the main market index and recorded an increase of more than five thousand points.

The total index of the Tehran Stock Exchange decreased by 34,771 points at the end of today's trading. But the total equal weight index increased by 5771 units and reached the level of two million and 225 thousand units.

The divergence between the performance of the two main stock market indices shows that today's drop in the market did not necessarily mean a uniform drop in stock prices. Since the total index gives more weight to large companies with a higher market value, the decrease of this index along with the growth of the equally weighted index can indicate the better performance of some of the smaller and medium-sized market symbols compared to large companies.

During today's trading, one million and 272 thousand transactions were registered in the Tehran Stock Exchange, and the value of the transactions reached the threshold of 46 thousand billion Tomans. Femli, Fars, Foulad, Taban, Shasta, Tapico and Webmelet can be mentioned among the symbols that influence the trend of the whole stock market index.

On the other side of the capital market, Iran's over-the-counter total index also decreased by 208 points in today's transactions and was in a downward trend in line with the total stock market index. The number of over-the-counter transactions reached 681,137 on Wednesday. The symbols of Fazer, Keghar, Maron, Arya, Saman, Fajhan and Arfa were also among the symbols influencing the trading process of this market.

In general, today's capital market transactions ended with a drop in the total index of the stock market and over-the-counter index, along with the growth of the weighted index. This situation shows that for a more accurate assessment of the market conditions, in addition to the changes in the total index, the trading process in small and large symbols and the degree of association of different stock market groups should also be considered; Because the different movement of indices alone is not enough to draw conclusions about the general direction of the market.