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The first working week of the new year for the Tehran Stock Market ended with a drop of more than one percent of the total index. The overall homogeneous index, however, outperformed the week by 0.65%; This was an indication of the better position of small group stocks in the market.

Tehran, April. 04 (SENA)-According to the Securities and Exchange News Agency (Sena), surveys show that in the past working week, despite the retreat of demand in large commodity groups, the smaller ones were mainly accompanied by price growth. Thus, among the 38 listed industries, 24 groups witnessed the growth of the average stock price of their subsidiaries, while the industry index of 14 groups was negative. Although this week saw the largest drop in prices from that retail group with a single share of "Ofogh" and a decrease in price of 5.1 percent, but after that, large commodity groups had the most negative impact on the main market indicator and led to a drop of more than one percent.

In the last two weeks, which coincided with the Nowruz holiday, the global market appeared turbulent. From rising corona outbreaks in Europe to what happened in the Suez Canal, oil and metals prices on the world market have plummeted. On Tuesday, April 23rd, it was reported that the large cargo ship "Over Green" had blocked the Suez Canal. The 400-meter ship sank while circling the canal, blocking this important blue route to create traffic in the Suez Canal. This initially led to the price flight of commodities, especially oil, but then with the increase in the number of patients with Covid 19 in Europe and the United States, we saw the hesitation of commodity traders to witness the volatile weeks in the global market.

Surveys show that in the past week, the base metals group recorded the largest weekly decline of 3.2 percent among the commodity-oriented industries of the Tehran Stock Market. After that, it was the petrochemicals that sat at the bottom of the Tehran Stock Market return table in the week ending April 4th. Thus, the petroleum products group in the first week of the new year experienced a decrease of 2.8% in the average price of its subsidiary shares. Petrochemicals also experienced a 2.7 percent decline in the week under review. Minerals also did not escape a price drop and last week saw a 1.8 percent drop in their average subsidiary stock price.

Shares of lower market value groups experienced better conditions in the past week. In the meantime, the highest price increase came from that group of textiles with the single symbol "Nemrino". This share recorded 11% growth in the first working week of the new year. After that, the technical and engineering group with the two symbols "Retko" and "Rampna" witnessed a 7.8% rise in prices. The electrical appliance industry, oil and gas extraction, metal products and other mines are among the other positive industries of the stock market per week, which recorded growth between 3.7 and 7.3 percent.

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