Tel Aviv closed down, Tel Aviv 35 index lost 0.8%

by time news

Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations

17:30

The trading day on the Tel Aviv Stock Exchange ended in declines. The Tel Aviv 35 Index decreased 0.8%, the Tel Aviv 90 Index lost 0.6% and the Tel Aviv 125 Index weakened by 0.7%.

Of the industry indices, the Biomed index recorded the sharpest decline and lost 1.4%, the insurance index fell by 1%, the finance index retreated 0.7% and the banks index lost 0.5% contrary to the trend, the oil and gas index rose by 0.5%.

Ormed plunged 20%, and Discount Bank shares fell 1%.

16:45

The declines in Tel Aviv have moderated slightly and the leading indices are down 0.5%. The leading insurance index is down 1%.

15:30

The dollar rose by 0.7% and its representative rate was set at NIS 3.11. The pound advanced 0.1% to a rate of NIS 4.15 and the euro strengthened by 0.4% to a rate of NIS 3.49.

15:05

The negative trend in the stock market continues, with the TA 35 index weakening by 1% and the TA 90 shed 1.3%. The trade turnover amounts to about NIS 1 billion.

After jumping 9% yesterday, Retailers Continues to concentrate interest even today and increases by 5%. also Plasanmore , Vitanya and Arco record beautiful increases. Taurus Tech Jumps 10% after announcing today a significant value overflow in its first investment in Vesttoo 7 months ago. Vesto announced yesterday the completion of a $ 15 million round of funding at a value of $ 300 million “after the money.” Shor Tech invested $ 2 million in the company last April at a value of only $ 20 million.

IBI Investment House responded to third quarter reports Elbit Systems , And maintained a market return recommendation at a target price of $ 142 per share. According to research director Liran Lublin, “The report was good and slightly above our early expectations. After improving growth Elbit also shows an improvement in margins that rolls to an impressive bottom line. We believe that Elbit faces other significant challenges such as improving cash flow and maintaining profitability rates. “Looking ahead, during the fourth quarter, Elbit issued a number of contracts on a significant scale that will continue to support the company’s Sabra for the coming years and we believe that the slowdown in Sabra’s growth is spot on.”

READ Also:  Stable lock in Tel Aviv ahead of inflation data; Aluma jumped 14% in the premiere

The defense company recorded 20% revenue growth in the third quarter and totaled $ 1.36 billion, while non-GAAP net income attributable to shareholders reached $ 103 million, which is $ 2.33 per share, a jump of more than 40% compared to last year.

13:50

Lock Published its results for the third quarter of the year, and showed a 21.9% increase in its sales (which amounted to NIS 125 million). At the same time, the company ended the quarter with a loss of NIS 10.1 million (compared with a profit of NIS 3.8 million in the corresponding quarter last year). According to the company, this is due to the increase in the prices of raw materials and shipping and a one-time expense related to the listing of the company’s shares for trading and raising capital, in the amount of NIS 9.6 million.

13:10

Significant gains are now recording stocks Axillion , Togder, Electrion , Arco and Ista.

The participation unit of Taurus Tech Leaps after Vesttoo announced yesterday the completion of a $ 15 million round of funding at a value of $ 300 million “after the money”. In April 2021, Shor-Tech invested $ 2 million in the company at a value of $ 20 million “before the money”.

Company The Marman plant Reported that revenues in the third quarter increased by about 10% compared to the corresponding quarter last year, and amounted to about NIS 99.1 million. Net profit for the quarter increased by approximately 34.5% and amounted to approximately NIS 23.2 million.

Group Electra Reported that revenues in the third quarter of 2021 grew to approximately NIS 2.27 billion. Net profit for the quarter increased by 4.7% compared to the corresponding quarter last year to NIS 53.2 million.

11:00

The Tel Aviv 35 Index is now retreating by 1.1%, and the Tel Aviv 90 Index is down 1.7%.

The bank’s net profit einternational In the first nine months of the year, it amounted to NIS 1.07 billion, an increase of 99% compared to the same period last year. The return on equity reached 15.3%. In the third quarter of the year, net profit amounted to NIS 364 million, compared with NIS 201 million in the corresponding quarter last year.

READ Also:  Prosecutors can gain access to bank secrets in corruption cases

The non-bank credit company Shoham Business Successfully completed an institutional tender with excess demand for Series D bonds in the amount of NIS 150 million at an interest rate of 2.9%. As part of the institutional tender, requests in the amount of NIS 218 million were received. To raise about NIS 100 million.

Medical Cannabis Company Togder Reports that it has started selling medical cannabis inflorescences from a farm in Uganda to a country in the EU. A batch of medical cannabis inflorescences, which arrived in a total shipment of 440 kg from Uganda, will be marketed by the German company Cantourage.

Company Excel Updates that it won a new tender from a telecom operator in Israel and as a result it received orders to purchase Fiber routers and new and advanced generation network equipment, in accordance with the terms of the agreement, in the amount of approximately $ 5.5 million for delivery by the end of 2022.

10:00

Negative trend in opening trade. The Tel Aviv 35 Index retreated by 0.6%, and the Tel Aviv 90 Index decreased by 0.7%.

Prominent declines are recorded Gilat , Cellcom, Perrigo, LivePerson and Novolog.

Magorit The Harit Residential Fund, which specializes in long-term leases, reports a net profit of NIS 121.9 million in the three months ended September, and a net profit of NIS 125 million, a profit from the beginning of 2021.

Harit Foundation Yields Announced today two deals for the purchase of two income-producing properties in the southern industrial area of ​​Or Yehuda and in the center of Acre. The total volume of the two transactions amounts to approximately NIS 97 million, not including transaction expenses.

08:55

Company Isracard Reported a net profit of NIS 99 million in the third quarter, compared to a profit of NIS 61 million in the corresponding quarter last year.

Elbit Systems Posted a net profit of about $ 103 million in the third quarter, compared to a profit of about $ 73 million in the corresponding quarter.

08:40

Bank Discount This morning it reported that the net profit in the third quarter of the year amounted to NIS 722 million, compared to a profit of NIS 258 million in the corresponding quarter last year, a jump of 179%. The return on capital in the third quarter of the year reached 14.5% compared to 5.5% in the corresponding quarter last year.

READ Also:  The Ministry of Industry and Trade sees no need for a complete ban on the export of scrap

In the foreign exchange market, the dollar continues to strengthen and rises by 0.2% to NIS 3,095, while the euro weakened by 0.2% to NIS 3,477.

07:45

5 things you should know before opening trading on the Tel Aviv Stock Exchange

1. Expect a mixed opening

The trading day on the stock exchange is likely to open with a mixed trend. This is after yesterday the stock market closed with price increases. The Tel Aviv index rose by 0.7%, the Tel Aviv 90 rose by 1.1%. The banks index soared close to 3%.

2. Mixed lock on Wall Street

Leading Wall Street indices closed last night in a mixed trend amid Biden’s decision that Jerome Powell would continue for another term as chairman of the Federal Reserve. Minimal. Yields on U.S. government bonds soared, and yields on the 10-year bond rose 9 basis points to 1.62 percent.

The duality will weigh on the market

Most of the major dual stocks have returned with negative gaps and are expected to fall this morning: Nice With about 1.9%, nature 1.5%, Elbit Systems 1.4%, Nova 1.9% and LivePerson 2.7%.

4. Reports: A sharp increase in stock market profits

The TASE reported last night that revenues in the third quarter amounted to NIS 75 million, an increase of 4% compared to the corresponding quarter last year, despite a 10% decrease in the number of trading days. The profit in the third quarter amounted to NIS 9.6 million, a jump of 79% compared to the profit in the corresponding quarter last year.

Today they will report, among other things, Elbit Systems , Bank Discount , The International Bank, Isracard and Rav Briach.

5. Mixed trade in Asia and contracts

In the commodity trading segment, oil contracts are now trading down slightly. In the crypto segment, Bitcoin is up about 1% at around $ 56,600 and Ether is up 2% and is trading around $ 4,160.

In the Asian stock markets a mixed trend is recorded and also in futures contracts trading on the US stock exchanges the trend is mixed.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.