Sell Queues in 'Mes-Foroush Bazaar' Turn Overall Index Red

The overall index of the Tehran Stock Exchange fell by 34,772 points at the close of trading today, Wednesday, October 14, to 8,425,000 points.

According to the reporter of Mehr, today's capital market transactions were followed while the total index of the Tehran Stock Exchange reached 8 million 425 thousand 725 units with a decrease of 0.41 percent, but the total equal weight index, contrary to the main index of the market, increased by 0.26 percent and stood at the level of 2 million 225 thousand 816 units. This divergence shows that the performance of the major market symbols was not aligned with the overall stock situation.

The total index had advanced to the level of 8,477,000 units during today's trading, but then fell back to its lowest daily level, i.e., the range of 8,425,000 units, due to increasing selling pressure. Free floating index was also accompanied by a drop of 0.33% and the index of the first market and the second market decreased by 0.30 and 0.74% respectively.

In the course of stock and mutual funds transactions, the value of small transactions reached 51 thousand 731 billion Tomans. Also, the result of the cash flow showed the withdrawal of 839 billion Tomans of real money from stocks and mutual funds. In fixed income funds, cash flow reached 133 billion tomans.

Examining the status of symbols shows that at the time of registration, 247 symbols with a value equal to 7,783 billion Tomans were in the buying queue, and on the other hand, 193 symbols with a value of 4,468 billion Tomans were in the selling queue. Also, among symbols without queue, the number of positive symbols was 121 and the number of negative symbols was 164. Real sales per capita were reported as 86 and 88 million tomans, respectively, which shows the relative superiority of sales per capita.

Among the symbols that affect the total index, National Copper Industries of Iran with the symbol "Femli" had the most negative effect on the main market index and is about 48 thousand and 713 units from the value of the index. On the other hand, Persian Gulf Petrochemical Industries with the symbol "Persia" and Mobarakeh Steel of Isfahan with the symbol "Steel" had a positive effect of about 17,691 and 8,683 units respectively on the total index. The symbols of "Taban", "Shasta" and "Tapico" were also among the other symbols that had a negative effect.

In terms of the number of transactions, the investment symbol of Sadr al-Taftin with the symbol "Tasiko" was among the most traded symbols of the stock exchange. Bank Mellat with the symbol "Webmelt", Taban Farda Petrochemical Group with the symbol "Taban" and National Copper Industries of Iran with the symbol "Femli" were also seen in the list of the most traded symbols of the market.

In the Iranian foreign exchange, the total index reached the level of 66 thousand 15 points with a drop of 208 points, equivalent to 0.31%. The over-the-counter total weighted index also decreased by 0.03% and reached 402 thousand 259 units. The index of the second over-the-counter market also experienced a 0.36% drop.

Among the symbols that have an effect on the total OTC index, Poya Zarkan Aqdara with the symbol "Fazr" had the most negative effect on the index. On the other hand, "Kegher" and "Maroon" symbols were among the most influential symbols in the positive direction. In the over-the-counter transactions, the symbols of Razavi's animal husbandry and dairy industry with the symbol "Leban", Poya Zarkan Aqdara with the symbol "Fazr" and Kimia Polyester of Qom with the symbol "Shekimia" were also present in the over-the-counter transactions.

The total market developments in today's transactions indicate a drop in the total index of the stock market and over-the-counter, along with the limited growth of the equal weight index of the stock market; A situation that indicates the difference between the performance of big symbols and another part of the market shares. At the same time, the continuation of the withdrawal of real money from stocks and mutual funds and the greater number of negative symbols among symbols without queues are among the significant variables in the evaluation of today's trading situation.