Ongoing reporting from the Tel Aviv Stock Exchange: the important updates, the prominent stocks, the bonds and the analysts’ updates
17:25 – Stable lock on the stock exchange ahead of the inflation data to be published at 18:30: The Tel Aviv 35 and 125 indices were closed without significant movement.
Banks after the reports – Poalim was cut by 2.3%, Mizrahi Tefahot strengthened by 0.6%, the Banks Index was cut by 1.1%.
Micronet rose 5.2% following the financial results. Aluma Infrastructure jumped 14% on its first day of trading on the stock exchange.
14:40 – Aluma Infrastructure shares (led by Yinon Yogev, Uri Yogev and Molly Rabina) jump by 19% on the fund’s first trading day on the stock exchange, to a value of NIS 304 million – turnover in the stock is low, currently at NIS 201,000.
12:50 – Nova is up 0.2% and if it continues to maintain the plus, it is expected to complete a positive sequence of 8 days, the longest in Tel Aviv 125.
11:00 – Mizrahi Tefahot concludes the third quarter with a net profit of NIS 845 million, compared with NIS 387 million in the corresponding quarter in 2020 – a jump of 118%. The return on equity was 17.3%, compared to 9.5% in the corresponding quarter. Revenues amounted to NIS 2.61 billion, compared with NIS 1.92 billion in the corresponding quarter.
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(Photo: Uriel Cohen)
10:50 – Micronet results: Revenues in the third quarter amounted to NIS 5.1 million, compared with NIS 1.2 million in the corresponding quarter. The quarterly operating profit was NIS 5.2 million, compared with a loss of NIS 2.45 million in the corresponding quarter. The net profit was NIS 7.3 million, compared with a loss of NIS 3 million in the corresponding quarter.
10:00 – Trading opens: TA 35 and TA 125 indices without significant change, TA Banks decreases by 0.4% – workers weakened by 0.9% at the bottom of the sector after the publication of the financial results.
Nova is up 1.5% at the top of Tel Aviv 35, Energix is down 1.3% at the red end of the index.
Jensel climbs 5% at the top of Tel Aviv 90 after the announcement of a pilot in the field of electric charging for cars (see previous update); Magic followed with an increase of 3.3%, after the publication of the reports.
9:50 – Gensel enters the field of electric vehicles and is piloting EV MOTORS, which will implement Gensel systems in its charging stations in Israel and abroad. By EVM in China and around the world.
EV MOTORS is a car importer that focuses only on electric cars and also serves as the sole representative in Israel of the Chinese company Sun Surplus Energy, which operates, among other things, in the field of production systems, storage and charging of energy for electric vehicles. Gencel develops and manufactures green energy solutions for backing up and supplying hydrogen-based fuel cells that run on hydrogen.
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Jencel’s fuel cells
9:00 – Magic results: Third-quarter revenue rose 27.4% to $ 120 million. Operating profit rose 9.2% to $ 12 million. Net income rose 4.8% to $ 7.5 million – Non-GAAP net income rose 24.5% to $ 11.8 million.
8:45 – Reit 1 results: NOI in the third quarter rose by 13% to NIS 92 million; The FFO rose by 11% to NIS 66.7 million.
Also published results: Alrov Real Estate, Micronet, Gamma, Genius Group.
8:30 – Elbit Systems has won a $ 106 million contract to supply state-of-the-art cannon systems in Asia-Pacific – a contract period expected to be 5 years.
The return on equity was 11.8%, compared with a return of 8.8% on equity in the corresponding quarter. The Bank’s Board of Directors announced a dividend of NIS 862 million.
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(Photo: Aviv Gottlieb)
7:00 – Calcalist reports:
7:00 – The Tel Aviv Stock Exchange will open later this morning ahead of a busy day with a series of fronts, including the opening of the bank reports season – Poalim will publish its financial results in the coming hours.
On the macro front – the market is waiting for the inflation data for October, which will be published after the close of trading, and in the face of the global upward price trend. Forecasts are for an annual increase of 2.6% in the price index, after reading 2.5% in September.
The other overseas front: Investors will follow the trend in global markets that asset during the day for a new trading week. In Asia, a mixed trend – Nikkei is up 0.5%, Hang Seng is down 0.1%, Shanghai is down 0.3%; Contracts for the Dow Jones and S&P 500 are stable, with NASDAQ rising 0.1%.
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Tel Aviv Stock Exchange
(Photo: Bloomberg)
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