Wed: Trump win lifts TA 35 Index to new record

NICE and Tower led he market higher today but Teva fell despite strong Q3 results.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.23% to another new record of 2,223.75 points, the Tel Aviv 125 Index rose 0.31% to 2229.49 points; and the BlueTech Global Index fell 0.46% to 430.39 points. The All Bond corporate bond index fell 0.05% to 386.98 points. Turnover totaled NIS 2.72 billion in equities and NIS 3.71 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.24% from Tuesday, at NIS 3.739/$, and the representative shekel-euro rate was set 1.866% lower at NIS 4.008/€.

Sapiens International NV (Nasdaq: SPNS; TASE: SPNS) rose 5.23% for the biggest rise on the Tel Aviv 35 Index today. Fattal Holdings (1998) (TASE: FTAL) rose 4%, NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 2.14% and Delek Group Ltd. (TASE:DLEKG) rose 3.2%.

Chip stocks fared well today with Nova Ltd. (Nasdaq:NVMI; TASE:NVMI) 3.46% higher, while Camtek (Nasdaq: CAMT; TASE: CAMT) rose 3.86% and Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) rose 3.47%.

Renewable energy companies fell sharply on US president elect Donald Trump's preference for conventional energies. Enlight Renewable Energy (Nasdaq: ENLT; TASE: ENLT) fell 5.91% for the biggest fall on the Tel Aviv 35 Index and and Energix Renewable Energies (TASE:ENRG) fell 4.62%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA fell 4.34% despite reporting strong third quarter results and raising guidance. ICL (TASE: ICL: NYSE: ICL) fell 2.28% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) fell 2.36%.

Published by Globes, Israel business news - en.globes.co.il - on November 6, 2024.

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