Israeli TA 35 Index Gains 0.62% Led by Financials

Tel Aviv Market Closes Higher

The Tel Aviv TA 35 index concluded the trading session with a 0.62% gain, driven by positive performance across the Financials, Insurance, and Banking sectors. This rise reflects targeted strength in key areas of the market despite mixed broader signals.

Sector and Stock Highlights

Leading the advance on the TA 35 were Tower Semiconductor Ltd, which surged 3.64% to a five-year high, and Nova, which added 3.49% to reach an all-time high. Conversely, Next Vision Stabilized Systems was the session's worst performer with a 4.81% decline. The market breadth was negative, as 263 stocks fell compared to 184 that advanced.

Currency and Commodity Movements

In the foreign exchange market, the USD/ILS pair strengthened by 0.65%. In commodities, crude oil and Brent oil futures recorded modest increases. Meanwhile, the April Gold Futures contract saw a significant drop, falling by 5.33%.

Summary

Although the benchmark TA 35 index closed in positive territory, the greater number of declining stocks indicates selective investor sentiment. The market's direction was heavily influenced by strong performance in specific high-value sectors rather than a widespread bullish trend.

FAQ

Q: What was the final performance of Israel's TA 35 index?
A: The TA 35 index closed higher by 0.62%.

Q: Which sectors drove the gains in the Israeli market?
A: The primary drivers were the Financials, Insurance, and Banking sectors.

Source: Investing.com