Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
17:29
Trading on the stock exchange ended in a negative trend, although in more moderate declines than those recorded at the beginning of the day. TA 35 and TA 125 decreased by 0.5%, TA 90 dropped close to 1.1%. Among the industry indices, the banks index decreased by 1.4%, the oil index weakened by 0.5% and the technology index decreased by 0.3%. The financial index was cut by more than 2%, the insurance index plunged above 4%.
The trade turnover was high and amounted to NIS 3 billion, with the largest turnover concentrated National Bank Who lost 2% followed ICL – which rose close to 4%, following a jump of 6.8% yesterday, thus continuing to maintain the new title as the largest public company in Tel Aviv – with a market value of more than NIS 50 billion. At the top of the flagship index Elbit Systems Which jumped 4.8%.
Another notable rise recorded a stock Quick Against the background of the design of Electra needs Make it the group’s online arm, and also Cannbotech , Next Vision andDoral Energy Went up.
Adika Lost about a third of its value today, after subsequently crashing into disappointing reports it issued last night to which it attached a profit warning. also Biograph bonus , Floristem , Rami Levi , Gazit Globe andrule Dropped significantly. The Phoenix Imitated about 5% and finished at the bottom of the Tel Aviv 35 index, after it Harel Investments . Nella Digital Fell 8.6% after updating contacts that began in October to acquire control of a company that owns six private labels and virtual stores selling products on the Shopify platform, have not matured into a binding agreement.
15:50
The atmosphere on the stock market is clarifying while the declines in the large indices are narrowing. TA 35 erased almost all the decline it recorded and lost less than 0.2% at this time, TA 90 still loses about 1%, TA 125 separated from 0.4%. Banks Index Sheds 0.9% and also The oil index Records a similar decline despite the surge in crude oil prices that was supposed to provide a windfall. The trade turnover so far amounts to close to NIS 2 billion.
Afcon Holdings Announced today that it will invest in the company Chekratech NIS 10 million as part of a private share allotment, at NIS 2.34 per share (10% discount on the share price at the close of the transaction) and will also allocate to Afcon without consideration warrants that can be exercised for 3 years. If you exercise the options, Afcon will be the largest shareholder in the company. As part of the private placement, the investment bank Valio Base, which led the raising, will also invest NIS 3 million, and Chakratech chairman Avi Cohen will invest an additional NIS 800,000 (at the same price per share).
Renewable Energy Company Trollite A report that received a license to supply electricity in Israel. The license will enable communication with business, home and other consumers, and power supply, means for energy efficiency and charging stations for electric vehicles.
Where will the price of oil stop, what are the effects on the economy and what will be done with the investment portfolio? Globes correspondent Guy Ben Simon in a conversation with Dr. Yaakov Mimran, a geologist and former head of gas and oil affairs at the Ministry of Infrastructure, with Noam Mairovich, Investment Manager at Migdal Capital Markets, and with Meital Bar David, Energy Analyst at Mizrahi Tefahot Bank | Market Report
14:35
The declines in the stock market are moderating. The TA-35 index loses 0.7%, TA-90 decreases by 1.1% and TA-Banks retreats by 1.2%. The trading turnover amounts to about NIS 1.5 billion.
Significant increases are recorded by ECL, Delek Group, Alon Gaz, Elbit Systems andBurnmiller .
Stock Cannbotech Jumps 12% after the company reported today that its Integrative Colon products eliminated over 90% of colon cancer cells during an experiment. The products are based on a combination of several cannabinoids from the cannabis plant, and various mushroom extracts. The experiment examined the effect of Integrative Colon products on a variety of colon cancers that represent different molecular changes that are common in different colon cancers. The company notes that these days Cannotech is developing a customization technology that is expected to hit the market, along with the products themselves, in the second half of 2022 in Israel and the United States.
13:10
The declines continue on the Tel Aviv Stock Exchange even at this time. TA-35 loses 1.9%, TA-125 falls by 2% and TA-90 falls by 2.2%. Tel Aviv-Bank declines by 2.9%.
The International Bank recorded record profits in 2021. The Bank’s reports published today show that the International Group’s net profit in 2021 amounted to NIS 1.4 billion, a jump of 87% compared to NIS 750 million in 2020. In the fourth quarter, the net profit amounted to NIS 333 million compared to NIS 210 million in the quarter Corresponding to 2020, an increase of 58.6%. The return on capital reached 14.7% last year compared to a return on capital of 8.6% in 2020 and in the fourth quarter it stood at 14%. Stock international Decreases by 2%.
12:20
The declines in the Tel Aviv Stock Exchange have deepened. Tel Aviv-90 is down 2%, Tel Aviv-125 is down 1.8%, and Tel Aviv-35 is down 1.7%. Tel Aviv Banks fell by 2.7%.
Stock Adika Falls by 33% while Quick Jumps by 47%. There are also noticeable declines in stocks golf , Norstar andRami Levi . Fuel group andRada Prominent in ascents.
11:00
The negative trend in Tel Aviv continues, in parallel with sharp declines in European stock markets. The TA 35 index fell by 1.5%, the TA 90 index fell by 1.7%, and the banks index fell by 2.6%.
Prominent declines are recorded golf , Norstar , Yohannoff Batam, Adika, Tadiran Fox and Rami Levy.
Quick Jumps by 58%. The online food retailer reported to the stock exchange that it is negotiating with Electra should establish a partnership “for the purpose of conducting online retail activity of products and services, first in the area of super products, food and not food, and later in other areas.” Electra should hold 51% of the ownership in the new partnership, and Quick will hold 49%, leaving the online food retailer with a minority stake.
Next Vision A technological growth company that develops, manufactures and markets a photographic solution, stabilized day and night for ground and aerial vehicles such as micro and mini drones and gliders, today reports its financial results for 2021. Revenues in 2021 amounted to $ 15 million, a growth of 91% compared to revenues in 2020, when they totaled about $ 7.8 million.The net profit increased in 2021 to about $ 5.7 million, about 38% of total revenue, compared to a net profit of $ 2.15 million in 2020.
10:00
A negative trend in the opening of trading on the stock exchange, in parallel with declines in world stock exchanges. The Tel Aviv 35 Index retreated 1.2%, and the Tel Aviv 90 Index decreased by 0.7%.
Prominent increases are recorded Fuel group Rada, Navits And ICC.
08:50
In the foreign exchange market, the trading week opened with a jump of the dollar by about 1% to a level of NIS 3.277. The euro on the other hand weakened by about 0.3% and traded around NIS 3,566.
08:15
Profit warning for Adika: Prior to the publication of the financial statements for 2021 as a whole and for the fourth quarter of the year later this month, the fashion retailer reported to the stock exchange last night (Sunday) that due to damage to the company’s inventory and sales, it expects the company to lose 53-56. a million shekels. The report also states that the fourth quarter is expected Adika Record a loss of NIS 25-28 million, compared to a net profit recorded in the corresponding quarter in 2020.
07:40
5 things you should know before opening trading on the Tel Aviv Stock Exchange
1. Expect a negative opening
The trading day on the stock exchange is likely to open in a negative trend. This is after yesterday the Tel Aviv 35 index rose by 0.1%, the Tel Aviv 90 fell by 1.1%, and the banks index retreated by 1% at the end of a volatile day. The trading turnover amounted to NIS 975 million.
Significant increases were recorded in the strain, Electra needs Aura, Scoop, ICL The Israel Company, Bernmiller and Brill.
2. Sharp declines in Asia, negative trend in contracts
Against the backdrop of the war in Ukraine, Asian stock markets opened the week with a significant negative trend. The Hong Kong Hong Kong Index fell 4% during trading, then declined and is now down 3.2%. The Shanghai index is now losing 1.5%, and the Nikkei in Tokyo is down about 3%.
Trading in futures contracts on US stock indices is down by up to 1.4% and the yield on 10 year US government bonds is down to about 1.70%.
3. Oil continues to soar, so does gold
Oil prices continue to rise: Brent oil futures, the global benchmark, now stand at $ 130 – a 10% jump. A US WTI oil contract is also climbing, standing at $ 125.7 – up 8.7%.
Earlier, Brent oil contracts soared to $ 139.1 a barrel – a record high since July 2008. The jump in prices came in the wake of U.S. Secretary of State Anthony Blinken, who said yesterday that Washington and its allies were considering banning oil and gas imports from Russia.
Gold also does not stop and the ounce price (contract for April) climbs 1.2% to $ 1,990.
4. Reports: The big banks will publish results
This week, among other things, the reports of the banks are expected to be publishedinternational (Today), eWorking (Tuesday), and Discount andnational on Wednesday. The results of Amot, Naikes, Tadiran and Cellcom will also be published.
5. Hapoalim: First interest rate hike in Israel as early as April
Finally, Bank Hapoalim notes in the weekly survey that central banks feel that they are “behind the curve” in adjusting monetary policy, and this was also hinted at in Powell’s testimony, in which he estimated that in order for the economy to continue to expand and create jobs, price stability is required. In other words, “the negative consequences of the war in Ukraine on economic activity are not expected to slow down interest rate increases at this stage. Commodities and the transmission of inflation. “
Why has the ten-year bond yield in Israel become higher than in the US? Workers’ economists note that “the war has raised inflation expectations on the one hand, but it is also raising the risk of an economic slowdown. In the United States, ten-year yields have declined in the past week to 1.73%.” In Israel, on the other hand, yields rose to about 1.9%. Inflationary pressures in Israel are lower than in the United States, and the effect of rising energy prices on inflation is relatively moderate in Israel. At a time when market risks are high, this is often in isolation from the basic economic data, or from the outlook for future monetary policy. On the other hand, the rise in yields in Israel probably reflects a tighter policy over time in light of the rise in inflation. “