Trading on the stock exchange is going down, led by the Tel Aviv Oil and Gas Index, which is down 2.2%. The Tel Aviv 35 Index loses 0.8%, the Tel Aviv 90 Index drops 0.4%, and the Bank Index sheds 0.1%. The market’s eyes are turned to the inflation data in the US – To the full article.
Delek drops by about 8% and pays a 15% drop in two days, and this is in the shadow of the disappointment from the Ithaca IPO of the subsidiary in London. Ithaca was issued at a value of $2.9 billion, the low end of forecasts, and much less compared to the top end of $6 billion that was initially estimated.
Energix is falling in the shadow of the damage it is expected to register in revenues as a result of the limitation of the electricity tariff in Poland – to the full article.
Matrix recorded a 13% increase in revenues to NIS 1.15 billion – for the full article.
10:15
Trading on the Tel Aviv Stock Exchange opened lower following last night’s negative closing in New York. The TA 35 index falls by 0.76%, the TA 90 sheds 0.1% and the banks index loses 0.4%. Ofco falls by 10%, Liveperson falls by 6% and Delek falls by 5% following a decline of about 9% yesterday after the subsidiary Ithaca was issued in London in the low range of the forecasts.
Paz reported the allocation of 15% of the Ashdod refinery shares to the Shapir Engineering Group at a value of approximately NIS 1.45 billion (after money). Paz will split the refinery from the company and list the refinery for trading on the stock exchange so that the shareholders of Paz will receive 80.1% of its shares as a dividend in kind.
09:45
Trading in Tel Aviv is expected to open following the declines registered last night on Wall Street as a sign of the mid-term elections. The Nasdaq lost 2.5%, the Dow fell by 2%. The market’s eyes are on the US inflation data which is expected to be published today at 3:30 PM (Israel time).
The arbitrage gap on the dual shares is expected to be heavy at the opening (-0.4%) when Ofco comes back with a negative gap of 11.5%, Orama with a negative gap of 2%, so are ICL and Teva.
The chairman of the insurance company Major Yeftah Ron Tal announced yesterday his resignation from the company while pointing an accusing finger at the company’s ownership structure that makes it difficult to manage it properly. This resignation came two weeks after the resignation of CEO Sagi Yogev under the same allegations.
Paz reported the allocation of 15% of the Ashdod refinery shares to the Shapir Engineering Group at a value of approximately NIS 1.45 billion (after money). Paz will split the refinery from the company and list the refinery for trading on the stock exchange so that the shareholders of Paz will receive 80.1% of its shares as a dividend in kind – for the full article.
Delek will continue to gather interest after it fell by about 9% yesterday in the shadow of the disappointment of the price at which the subsidiary Ithaca was issued, at the lower end of the value range.
Canomed reported this morning the reduction of the immediate consideration in the amount of NIS 750,000 for the acquisition of control by Tzahi Abu, and this in return for waiving the fulfillment of the conditions stipulated in the original agreement, including the remaining liquidity and the completion of the sale of the pharmacy.