Trading on the Tel Aviv Stock Exchange is conducted in the green territory against the background of the positive sentiment recorded overseas after the Fed signaled a slowdown in the rate of interest rate increases in the US. The TA 35 index climbs by 1.5%, the TA 90 rises by 1.6%, the real estate index increases by 2% and the bank index adds 1.6% to its value.
The Elbit Systems share stands out with a decrease of 1.7% against the trend in the market.
The gains in the flagship index are led by the shares of Leumi and Poalim banks, which climb by 1.85% and 1.2% respectively. They are followed by Nice which increases by 3%, ICL and Teva which increase by 1.5% and 1.2% respectively.
The trading turnover at this time amounts to NIS 1.15 billion.
10:20
The last trading day for this week at the Tel Aviv Stock Exchange opened with decent gains, following the gains registered last night on Wall Street after a signal from the Fed to slow down the rate of interest rate increases. The Tel Aviv 35 index rises by 1.4%, the Tel Aviv 90 index climbs by 1.66% and the banks index rises by a similar rate, the real estate index jumps by 2%.
All Tel Aviv 35 shares are painted green except for Elbit Systems which loses about 1%.
Univo is delaying the publication of the reports due to a dispute regarding the accounting of the produce that is in dispute with the Canadian Tilray.
Aerodrome received another 2 million shekel order from the Israel Defense Forces for monitoring the execution and progress of the Green Line project.
Despite the continued decline in the price of crude oil, the price of controlled gasoline in December rose by about 6% at midnight, a lower increase than would have been recorded without the renewal of the excise tax reduction.
09:00
Trading on the Tel Aviv Stock Exchange is expected to open higher following the increases recorded last night in New York after Fed Chairman Powell’s comments on slowing the pace of interest rate increases in the US. The Fed will begin to slow the rate of interest rate increases starting at the upcoming meeting in December, which strengthens the chances that the Fed will raise interest rates by half a percent next month.
Against the background of Powell’s words, the Wall Street markets were painted bright green, with the Nasdaq jumping 4.4%, the S&P 500 jumping 3.1% and the Dow Jones adding 2.8% to its value.
The dual shares return with a positive arbitrage spread of 0.5%, with Ofco returning with a positive spread of 4.3%, Ormat with a positive spread of 2%, Teva with a positive spread of 1.4%, Ots with a positive spread of 3.3% and Nice with a positive spread of 2.4%
reporting companies
Flaram announced a deal to sell the production and distribution business of the Trimboard product line for $26.4 million. Yesterday the company published disappointing reports and its stock registered a 12% drop.