Another day of declines in the stock market in Tel Aviv in the shadow of political uncertainty in Israel and contrary to the sentiment on Wall Street. The Tel Aviv 35 index lost 0.7%, the Tel Aviv 90 index fell by 0.8% and the banks index lost 0.76% of its value.
Ormat lost 5.8%, Nice was cut by 5.6% after providing a disappointing forecast for the first quarter, Energics lost 2%, Leumi and Poalim fell by 0.5% as a. On the other hand, Shafir Engineering rose by 4%, Energian climbed By 2%, Mevanah rose by 1.8% and Teva added 1.4% to its value.
Among the second-tier stocks, Donitz stood out with an increase of 4.9%, Delek Car added 3.7%, and Lapidus increased by 2.6%.
14:00
NICE’s share plunges by over 8% and pulls the stock market to lower rates as the Tel Aviv 35 index loses 0.9% of its value. The Tel Aviv 90 index falls by 0.25% and the Bank Index loses 1.3%.
Nice is losing ground in the shadow of a disappointing forecast it provided, below market estimates.
It is followed by Ormat losing 4.2%, Shikhon Vabinui falling 2.1%, Norstar losing 2.44%, Israel Canada losing 1.7%.
The trading turnover including the weekly expiration amounts to NIS 2.2 billion at this time.
13:55
Trading on the stock exchange is currently underway with falling rates led by the banks index which loses 0.75%. TA 35 decreases by 0.6% and the TA 90 index decreases by 0.15%.
Nathaniel Group’s stock is up 7% after the company updated on receiving approval from the Supreme Planning Council for the Beitar Elit development.
NICE drops by 5.5% after the publication of the financial statements from which it appears that the company missed the revenue forecast.
Oman announced a short time ago that Israeli airlines will be able to pass through its airspace. The announcement came after months of talks between the Ministry of Foreign Affairs and the authorities in Oman. El Al increases by 1.4%.
10:20
Trading on the Tel Aviv Stock Exchange opened with price increases as the shekel strengthened after the declines recorded in the last month. The Tel Aviv 35 index rises by 0.3%, the Tel Aviv 90 index climbs by 0.6%, the banks index rises by 1.1%.
Among shares of the Tel Aviv Index 35, Shikhun and Binui shares increase by 2.6%, Phoenix climbs by 1.8%, Shapir Engineering increases by 1.1%, Discount increases by 1%. On the other hand, Ormat decreases by 3.3%.
Among shares of TA 90 Partner increases by 4.4%, Samit climbs by 3.3%, on the other hand Paz decreases by 1.7%, Nikes loses 1.6%, Levinstein Properties decreases by 0.8%.
The shekel strengthens against the dollar, which loses about 1.4% to the level of 3.61 shekels. Last night the Bank of Israel convened the Financial Stability Committee in order to assess the exposure of the economy to the devaluation of the shekel, and it is not impossible that the bank acted in the foreign exchange market in order to moderate the devaluation and sold dollars in the market. However, the Bank of Israel did not naturally approve the move, since Such an intervention could signal to speculators a point of intervention in the market.