Gmail - Iran Weekly Market Report - 17 March 2016:
"The Tehran Stock Exchange witnessed positive performances in its shares in the last week of the Iranian Calendar Year, 1394. The TSE All-Share Index rose by 2.4%, closing at 80,219. The index had gone up to 80,236 on Monday but then slipped down from the highest point of the year on Tuesday. The All-Share Index experienced a minor recovery on Wednesday to close at 80,219. The All-Share Index or TEDPIX started the year at 62,531 and recorded a 28.2% yearly growth, closing at 80,219. However, the index had even fallen to 61,163 during the year, recording only a 2.2% draw down. The current Iranian Calendar Year ends on Saturday, March 19th 2016. During the year, the average daily return of the index has been 0.11%, while the highest daily gain has been +3.59% and the greatest drop has been -1.8%. The daily changes in the TSE’s benchmark, All-Share Index, puts its risk to reward ratio at 7:1 in the year 1394 (2015/16).
This week the Automotive (+24.8%), Metallic Ore (+11.3%) and Machinery & Electric Equipment (+9.6%) sectors recorded the highest gains among the major sectors. Metallic Products (-3.5%), Sugar (-3.7%) and IT (-3.2%) were the weakest sectors. On a yearly basis, the Automotive, IT and Transportation & Logistics sectors have experienced the highest growth of the major sectors. They have gained 115%, 83% and 72% respectively. The weakest annual performances were recorded by the Rubber & Plastics, Ceramic & Tiles and Cement sectors which dropped by 22%, 4.1% and 3.8% respectively.
From a technical analysis perspective, the All-Share Index has a smooth outlook going forward, having surpassed the 80,000 level. The pace of growth increased slightly during the last week of the year, after a month of slight changes up and down. TEDPIX’s mission for the new year will be reaching the next resistance at 89,500. At the moment, some indicators are showing the index’s potential to start a new round of growth, including in the Money Flow index, MACD and also Bollinger Bands."
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