2023-06-13 15:02:30
In the past week it was hard to ignore the impressive performance of the stock markets around the world. Just yesterday the S&P 500 index traded at its highest level in 13 months and the Nikkei index broke a 33-year record, when it traded this morning at a level of 33,000 points.
The positive sentiment was not slow to reach the Tel Aviv Stock Exchange, which after several months of negative returns since the beginning of the year, moved into positive territory, with the Tel Aviv 35 Index rising by about 0.5% since the beginning of 2023.
● The shekel continues to strengthen and registers a two-month high against the dollar
● The banks present: take NIS 30,000 and return NIS 40,000
● Secondary IPOs on Wall Street are gaining momentum this year
There is no doubt that the performance of the main indices around the world leaves dust for the flagship indices on the Tel Aviv Stock Exchange. The S&P 500 index, for example, recorded a double-digit return of 14% since the beginning of the year, while the Euro Stox 600 index added about 7.5% to its value. At the same time, it seems that the combination of Expectations for a halt to the Fed’s interest rate hike outline with estimates for a compromise on the legal reform issues pushed the main indices in Israel upwards and changed the trend in the Tel Aviv Stock Exchange.
Just to clarify, since the beginning of June, the leading indices in the Tel Aviv Stock Exchange have produced good returns, with the Tel Aviv 90 index registering an increase of 6.7%, the Tel Aviv 125 index rising by about 4%, while the Tel Aviv 35 index rising by about 3.5% Among the industry indices, the Tel Aviv Construction index leads the positive trend in the last two weeks when it recorded a double-digit return of 11.5%
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