The trading day on the Tel Aviv Stock Exchange closed with price increases led by the banks index which rose by 2% after a continuous sequence of declines of about 16% since the Knesset elections. The Tel Aviv 35 index rose by 1%, the Tel Aviv 90 index climbed by 0.3%, and the real estate index rose by 0.8%.
Shufersal’s share rose by 5.1% in the high turnover at Haozat Beit, and this without the company publishing any announcement.
Israel Canada jumped by 6.8%, Fatal stood out with a decrease of 3.7%, Aissure fell by 10%, Aspen rose by 14% against the background of Roni Tsarum’s intention to sell his holdings (about 45%) for NIS 485 million.
Discount Investments lost 5.88%, Norstar fell 5.4%, Rafek lost 5.7%, Wilk plunged 18%.
The turnover amounted to NIS 2.2 billion.
15:30
Trading on the stock exchange is conducted with price increases, led by the banking index, which jumps by 3%. The Tel Aviv 35 index rises by 1.6%, the Tel Aviv 90 index climbs by 1.3% and the real estate index rises by 2%.
The futures contracts on the leading indices on Wall Street are rising at this hour by up to 0.8%.
Aspen jumps 17% following the report of the sale of control (45%) from the hands of Roni Tzarum to a group of investors for NIS 485 million.
Pomvem renews its association with the PortAventura theme park in Spain. The agreement between the parties is extended for a period of two years and the company expects that the park will bring in about NIS 25 million during this period.
Aysure Medical loses 8% after yesterday’s increases, Bio Honey loses 5.5%, Tektona rises 2.5% in the background of efficiency measures – for the full article.
The technology company Matrix is moving to its own 18-story tower with a total area of approximately 30,000 square meters in the prestigious O-TECH high-tech complex in Kfar Saba. The lease agreement is for a period of 10 years in the amount of approximately NIS 200 million – for the full article.
Generation Capital announced that the portfolio company Metropolin won the tender to operate the Sharon Lines Eshkol, with expected annual revenues of over NIS 570 million for an operating period of 10 years – for the full article.
12:30
Trading on the Tel Aviv Stock Exchange is conducted in green territory led by the real estate index which rises by 1.2%. The Tel Aviv 35 index climbs by 0.8%, the Tel Aviv 90 rises by 0.9% and the banking index climbs by 1.5% after yesterday’s declines.
The trading turnover at this time amounts to NIS 500 million.
10:00
Trading in the estate opened with gains in the leading indices against the background of the positive sentiment overseas, in light of the release of restrictions in China. The Tel Aviv 35 index rises by 0.6%, the Tel Aviv 90 index climbs by 1.4% and the banks index rises by 0.9%.
Aspen’s stock jumps by 48% after last night’s report that the controlling owner Roni Sarum will sell his holdings (about 45%) for NIS 485 million based on a share value of NIS 17.3 – an upside of 160% on the market price.
08:00
The third trading day of this week is expected to open against the background of the positive sentiment recorded overseas, when at this time the futures contracts on the leading indices on Wall Street are up by about 1% ahead of the opening of the last trading week for 2022.
Yesterday, the trading house was closed stably and unchanged in the leading indices. The TA 35 index climbed by 0.1%, the TA 90 closed unchanged and the SME 60 index lost 0.5%.
This morning in Asia the indexes are rising against the backdrop of the lifting of the corona restrictions in China. The stock market in Shanghai rises by 0.8% and the Japanese Nikkei climbs by 0.2%. On the other hand, Hong Kong loses 0.5%.
Towards the end of 2022, which investors will want to forget, the market estimates that the tones of the central banks are expected to soften against the background of the expected decrease in the rate of inflation. “The declines in the stock markets in December were mainly due to the “hawkishness” of the central banks,” wrote Alex Zabrzynski in his weekly review. “In our estimation, in the US, the inflation figures clearly point to a turnaround. On the economic data side, a slowdown continues, but it is more consistent with a soft landing than a crash. There was no increase in credit risk, as can be learned from the stability of the HY spreads despite the declines in the S&P 500 in the last month. In our estimation, the Fed will stop an interest rate increase before it reaches 5.1% as it appeared in the forecasts. In Europe, the central bank is still far from the interest rate reaching the level required to ensure inflation control. However, the determination of the European Central Bank (ECB) to deal with inflation heralds a positive message for the European economy and markets in the medium-long term.”
Company reports
The Aspen company will concentrate interest after last night’s report that the controlling owner Roni Tsarum will sell his holdings (about 45%) for NIS 485 million based on a share value of NIS 17.3 – an upside of 160% on the market price.
Nostromo will continue to gather interest following Sunday’s report this week on the approval of the main phase of a $189 million funding request from the US Department of Energy. The company’s CEO Yoram Ashari was interviewed by Sponsor TV about the significance of the report and how it fits in with the company’s strategy – for the full article.