Ongoing reporting from the Tel Aviv Stock Exchange: the important updates, the prominent stocks, the bonds and the analysts’ updates
15:50 – The stock market closed its first day of the week stable – TA 35 climbed 0.1%, TA 125 weakened 0.3%, TA Banks retreated 1%.
ICC jumped 6.8% in the highest turnover on the stock exchange and closed with a market value of more than NIS 48 billion – the highest on the stock exchange. The Israel Company, which controls ACC, also jumped 6.8%.
Electra should have jumped 7.8% after announcing that it would bring the giant retailer Carrefour to Israel.
15:10 – Trading trends on the stock exchange: On the positive side – Ormat strengthens by 1.5% and properties and building rise by 1.9%, both on Friday in the ascending sequence. On the downside – Epic Properties is down 2.3% and Plains is down 0.2% – both on the tenth consecutive day of declines.
13:00 – Tel Aviv Communications falls by 1.9% and Tel Aviv Yaniv abroad weakens by 1.8%, both at the bottom of the stock exchange’s industry indices – Forplate falls by 8.9% at the bottom of the Tel Aviv index; .
ACL, with today’s jump, in the face of Leumi’s retreat, becomes a company with the highest market value on the Tel Aviv Stock Exchange, NIS 48.2 billion – followed by Leumi with NIS 47.3 billion.
12:00 – Positive Ormat Tech, towards closing 6 in a row, the highest positive sequence in Tel Aviv 35.
11:25 – Nofar, in partnership with Electrum Portfolio, is purchasing solar projects with a total capacity of approximately 412 megawatts. The total cost of setting up the projects in the deal stands at 253 million euros and they are expected to yield annual revenues of 29 million euros. At the same time as the report, Nofar, together with Keren Noy, announced that they had signed a memorandum of principles for the sale of produced electricity (PPA) at Olmedilla, a 169-megawatt solar project in Spain that is expected to connect to the electricity grid in the coming weeks.
11:00 – The decline in Tel Aviv 125 intensifies, to minus 0.8%, while at the bottom of Kamtech it falls by 9.7% and productivity loses 6.4%.
10:00 – Opening a week in the red, especially in the banks: the Tel Aviv 35 index is down 0.4%, the Tel Aviv 125 is down 0.6%, Tel Aviv Banks is down 1.4% – Poalim and Discount are down 1.3%. A positive positive arbitrage ICC by 5.6% at the top of Tel Aviv 35 – along with a 5% increase in the controlling shareholder of the Israel Corporation – a negative gap drops Nova by 6.8% at the bottom of the index. Electra needs to climb 2.8% after the reports and the announcement of a cooperation agreement with Carrefour (competitor Shufersal is down 1.8%).
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ACE Dead Sea Works
(Photo: Amit Shaal)
9:05 – Photomine updates that the American genealogy company Ancestry, which is controlled by the investment fund Blackstone, announced over the weekend that it will integrate the Israeli company’s technology into its mobile applications, as part of the agreement that Photomain first reported in January 2022.
8:40 – Electra needs to eliminate Mega and Bitan wines brands: The company signed a memorandum of understanding with Carrefour to open a chain of supermarket stores in Israel – Karpur’s first branches will open by the end of the year and within 3 years more than 150 Bitan and Mega wine branches will be converted to the French brand. The largest supermarket in Europe.
The company reported a 110% increase in revenue in the fourth quarter to NIS 1.5 billion; Operating profit increased by 171% to NIS 56.6 million – net profit was NIS 13.1 million, compared with NIS 10.6 million in the corresponding quarter.
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Zvika Schwimmer, CEO of Electra Consumer
(Photo: Doron Bersky)
7:10 – The Tel Aviv Stock Exchange enters a new trading week, of course still under the continuation of the impact of the war in Ukraine.
The sharp rises in oil will provide support to the domestic market sector: Brent finished last week at $ 118.1 a barrel, the WTI at $ 115 a barrel; Last year’s 10-year U.S. bond closed a very volatile week on Friday, with a yield of 1.74%. The yield on the corresponding bond in Israel (0432) is 1.94%.
Against the backdrop of trading, the negative close recorded on Friday in New York – Dow Jones was down 0.5%, Nasdaq was down 1.7%, S&P 500 was down 0.8%. , Of 1.6% in the Nasdaq and 0.5% in the S&P 500.
Nova returns to the stock market with a negative arbitrage of 8.3%, LivePerson with minus 4.7% and drowned at minus 4.2%. To the gaps opened in the other senior duality of the stock exchange: positive – ICC 6.5%, Tower 0.5%, Nice 0.1%, Ormat Tech 0.3%, Elbit Systems less than 0.1%; Negative – Canon 1.2% -, Ofco 3% -.
On the agenda in New York this week, among other things, are the US inflation data for February – ahead of the Fed’s interest rate announcement on Wednesday in a week and a half. The forecasts are for a 7.9% rise in the price index, following a 7.5% rise in January. Oracle, on Thursday night.
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(Photo: Bloomberg)