2023-12-27 08:20:39
Tel Aviv Stock Exchange Trading Overview
The opening of trading on the Tel Aviv Stock Exchange is expected to have a mixed trend today, following a decline in the market yesterday. The Tel Aviv 35 index fell by 1.5%, while the Tel Aviv 90 index shed 1%. Industry indices such as the Biomed Index, the bank index, and the insurance index also experienced declines.
Hanan Mor, representing a group of creditors, has requested an extension to delay proceedings in a debt settlement case. Orbit, a company that specializes in electronic products, received an order worth approximately 2.8 million dollars from the Israeli Ministry of Defense.
In Asia, main indexes are trading higher this morning, with Japanese stocks such as Nippon Yusen, Mitsui OSK Lines, and Kawasaki Kisen Kaisha performing well. Wall Street also saw gains yesterday.
Meanwhile, Intel has seen significant growth this year, with an increase of 91% since the beginning of the year. Other notable movements include Zim’s sharp fall and Stratsys receiving a purchase offer from nano dimension.
The local debt market saw offers recorded yesterday, with the 10-year government bond yield increasing by 4 basis points to 3.84%. On the commodities front, oil prices climbed to the highest price this month and cryptocurrencies recorded declines.
Looking ahead, analysts are predicting a neutral trend in the global oil and gas sector in 2024, pending the resolution of issues in the Red Sea. Local factors, such as the New Med deal and the stability of demand in Egypt and Jordan, will also impact the pricing in the gas sector.
Overall, the trading overview depicts a dynamic and diverse market with various trends and movements across different sectors and markets. Stay tuned for more updates as the trading day unfolds.
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