Tel Aviv Stock Exchange Closes Higher on Key Indices, New-Med Energy Leads Gains
Translated & summarized from Ice by baba
The Tel Aviv Stock Exchange closed Thursday with gains in its main indices, the TA-35 rising 1.02% and the TA-125 up 0.19%. New-Med Energy led the market with a 5.52% stock increase, while Israel Shipyards saw the largest decline of 4.47%. Trading was mixed, with notable gains and losses across various companies.
The story in 5 lines · by baba
- Tel Aviv Stock Exchange indices TA-35 and TA-125 closed higher on Thursday.
- New-Med Energy stock surged 5.52%, marking the day's largest gain.
- Israel Shipyards stock fell 4.47%, the steepest decline of the trading day.
- Trading was mixed, with significant gains and losses among prominent stocks.
- Palo Alto Networks and Electra also experienced notable stock price drops.
The Tel Aviv Stock Exchange concluded Thursday's trading session with gains in its two main indices. The TA-35 index saw a significant rise of 1.02%, reaching 4,073.77 points, while the TA-125 index increased by 0.19% to close at 3,959.46 points. Despite the overall positive trend in the leading indices, the trading day presented a mixed picture, with some stocks experiencing sharp declines alongside those that surged by over 5%.
New-Med Energy emerged as the top performer, with its stock price jumping 5.52% to 1,777 agorot. This marked the most substantial increase among the top five rising stocks for the day. Following New-Med Energy, Rimmon's stock climbed 4.89% to 11,790 agorot, and Next Vision's stock rose 3.86% to 19,360 agorot. Delta Galil also performed well, with its stock strengthening by 3.52% to 20,280 agorot, and Teva Pharmaceuticals closed with a 3.18% increase, reaching 13,970 agorot.
Conversely, the decliners' list showed a different trend. Israel Shipyards experienced the steepest drop, losing 4.47% of its value and closing at 10,690 agorot. Cyber company Palo Alto Networks followed closely, with its stock falling 4.46% to 101,850 agorot, a difference of only 0.01 percentage points. Electra registered a 4.43% decrease, ending the day at 11,220 agorot. Alpha Tau's stock lost 3.75% to 4,385 agorot, and Menora Mivtachim Holdings completed the top five decliners with a 3.66% drop, closing at 49,450 agorot.
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