Tel Aviv Stock Exchange: Indices Rise Amid Stock Volatility
The Tel Aviv Stock Exchange closed Thursday with gains in the main indices. The TA-35 index rose by 1.22% to 4,095.39 points, while the TA-125 index climbed 0.92% to 4,021.68 points.
The Tel Aviv Stock Exchange closed today (Thursday) with gains in the two main indices. The TA-35 index rose by 1.22% to 4,095.39 points, and the TA-125 index rose by 0.92% to 4,021.68 points.
Among the top gainers, Tower led the market with a 5.02% increase to 64,800 agorot. Enlight Energy shares jumped 4.48% to 26,360 agorot. Other positive performers included Mor Investments (+4.32%), Gilat (+4.15%), and the Yohananof chain (+3.66%).
In the losers' category, Opko Health shares fell by 10.09% to 416.9 agorot. Notably, the stock had surged by 33.33% to 500 agorot just two days prior. Nice shares plunged 8.20% to 29,670 agorot, while Electra Real Estate declined by 7.13% to 3,232 agorot.
Sectoral Indices
Gains:
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TA Banks 5: 2.21%
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TA Renewable Energy: 1.65%
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TA Insurance: 1.58%
Declines:
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TA Software: -1.38%
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TA Communications and IT: -1.1%
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TA Income-producing Real Estate Abroad: -0.75%
Trading volumes reached approximately 4.1 billion NIS in the stock market, with 4.8 billion NIS in government bonds and 5.5 billion NIS in corporate bonds.
«We are seeing a rally in chip stocks after sharp declines in recent days. The SOX index is currently rising by about 7%, and Microsoft shares are jumping by about 15% following its cloud activity, which gave a tailwind to the price increases on the Tel Aviv Stock Exchange», — noted the exchange experts.
Experts further noted that geopolitical uncertainty and oil prices near 90 dollars per barrel are sustaining high inflation, pushing US 10-year bond yields to approximately 4.65%. In Israel, the market anticipates that the Bank of Israel will lower interest rates on September 1, potentially bringing Israeli rates below US levels for the first time in a long period.
