Israel Stocks Dip as TA 35 Index Closes Lower by 0.67%
TEL AVIV, July 16 – Israel stocks saw a downtrend on Sunday, with the TA 35 index closing down 0.67%. The Tel Aviv Stock Exchange (TASE) experienced a day marked by mixed performance across various sectors.
Top Performers
The leading stocks of the session were:
- Delek Group: Surged by 3.39% or 1,220.00 points, closing at 37,200.00. This robust performance highlighted the company’s resilience in the current market conditions.
- Nova: Added 2.23% or 1,930.00 points, ending at 88,300.00. This represented all-time highs for the stock, underscoring investor confidence.
- OPC Energy Ltd: Increased by 1.37% or 36.00 points, closing at 2,670.00.
Worst Performers
On the flip side, the session’s laggards included:
- NICE Ltd: Declined by 3.30% or 2,120.00 points, ending at 62,170.00. The fall reflects ongoing market pressures.
- Ashtrom Group Ltd: Dropped by 3.15% or 146.00 points, closing at 4,494.00.
- ICL Israel Chemicals Ltd: Decreased by 2.31% or 39.00 points, settling at 1,649.00.
Market Breadth
The market breadth was negative with 329 declining stocks outnumbering 123 advancing ones, while 87 remained unchanged. This imbalance points to a bearish sentiment prevailing in the market.
Commodity Futures
In the commodities market:
- Crude oil for August delivery was marginally down 0.17% or $0.13, trading at $78.05 per barrel.
- Brent oil for August delivery decreased by 0.10% or $0.08, hitting $82.67 per barrel.
- August Gold Futures rose significantly by 1.31% or $30.40, trading at $2,348.40 per troy ounce. Gold prices saw a surge, likely owing to increasing market uncertainties and demand for safe-haven assets.
Currency Exchange
In the Forex market:
- USD/ILS edged up 0.17%, reaching 3.72.
- EUR/ILS dropped 0.14%, falling to 3.98.
- The US Dollar Index Futures slipped slightly by 0.04%, settled at 105.17.
Conclusion
The TASE's mixed dynamics reflect the broader economic uncertainties and investor sentiments. As notable stocks like Nova reach all-time highs and Delek Group continues to attract investor interest, market participants keenly watch the movement of commodity futures and currency exchanges. Israel stocks continue to navigate an unpredictable economic landscape, with key market indices providing critical insights into future trends.
For more details, visit the Tel Aviv Stock Exchange and stay updated with market dynamics.
