Tel Aviv Stock Exchange Ends Trading Day With Sharp Declines
Translated & summarized from Ynet by baba
The Tel Aviv Stock Exchange experienced significant declines on Tuesday, with the Tel Aviv 35 index dropping 2.44%. Defense company stocks led the downturn, with the defense index falling over 4%. Next Vision shares continued a sharp decline, losing over 13% after a more than 12% drop the previous day. Other defense firms like Third Eye and Beit Shemesh also saw substantial losses.
The story in 5 lines · by baba
- Tel Aviv Stock Exchange indices closed significantly lower on Tuesday.
- The Tel Aviv 35 index dropped by 2.44%, and Tel Aviv 125 by 2.38%.
- Defense company stocks were the main drivers of the market's decline.
- The defense index plummeted by more than 4% during trading.
- Next Vision shares fell over 13%, extending previous day's losses.
The Tel Aviv Stock Exchange concluded its trading session with significant drops across major indices on Tuesday. The Tel Aviv 35 index fell by 2.44%, the Tel Aviv 125 by 2.38%, and the Tel Aviv 90 by 2.06%. The decline was primarily driven by defense company stocks, with the defense index plummeting over 4%.
Following a substantial drop of over 12% on the previous day, Next Vision shares continued their downward trend, experiencing a drastic decrease of more than 13% today. Other defense sector companies also saw considerable losses, with Third Eye shares declining by 6.75% and Beit Shemesh shares by 4%.
