TSE All-Share Index
The
Tehran Stock Exchange All-Share Index lost its intraday gain today, dropping
from 78,417 to close at 78,205, 0.02% lower than yesterday. Investors
witnessed slight movements in the majority of sectors, with Oil Products
(+1.45%) recording the highest daily growth. Most of the shares in this
sector posted positive returns, but the top mover of the index was Bandar
Abbas Oil Refining Co. (PNBA +2.82%). The Sugar sector (-1.01%) had
the worst performance, dropping the most for the second consecutive day. Similar
to yesterday, slight declines were seen across the sector. The highest daily
trade volume was again recorded by the Automotive sector (+0.69%) with IRR
324 billion (approx. USD 9 million) worth of trades. Bandar Abbas Oil
Refining Co., SAIPA Group (SIPA +2.92%) and National Iranian Copper
Industries Co. (MSMI -1.26%) had the most influence on the All-Share Index
today. The market value leader was Machine Sazi Arak Manufacturing Co. (MARK
-0.96%) with IRR 205 billion (approx. USD 5.7 million) worth of trades. The
TSE’s total traded value rose by 5% to reach IRR 2,472 billion (approx. USD
69 million).
TSE30 index
The
TSE 30 index, the index of the thirty largest companies by market
capitalization, slipped by 0.03% to close at 3,231. In the top 30s, the top
performing shares were SAIPA Group (SIPA +2.92%) and Bandar Abbas Oil
Refining Co. (PNBA +2.92%). In contrast, the greatest decrease was seen by
Omid Investment Group (OIMC -1.82%) and National Iranian Copper Industries
Co. (MSMI -1.26%). The total traded value of the top 30 stocks dropped by 65%
to IRR 311 billion (approx. USD 9 million). Yesterday, the trade volume of
SAIPA Group had boosted the TSE30 index’s total traded value. The trade
volume of SAIPA had reached IRR 577 billion (approx. USD 16 million) on the
back of the company’s monthly sales & production report released on
Saturday. SAIPA group sold 137,627 vehicles during the first four months of
the Iranian calendar year (started on March 21, 2016). Last month’s sales
reached 43,733 cars in the period from June 21 to July 21, 2016. SAIPA Group
has projected a total sales volume of 400,950 vehicles in the current
financial year, ending on March 21, 2017. The trade volume of SAIPA dropped
to IRR 80 billion (approx. USD 2 million) today.
Highlight
Nemooneh
Taliseh Agricultural Co. (TLIZ) went public on the Iran Fara Bourse today,
selling 10% or 7 million shares. The major shareholder of the company is the
Islamic Revolution Mostazafan Foundation which sold TLIZ’s shares at IRR
5,300 (approx. USD 14.9 cents). Nemooneh Taliseh Agricultural Co.’s main
activity is husbandry and its main source of income is selling milk. The
company’s net income last year was USD 1.4 million, while the current year
projection is USD 1.6 million (its financial year ends on March 21, 2017).
According to unaudited 1Q reports the company has already realized 29% of its
projected net profit.
