Israel Stocks Rise, Nova and Teva Industries Lead; Mizrahi Tefahot Declines


The Israeli stock market saw a surge post Sunday’s close, driven by the superior performance in critical sectors. This financial report provides relevant strategic investment insights, covering the top performers on the Tel Aviv Stock Exchange. Also, information regarding the under-performers of the trade session along with the status of essential commodities trading such as Crude oil, Brent oil, and Gold Futures are discussed in depth.

Israeli Stocks Rise Post Close on Sunday

Following Sunday’s market close, stocks in Israel showcased an upward trajectory. The significant appreciation witnessed in the , and industries led the share market towards higher grounds.

The Tel Aviv market close saw the index soaring by 0.81% to set a fresh high in the past 52 weeks.

Session’s Top Performers

In the trading session, Nova (TASE:) emerged as the best performer. The company experienced a rise of 7.45% or 4,530.00 points, closing the day trading at 65,330.00. Furthermore, Teva Pharmaceutical Industries Ltd (TASE:) climbed by 2.58% or 121.00 points, concluding at 4,820.00. Shikun & Binui (TASE:) saw an increase of 2.35% or 23.00 points, reaching 979.00 by the closing trade.

Session’s Underperformers

The session saw Mizrahi Tefahot (TASE:) as the worst performer, falling 1.98% or 280.00 points to trade at 13,850.00 at the time of closing. Meanwhile, Energean Oil & Gas PLC (TASE:) was down 1.08% or 52.00 points, ending at 4,748.00 and Energix (TASE:) dropped by 0.97% or 13.00 points to 1,326.00.

The Tel Aviv Stock Exchange registered 299 rising stocks that overshadowed 162 declining ones, with 75 remaining unchanged.

Norma’s (TASE:) shares reached new historic highs, rising by 7.45% or 4,530.00 to 65,330.00.

Commodities Trading Overview

Crude oil for April delivery escalated 1.98% or 1.55 to $79.81 per barrel. In other commodities news, Brent oil for May delivery saw an increase of 1.89% or 1.55, reaching $83.46 per barrel. Additionally, the April Gold Futures contract surged 1.80% or 36.90, trading at $2,091.60 for a troy ounce.

USD/ILS witnessed a drop of 0.18% to 3.56, while EUR/ILS increased by 0.13% to 3.86.

The US Dollar Index Futures closed lower by 0.26% at 103.82.

Strategic Investment Insights

The current market condition suggests potential opportunities for investors. With the rise in shares of companies like Nova and Teva Pharmaceutical Industries Ltd, investors could consider vetting these and other high-performing stocks in relevant sectors. However, investors should also be vigilant about possible risks, especially considering the underperforming stocks such as Mizrahi Tefahot and Energean Oil & Gas PLC.


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