Trading Review: Current Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
17:30
The trading day on the Tel Aviv Stock Exchange closed with declines, similar to the trend on world stock exchanges. The TA 35 index decreased by 1.3%, the TA 90 index lost 0.9% and the TA 125 index dropped 1.2%.
The banks index was cut by 2.8%, the Discount share fell 3.9%, the Leumi share fell 2.8% and the Hapoalim share lost 2.6%.
Among the industry indices, the finance index lost 1.6%, the real estate index retreated 1%, the biomed index fell 1.5%, the insurance index weakened by 0.3%. Contrary to the trend, the oil and gas index strengthened by 0.3%.
Tikun Olam jumped 16.2%, Jensel jumped 5%, Altshuler Shaham rose by 3.6.
16:50
The red opening in New York deepened the declines in Tel Aviv: Tel Aviv 35 is down 1.7%, Tel Aviv 90 is down 1.4%.
15:30
The dollar strengthened by 0.6% and its representative rate was set at NIS 3.12. The pound advanced 0.2% to a rate of NIS 4.25 and the euro strengthened by 0.4% to a rate of NIS 3.56.
14:30
The negative trend in the stock market continues. Tel Aviv 35 is down more than 1%, Tel Aviv 125 is down 1.1% and Tel Aviv 90 is down 1.3%. 1.4% The trade turnover so far amounts to NIS 1.4 billion.
Notable increases are recorded in B. Yair, Tikun Olam, Jensel (see previous update), Luzon Group, on canvas, Robogroup and Galileo Tech. Significant declines are recorded by Floristem, the Givot oil partnership (which also plunged 13% yesterday), Adika Style, Bio Honey and Lahav.
In the Tel Aviv index, 35 shares are traded in green, but at the top of Elbit and Ofco, which rise 1.7%. At the bottom of the Energix index, which is cut by 3.7%, is followed by the banks Discount, Mizrahi, International, Leumi and Hapoalim.
Bioline Jumps close to 11% after reporting a successful pre-appointment with the FDA for Motixafortide as a treatment for stem cell mobility in multiple myeloma patients. Compugen Weakens slightly after announcing that the U.S. Patent Office has granted it a new patent covering use for COM701, an antibody with the potential to be the first of its kind against PVRIG, as part of a triple antibody treatment in cancer patients.
13:10
Jensel Strengthens by 4% against the background of raising NIS 113 million from the Harel Group, Migdal Insurance, Meitav-Dash and other investors in a private placement of shares. Harel It has invested about NIS 60 million, thereby increasing its holding to 6.9% of Jencel’s shares and becoming a stakeholder in the company. The raising was made at a price of NIS 9.4 per share, similar to the closing price of the share yesterday.
Africa Residence Announced that it has signed a deal with about 75% of landowners in Hadera, in an area that extends over 47 dunams, with an expected investment of about NIS 200 million. A complex with hundreds of new housing units will be promoted in the complex.
12:20
The declines in Tel Aviv continue. The Tel Aviv 35 Index is down 1%, the Tel Aviv 125 is down 1.1% and the Tel Aviv 90 is down 1.4%. The banks index was cut by more than 2%, and the technology index by 1.5%. The lowest decline among the industry indices is recorded in the oil and gas index, which retreated 0.3%. The trading turnover amounts to NIS 760 million.
Tikkun Olam Stands out against the trend and jumps more than 17%, having risen more than 50% since the beginning of the year. More sharp rises are recorded in the stock B. Yair , Luzon Group , On canvas , And Energian Which started the day down after the results were published and is now up 2.5%.
On the other side of the table Floristem Which corrects after jumping 25% yesterday and 13% on Sunday, and is now down 8.2%. Tundo Smart Loses 6% (following a 6% drop yesterday) and also Third eye andAdika Style Decrease at a similar rate. Truth drops by 5%, and Cannbotek, Seborit, Cybervan, Libra, Aura and Ormed are also losing ground.
In the foreign exchange market, the dollar strengthens by 0.5% and trades at around NIS 3.12. The euro and the pound rise by 0.3% each, and trade for NIS 3.556 and NIS 4.252, respectively.
11:25
Simultaneously with the decline in Tel Aviv stock indices, long-term shekel bonds also fell by 0.6% -1%. The main Tel Bond indices fell by 0.2% -0.3%.
The yield on 10-year (unlinked) government bonds jumps to 1.53%, and the 5-year bond yield rises to 0.94%, in parallel with the soaring yields on US government bonds to a two-year high. The yield on the 10-year bond rose to 1.83%, a jump of 6 points.
10:45
The declines in Tel Aviv soon intensified. The Tel Aviv 35 index falls by 1%, led by the banks: national andWorking Decrease by 2.2% and immediately after Discount , Mizrahi Bank andInternational With decreases at a similar rate. At the top of the index Big With a modest increase of 0.5%.
The Tel Aviv 90 Index deletes 1.3%, at the bottom of the index Electrion andAugwind With declines of over 3%. At the top of the index, among the few who register an increase, Terminal X Which adds 1.3%.
The oil index also dragged down, dropping 0.3%. Other notable declines: the communications index falls by 1.8%, the technology index by 1.3%, and the biomed index by 0.6%. The trade journal amounts to NIS 345 million.
10:02
The trading day in Tel Aviv opened in a negative trend, in parallel with the declines recorded in the futures contracts on the Wall Street indices. The TA 35 index loses 0.4%, the TA 90 and 125 also retreat at a similar rate. Most of the industry indices are traded in red, with the oil and gas index standing out against the trend and rising by 0.2% against the background of rising crude oil prices. The banks index is down more than 1%.
Energian Declines after releasing an operational update for 2021, according to which revenues rose 47% to $ 495 million amid a rise in output to 41,000 barrels per day. The company also reported a 90% increase in operating profit before tax to more than $ 200 million (compared to last year).
Altshuler Shaham Announced that it intends to carry out a reverse triangular merger, in which a new public company will be established that will hold full ownership in the provident and pension company. All shareholders on the determining date of the merger will hold the new company at the same rate.
The home-protected housing chain in the village successfully completed an IPO and raised about NIS 255 million, at a company value of NIS 1.15 billion before cash. The company’s revenues in the first 9 months of 2021 amounted to NIS 63.7 million, the NOI amounted to NIS 41.7 million and the net profit was NIS 24 million.
08:45
In the foreign exchange market, the shekel is losing ground this morning. The dollar is strengthening by about 0.5% and is trading around NIS 3.12 and the euro is strengthening by about 0.4% and is trading around NIS 3.555.
07:45
5 things you should know before opening trading on the Tel Aviv Stock Exchange
1. Expect slight declines
The trading day on the stock exchange is likely to open with slight declines. This is after yesterday the Tel Aviv 35 index recorded a minimal decrease, Tel Aviv 125 added 0.1% and Tel Aviv 90 added 0.6%. The trade turnover amounted to about NIS 1.84 billion. The oil index rose by 0.8%, the biomed index by 0.6% The banks index, which has already fallen more than 2% towards the close, lost 1.8% at the end of the day when Working And Leumi finished at the bottom of the Tel Aviv 35 index after shedding 2% each. At the top of the index Elbit Systems Which advanced 3.6%.
2. Declines in Asia and contracts on Wall Street
Most major stock exchanges in Asia today are trading in a negative trend. In Tokyo, the Nikkei index is down 0.2%, and in Hong Kong the Hang Seng is down 0.5%.
Trades on U.S. stock market indices are declining. Contracts on the Nasdaq 100 are down about 1% and contracts on the Dow Jones are down about 0.2%.
3. Oil continues to climb, Brent is approaching $ 90
In the commodity trading industry, a contract for a barrel of Brent oil continues to climb and is trading up 1% to around $ 87.3.
In the crypto market the trend is mixed, and Bitcoin is trading steadily around $ 42,150. Atherium is down more than 1% and is trading around $ 3,180.
4. The declines in US government bonds continue
In 10-year US government bond trading, the negative trend continues, so that the yield continues to rise. The yield is now rising by about 6 basis points to about 1.84%, which is expected to have a negative effect on the domestic bond market as well.
5. Reports: Bank of America and Goldman Sachs
There was no trading in New York yesterday on the occasion of “Martin Luther King Day” and today investors will return to activity, with the reporting season picking up speed in the background. Reports will be released today, among others, Bank of America and Goldman Sachs, tomorrow the results of Procter & Gamble, United Health, ASML, and Morgan Stanley, Netflix and American Airlines are expected to be published on Thursday.