Israel Stock Market Closes Higher on Sunday
The Israel stock market closed higher on Sunday, buoyed by gains in the technology and financial sectors. The TA 35 index rose by 0.17% at the end of the trading day in Tel Aviv.
Nova Leads the Session with Impressive Gains
Nova, listed on the Tel Aviv Stock Exchange, was the best performer of the session, with its stocks increasing by 5.62% or 2,910.00 points, reaching a closing price of 54,680.00. Investors responded positively to the company’s recent developments, driving the stock to achieve all-time highs.
Other Top Performers Include Camtek Ltd and Phoenix Holdings
Camtek Ltd and Phoenix Holdings also experienced positive gains during the trading session. Camtek Ltd saw a rise of 3.08% or 880.00 points, closing at 29,470.00, while Phoenix Holdings’ stocks increased by 2.95% or 110.00 points, ending at 3,840.00.
Electra Ltd and Melisron End the Session as Worst Performers
Electra Ltd and Melisron were among the worst performers of the session. Electra Ltd saw a decline of 2.13% or 3,090.00 points, closing at 141,780.00, while Melisron experienced a decrease of 1.85% or 510.00 points, ending at 27,070.00.
Stock Market Indicators
Out of 535 stocks listed on the Tel Aviv Stock Exchange, 290 declined, 165 advanced, and 81 remained unchanged at the end of the trading session. Overall, falling stocks outnumbered gaining ones during Sunday’s session.
Commodities Trading
In commodities trading, crude oil for March delivery experienced a decline of 0.70% or 0.52, with a barrel of oil priced at $73.43. Brent oil for delivery in March also experienced a slight decline of 0.63% or 0.50, with a barrel priced at $78.60. On the other hand, the February Gold Futures contract rose by 0.50% or 10.20, with a troy ounce of gold trading at $2,031.80.
Currency Exchange Rates
The exchange rates for the Israeli Shekel remained relatively steady. The USD/ILS pair declined by 0.30%, with the US dollar valued at 3.74 Shekels. The EUR/ILS pair remained unchanged, with the Euro valued at 4.08 Shekels. Meanwhile, the US Dollar Index Futures saw a decline of 0.27%, reaching a value of 103.03.
Analyst comment
Positive news. The Israel stock market closed higher, driven by gains in the technology and financial sectors. Nova, Camtek Ltd, and Phoenix Holdings were top performers, while Electra Ltd and Melisron were worst performers. Falling stocks outnumbered gaining ones. Crude oil and Brent oil experienced slight declines, while gold futures rose. The exchange rates for the Israeli Shekel remained relatively steady. Analysts predict continued stability and cautious trading in the market.
