Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
17:27
The trading day in Tel Aviv closed mainly with declines. TA 35 and 125 dropped about 0.2%, TA 90 closed unchanged, and the banks index retreated 2%, with a sharp drop of 5.5% toDiscount Who has updated that he is going out to issue shares for the purpose of raising capital. The oil and gas index ended up 1.2%, the biomed index advanced more than 1%. The trade turnover amounted to NIS 2.4 billion.
Significant declines were recorded Yohannoff (Which published reports), Reinforcement , Daniel , Energian andNavits . On the other hand, there were sharp increases for TGI, Liniag, Anvision (Which reported sales of 4 ENvue systems and feed pipes to three hospitals in Virginia), Fatal (Which also published reports), Isramco Ratio, Tectona and more.
15:55
Slight declines are recorded in most of the indices on the stock exchange, including TA 35 and 90, which shed 0.2% and the banks and construction indices, which lost 1.5%. On the other hand, the oil and gas index rose by 1.7%, and the biomed index by 0.9%. NIS 1.63 billion.
Sharp declines register reinforcement and Yohannoff after the reports (see previous updates), and also Bank Discount Loses close to 4.5% and is located at the bottom of Tel Aviv 35. On the other hand, Fattal jumps by 8% and other significant increases are recorded in TGI (Formerly a former gardener), Hyper Global Liniag, Ratio , New Med And Israeli shipyards.
S.R. chord Under the control of Adi Zim, it entered into an investment agreement and the acquisition of 51% of the Arno Group’s share capital for NIS 16 million. The company was given an option to purchase an additional 9% in exchange for NIS 2.8 million.
Tamar Petroleum Jumps after reporting that its revenues in 2021 (net of royalties) totaled about $ 201.3 million compared to $ 212.1 million in 2020. According to the company, the change is mainly due to a decrease of 10.9% in the average price of natural gas. Net income fell to $ 39.7 million compared to $ 88.3 million the previous year, with the company attributing this to the $ 39.7 million oil and gas profits levy first recognized in 2021.
Beit Shemesh engines Reported that sales in 2021 totaled approximately $ 131.6 million, compared to approximately $ 140.4 million in the previous year. In addition, it posted a net loss of $ 2.3 million, compared to a net profit of about $ 4.6 million in 2020.
14:15
The mixed trend in the stock market continues. The Tel Aviv 35 Index is down 0.1%, and the Tel Aviv 90 Index is down similarly. The trade turnover amounts to NIS 1.15 billion.
Company Plains It deals with income-producing real estate investments in Israel and the United States, today reported a 240% jump in the consolidated net profit last year, compared to 2020, to a level of about NIS 149 million. The FFO (extended solo) in 2021 amounted to approximately NIS 25 million, an increase of 53% from 2020 and 170% from 2019. The company’s total revenue (consolidated) in 2021 was approximately NIS 454.5 million, compared with approximately 433.2 NIS 1 million in 2020.
Company Reinforcement Reported that revenues in 2021 amounted to NIS 1.02 billion, compared to NIS 868.9 million in 2020. The net profit attributed to the company’s shareholders increased 2.4 times and amounted to NIS 24.3 million, compared with NIS 10.4 million in 2020.
12:40
Stock Anvision Medical Leaps after the company reported sales of 4 ENvue systems and feeding tubes to three hospitals in the Valley Health network operating in Virginia. Envision sells electromagnetic navigation systems that help insert tube (Zonda) tubes.
light Records a sharp rise after publishing good reports today. Revenues in 021 grew by 14.1% to NIS 413.7 million and net profit last year rose to NIS 50.8 million.
Harel Investments Reported today that the total profit after tax in 2021 amounted to a peak of about NIS 1.52 billion, compared to a total profit of about NIS 834 million in 2020 – an increase of about 83%.
11:40
Company Alrov Real Estate It is reported that Zion Keinan, the former CEO of Bank Hapoalim, resigned from his membership on the company’s board of directors.
11:05
The Tel Aviv 35 Index is currently down 0.2%, and the Tel Aviv 90 Index is up slightly. The trading turnover amounts to NIS 370 million.
Stock Yohannoff Falls after the company ended 2021 with revenues of NIS 3.7 billion, compared to revenues of NIS 3.3 billion in 2020, an increase of 12.6%. The net profit amounted to NIS 210 million, compared with NIS 127 million in 2020.
Sharp stock declines further Daniel Melren, Discount, Energian, Navits andEnergix .
10:00
The trading day on the stock exchange opened with a mixed trend. The Tel Aviv 35 Index is down 0.6%, and the Tel Aviv 90 Index is up slightly. The banks index falls by about 2%.
Notable declines are recorded in the fuel group, Discount , Working Arrows and Fox.
Company Afcon Holdings Reported today that the group’s revenues in 2021 amounted to NIS 2.1 billion, compared to NIS 1.7 billion in 2020. Revenues in the fourth quarter amounted to NIS 602 million, compared with NIS 472 million in the corresponding quarter. The net profit in 2021 amounted to NIS 121 million, compared with NIS 15 million in 2020.
08:40
Haim Katzman, the controlling owner of the holding company Norstar , Strengthens his control of the company. Today, Norstar reported that Katzman has signed a cooperation agreement with contractor Yitzhak Sela, who currently holds about 5% of the voting rights in the company.
Company High school builders Reported this morning that revenues in 2021 increased by 74% to NIS 523.6 million. The net profit amounted to NIS 55.3 million.
In the foreign exchange market, the dollar strengthened by about 0.1% and traded around NIS 3,226, and the euro weakened by about 0.5% and traded around NIS 3.53.
07:40
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 a volatile day on the stock exchange ended yesterday with slight declines in the leading stock indices. The TA 35 index decreased by 0.1% and the TA 90 by 0.3%; The oil and gas index jumped by 4%, and the banks index retreated by 1.1%. The trade turnover amounted to NIS 1.18 billion.
2. A mixed trend in Asian stock markets
Asian stock exchanges are trading today in a mixed trend, with the Tokyo Nikkei down slightly while in Hong Kong the Heng Seng index is up 1.3%.
Contracts with US stock indices are slightly declining.
3. Oil loses altitude
In the commodity trading sector, oil is losing ground. A May contract for Brent crude fell 2.5 percent to $ 117.5 a barrel, and a WTI crude fell 3 percent to $ 110.5 a barrel.
Gold is trading down slightly.
4. Reporting season: Improving Fattal and Sonol results
The reporting season is peaking these days. Snow Reported yesterday after the end of trading a net profit of NIS 252 million in 2021, compared to a net profit of NIS 215 million in 2020. The company’s revenues increased by 1.5% and amounted to NIS 1.83 billion last year.
Fattal Holdings Reported revenues of about NIS 3 billion in 2021, compared to about NIS 1.9 billion in 2020. On the bottom line, the company recorded a loss of NIS 226 million, compared with a loss of NIS 1.3 billion in 2020.
Today and in the coming days will publish reports Big , Elbit Systems Yohannoff and many other companies.
5. Workers’ economists: Very high indices are expected
Finally, Bank Hapoalim economists note in their weekly survey that at a current barrel price of about $ 120, the price of gas at stations will rise by about 7% in April (without a change in excise tax on fuel). “In the short term we expect very high price indices: 0.8% in March, 1.0% in April, 0.5% in May. Prices of flights abroad are expected to rise sharply in the coming price indices, as well as the housing section, which will be affected by rising house prices. And from Ukraine. “The latest inflation forecast we published was 3.1%, but at the current price of oil and goods, we estimate that the forecast will be updated upwards.”
“The Bank of Israel is signaling that interest rate rises will also be faster than expected in Israel. Rising real estate prices, a return to full employment and upward surprises in the latest consumer price indices are reducing the central bank’s degrees of freedom. The derivatives market now embodies the Bank of Israel’s interest rate at a level of about 1.5% in about a year, an estimate that seems reasonable to us. ”