Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
17:30
The rises in the local stock market intensified towards the close and against the background of a positive trend on Wall Street. The Tel Aviv index jumped 1.7%, the Tel Aviv 90 rose 2.3% and the Tel Aviv 125 rose 1.9%. Banks Index Soared nearly 5% as a stock national Top with an impressive 8.1% increase after the reports. Discount Which also published this morning’s reports, rose 5.3% andMizrahi Bank Added 6.3%.
The trading turnover was the highest and amounted to NIS 3.27 billion, with the highest turnover concentrated by a share ICL Which fell 7.8% after it was reported thatIsrael Society Sold a significant share of its holding in the company, for a total consideration of NIS 726 million.
The technology company Hyper Global Which was split into a computer authentication, began trading on the stock exchange today as an independent company and jumped by about 18.5%. Truth , On the other hand, decreased by 3.4%. More sharp rises recorded Brack N. V , LivePerson , Altshuler Shaham , Fox , Insurance Tower andTadiran (See reports released today). On the other hand, Andimed and Polyram lost height after the reports, and so did Kanbotek, Energian, In the variety andElbit Systems Went down.
16:35
Rises in Tel Aviv are strengthening slightly after a strong opening on Wall Street, and in parallel with 5% -6% rises in major European stock indices. Tel Aviv 35 is up 1.3%, Tel Aviv 90 up 1.7%. Trading volume continues to rise rapidly and stands About NIS 2.55 billion.
Many reports have flowed into the stock market today, here are the highlights:
Nakes Which operates a trading and payments platform, reported 51% growth in its annual revenue totaling $ 119.1 million in 2021, while the net loss jumped from $ 6.1 million the previous year to $ 24.8 million.
Brainsway , Which is developing non-invasive treatment for brain disorders, recorded annual revenue of $ 29.7 million, an increase of 34% compared to 2020. Its net loss also increased to $ 6.5 million (compared to $ 5.4 million the previous year).
Purflit , Which develops wireless solutions for fleet asset management, increased its annual revenue by 11% and totaled $ 126.2 million. The net loss attributable to shareholders amounted to $ 18.2 million (52 cents for a fully diluted ordinary share), compared to a loss of $ 13.6 million in 2020. On a non-GAAP basis, it posted a net profit of $ 820,000 (2 cents per share), compared to net income non-GAAP of $ 3.7 million the previous year.
Andimed , The aesthetics and beauty company, recorded a 52% increase in revenue for 2021, which totaled $ 21.8 million. The company first recorded a deferred tax asset of $ 2.5 million last year, which increased its net profit to $ 5.2 million, compared to just $ 308,000 in 2020.
Suffave Dr. Shimon Ackhouse’s medical aesthetics company, recorded a huge 408% jump in revenue in 2021 to about $ 21.8 million. The bottom line was a net loss of $ 1.8 million compared to $ 9.8 million in 2020.
15:40
The positive trend in the stock market continues. The Tel Aviv 35 Index is climbing by 1%, the Tel Aviv 90 Index is up 1.5% and the Banks Index is up 3.9%. On the other hand, the oil index was cut by 2%. The trade turnover doubled in less than an hour and now amounts to about NIS 2 billion.
At the top of Tel Aviv 35 a strong increase of 6.7% tocanon AfterZim Has published good annual reports, followed by Nova andLivePerson Which climb about 6.5% and bank national Which jumps 6.3% after the reports. At the bottom of the index ICL Which submarines 8% and also controls it The Israel Society Cut by 7%.
A strong increase is recorded in Safe-T Which jumps 24% in trading volume significantly higher than its average, without any background report. Hyper Global Jumps almost 17% in its first day on the stock market. Other impressive increases are observed in Foresight, Sufwave, Compugen, Tadiran (which published reports), Fox, Altshuler Shaham, and Ferion.
Israel Shipyards Strengthens after it reported that it had submitted to the Companies Authority a request for approval to join a European company for a joint bid for the Haifa Port tender, following the retirement of its former partner DP WORLD LTD.
14:45
The Tel Aviv 35 Index is currently climbing by 1%, the Tel Aviv 90 Index is up 1.4% and the Banks Index is up 3.2%. The trade turnover amounts to NIS 1.03 billion.
Shares of companies operating in the field of renewable energies and energy storage stand out in sharp rises, among them Augwind , Doral Energy , Energix , Jensel Unlightened.
12:35
Rises in the stock market are strengthening. The Tel Aviv 35 Index is up 1.1%, the Tel Aviv 90 Index is up 1.8% and the Banks Index is up 3.2%. The trade turnover amounts to NIS 1.03 billion.
Leumi shares jump 5.5%, Kamtech At 6.6%, productivity By 6.1% and regions rising by 6%.
On the other hand, sharp declines are recorded Polyram (Which published reports today), ICC, Rada And Elbit Systems.
In the foreign exchange market, the dollar weakened by 0.4% and traded around NIS 3.287, while the euro strengthened by 0.3% and traded around NIS 3.61.
10:40
Company Opel Balance Reported today that revenues from financial services in the fourth quarter of 2021 amounted to NIS 19.8 million, an increase of 48% compared to revenues of NIS 13.4 million in the corresponding quarter in 2020. Revenues from financial services in 2021 amounted to a record of about NIS 19.4 million. NIS 67.2 million, an increase of 17% compared to revenues of NIS 57.5 million in 2020. Net income in the fourth quarter amounted to a peak of NIS 7.8 million, an increase of 47% compared to profit in the fourth quarter of 2020. Net income in 2021 Increased by 31% and stood at NIS 26.9 million.
10:00
The trading day on the stock exchange opened with a positive trend. The Tel Aviv 35 Index is up 0.7%, and the Tel Aviv 90 Index is up 0.9%. The banks index changes direction and jumps by 2%.
Prominent rises record aura, Electrion Nova, LivePerson, Leumi and Discount.
Company In the variety Updated this morning that in light of the delay in the supply of natural gas by Energian and in view of sharp increases in recent prices of crude oil and natural gas in the world, the purchase of natural gas for the period between May 1 this year and the start of gas supply by Energian will be significantly higher. From the price of a mediation agreement she signed with the Tamar Drilling Partnership. Thus, “a delay in the start of natural gas flow from Energian may have a material adverse effect on the Group’s results in 2022.”
Company Isracard Ended the fourth quarter of 2021 with an increase in net profit to NIS 57 million, compared with a loss of NIS 42 million in the corresponding quarter in 2020. Revenues in the fourth quarter grew by 25% to NIS 646 million.
08:48
Bank national Achieved a net profit of NIS 6 billion in 2021, which is higher in the Israeli banking industry by more than NIS 1 billion compared to the next bank. Net profit jumped three times compared to 2020, when it amounted to NIS 2.1 billion. The net profit in the fourth quarter of the year amounted to NIS 1.5 billion, compared with NIS 900 million in the corresponding quarter in 2020.
Tadiran This morning, it reports record results for 2021. At the same time, the group announced that it will advance by 3 years the goals of the strategic plan, according to which the company will meet the target of sales of NIS 2 billion this year. Revenues for 2021 increased by 46.3% compared to 2020 and amounted to NIS 1.45 billion and net profit last year climbed by 41% to NIS 141.5 million. The company’s board of directors has approved a dividend of NIS 33.7 million to shareholders for the second half of 2021.
The Israel Company, which is controlled by Idan Ofer, is taking advantage of the sharp rise in ICC shares and has sold a significant share of its holding in the company. The company reported to the stock exchange that due to high demand from global and Israeli investors, it sold about 20.17 million ICC shares (1.567%) of the ICL capital, at a price of NIS 36 per share (about $ 10.9) for a total consideration of NIS 726 million ( About $ 220 million).
07:50
5 things you should know before opening trading on the Tel Aviv Stock Exchange
1. Expect a mixed opening
The trading day on the stock exchange is likely to open with a mixed trend and later in the day the high volatility in Tel Aviv and the world stock exchanges is expected to continue. This is after yesterday’s trading on the Tel Aviv Stock Exchange closed with price declines: the Tel Aviv 35 index fell by 1%, as did the Tel Aviv 125 index, and the Tel Aviv 90 index weakened by 0.9%. Which fell 2.4% and the oil and gas index which lost 2.6%. The insurance index weakened by 1.7%, the finance index fell 1.3%, the real estate index fell 1.1%, and the biomed index fell 0.9%.
2. Volatile day on Wall Street
Trading on the New York Stock Exchange closed lower at the end of a volatile day, the Dow Jones fell 0.6%, the Nasdaq fell 0.3%, and the S&P 500 fell 0.7%. 2% on NASDAQ.
The background to trade was the effects of the war in Ukraine and Western sanctions on Russia, especially in the energy sector. The US and UK boycott of Russian oil imports boosted oil prices even further, but the gains moderated further.
The dual stocks returned with mixed gaps: ICL With a negative gap of 4.4%, Nice 1.5%, Teva about 1% and also Elbit Systems 1% so they are expected to go down this morning. On the other hand, Ormat With a positive gap of 4.5% and Nova 4.4%.
3. A mixed trend in Asia
Trading on Asian stock exchanges today is conducted in a mixed trend. The Nikkei index in Tokyo is rising slightly while the Hang Seng is down 2.4% in Hong Kong.
Trading in contracts on US stock market indices shows slight increases
4. Record profits for Discount Bank
Bank Discount This morning it reported that net profit amounted to NIS 2.77 billion last year, compared to NIS 975 million in 2020. Net profit in the fourth quarter of 2021 amounted to NIS 529 million, compared to NIS 264 million in the corresponding quarter in 2020, an increase of 100.4%.
5. Oil and gold continue to rise
In the oil market prices continue to rise. A April contract for Brent crude rose 2 percent to $ 130.6 a barrel and U.S. oil rose to $ 126. Gold is also climbing and the ounce price is up 1% to $ 2,064.