Current reporting from the Tel Aviv Stock Exchange: the important updates, prominent stocks, bonds and analyst updates
7:50 – Calcalist reports:
For Alfred Akirov, this is a partial victory in the elections, as the two directors recommended by him were elected – David Granot, who is already serving as a director, and Aharon Fogel, who was the chairman of the competing tower. Mia Likvarnik and Meli Margaliot will also continue to serve. The results mean that a total board of directors will appoint eight members, but the balance of power Regarding the Max deal there may be equals, meaning four opponents against four supporters.
7:40 – The Tel Aviv Stock Exchange will enter the last trading day of the week this morning, after an evening of gains on Wall Street. The Dow Jones index rose last night by 0.4%, the S&P 500 climbed by 0.8%, the Nasdaq added 0.7%. This morning in the Asian markets, the Nikkei index rises by 0.4%, the Hang Seng climbs by 1.2%.
Also on the agenda are the sharp drops recorded yesterday in oil prices (Brent and WTI lost more than 5%). The declines already hit the shares of the sector in Tel Aviv yesterday, but they intensified later in the evening.
Yesterday moderate increases were recorded in our local stock exchange, TA 35 climbed by 0.4%, TA 125 added 0.2%. Tel Aviv Oil and Gas was cut by 2.5% against the background of the aforementioned declines in global energy prices.
Standing out in red – Energian which retreated by 4.1% at the bottom of the flagship index, as well as New Med Energy and its controlling owner Delek Group which fell by 3.7%. Teva jumped by 5.3% in Rosh Tel Aviv 35. The bank index strengthened by 2.1%, Leumi jumped by 2.5%.
Solgreen shares fell by 22% – the green energy company won a huge RMI tender and will pay NIS 1 billion for land leases for projects.