Ongoing reporting from the Tel Aviv Stock Exchange: the important updates, the prominent stocks, the bonds and the analysts’ updates
17:25- The Tel Aviv Stock Exchange closed the last trading day of the week in a negative trend – the Tel Aviv 35 flagship index weakened by 0.6%, Tel Aviv 125 retreated by 0.8% and Tel Aviv Banks climbed by 0.1%.
Among the prominent movements – Paz Oil jumped by 7.1%, Millennium FoodTech jumped by 28.4% in high turnover and Nova fell by 5.5%.
International weakened by 0.2% and a continuum of 12 days of gains.
In the summary of the first trading week of 2022 –
TA 35 climbed 1.3%, TA 125 rose 1.6%, TA Banks jumped 4% and TA Oil and Gas jumped 8.7%.
Amot led Tel Aviv 35 with a weekly increase of 8.2%, Ofko closed the index with a weekly decrease of 10.3%.
In oil and gas shares, Ratio soared 17.2% this week, Delek Group jumped 11.3%, Ratio Petroleum added 10.8%, Delek Drilling rose 10% and Isramco climbed 8.5%.
14:20 – Index indices on the stock exchange: ACC leads Tel Aviv 35 with an increase of 1.3%, Ofco closes the index with a decrease of 4%. The index.
12:35 – The declines of day opening are moderating slightly, but the leading indices are still in the red. TA 35 retreated 0.6% and TA 125 weakened 0.8%. In contrast, the banks index rose 0.3%.
10:55 – The share of the International Bank has moved to a positive trend and is climbing 0.4% on the 13th consecutive day of gains. The rest of the banks’ shares are down – Poalim weakened by 0.8%, Discount and Leumi retreated by 0.3% and Mizrahi Tefahot lost 0.1%.
High excess demand was recorded in the issuance of Edgar bonds. The company won demand of about NIS 519 million in the institutional phase of the Twelfth Series. The company raised about NIS 250 million at a return of about 0.43% CPI-linked, lower than the maximum return of about 1.25% offered to investors.
10:00 – Trading opened in declines after last night’s fall in technology stocks in New York: the Tel Aviv 35 index was cut by 1.2%, all its shares in red, Tel Aviv 125 retreated by 1.4%. The oil and gas index weakened by 2.2%, and the banks retreated around 1%. Prominence in the opening – Nice retreated 3.2%, Tower cut 2% and Teva lost 1.6%.
7:25 – Ronen Menachem, Chief Economist at Mizrahi Tefahot Bank: “Yesterday’s sharp declines in US markets and this morning in Asian markets and contracts on European markets reflect the great importance and sensitivity of global stock and bond markets for a radical change in the Fed’s approach and future policy.”
According to Menachem, “The Fed is now looking beyond the wave of the omicron and is starting the path to a balanced monetary policy. Today the policy is (still) very broad, given the inflation of 7% -6% (which may rise further), so it is a long way, the Fed is determined He wants to do everything – and fast. Stop buying bonds and already reduce the huge balances he bought (he has 8.3 trillion debt in the balance sheet) and do so immediately after the first interest rate hike. Remember, the Fed expects 3 interest rate hikes this year and therefore in the market We understand that in 2022 the Fed will act on all fronts to balance policy as quickly as possible. “
In the local aspect, Menachem said that “of course, we follow what is happening in the US stock markets and that their conduct has an impact on what is happening on the Tel Aviv Stock Exchange. However, the transmission should not be complete, because as we saw this week, the Bank of Israel differentiates inflation. In Israel than abroad, it is much lower here, and for the time being places more emphasis on the consequences of the omicron. “Here, too, there is no question of reducing the purchases of properties, because the plan has in fact ended.”
7:00 – The Tel Aviv Stock Exchange will open the last trading day of the week against the backdrop of the sharp declines last night in New York (NASDAQ deleted 3.3%) and this morning in Tokyo which weakened by 3%.
Trading on Wall Street closed last night in the red, following the publication of the minutes of the last meeting of senior US Federal Reserve officials. According to the tone taken by the Fed members regarding the start of bond sales held by the bank, investors believe that the Fed is more concerned about inflation than it was before and is determined to start raising interest rates soon.
The NASDAQ index fell 3.3%, the S&P 500 deleted 1.9% from its value. The Dow Jones index lost 1.1% in its first daily decline in 2022 – after two days of gains.
Yesterday, another green lock in the stock market that has maintained a positive continuum since the beginning of the year: the Tel Aviv 35 index climbed 0.7%, the Tel Aviv 125 added 0.8%. The oil and gas index climbed 1.4%. The cannabis index continued to lead another day – strengthened by 3.1% and this week jumped by 20%.
Migdal Insurance rose by 1.2%, Calcalist revealed that Yossi Ben Baruch agreed to be appointed CEO of the parent company Migdal Holdings, in exchange for leaving the position of VP of Migdal Insurance. Calcalist also learned that Daniel Sapir is expected to be elected CEO of Cellcom, which has strengthened by 4.5%.
The flagship stood out – Big rose 3%, Tower climbed 2.9%, Teva added 2.6%, LivePerson cut 3.1% at the bottom. Gilat jumped 7.5% at the top of Tel Aviv 90. The agro-tech company Plantark jumped by 20.4%, receiving a permit in the US to market a garden that confers resistance to herbicides.
1 View the gallery
Tel Aviv Stock Exchange
(Photo: Bloomberg)
.