Tel Aviv stocks fall 1% as insurance and cleantech shares weigh; Teva gains 4.2%

A negative close on the stock exchange, Noam Landman, 4 hours ago, 17:25. The TA-35 fell 0.9%, and the TA-125 fell 1.1%. The cleantech index dropped 4.1%, the insurance index was cut by 2.6%, while the oil and gas index jumped 2.5%. Mivtach Shamir fell 9.8%, after Calcalist reported that its subsidiary Shamir Energy is preparing an IPO. Teva rose 4.2%, and will lay off 250 employees.

ICL raised $800 million in a bond offering, demand was three times higher, Golan Hazani, 5 hours ago, 16:52. The chemicals company completed a senior unsecured bond offering, with demand totaling $2.6 billion, mainly from foreign investors. The bonds are due in 2036 and will carry an annual interest rate of 6.036%. The proceeds will be used for partial or full repayment of the remaining debt under the company’s revolving credit facility.

The declines eased slightly after U.S. inflation data, Noam Landman, 6 hours ago, 16:01. Losses in futures on New York stock indexes eased after the May consumer price index in the U.S. was released, showing a 4.2% annual increase as expected. The easing of losses in Wall Street futures is affecting stock indexes in Tel Aviv, where the declines eased slightly.

Two hours to close, trading volume on the exchange is at NIS 2.871 billion, Noam Landman, 6 hours ago, 15:25. Bank Leumi had the largest turnover, NIS 119 million, Tower Semiconductor was second with NIS 99 million, Bank Hapoalim third with NIS 98 million, and OPC Energy fourth with NIS 97 million.

The TA-125 is down 2%, Noam Landman, 7 hours ago, 14:31. Trump’s threats are weakening Wall Street and the local stock exchange. The dollar continues to rise against the shekel. Oil prices worldwide have turned upward.

The declines on the exchange deepen, Noam Landman, 7 hours ago, 14:20. This is in line with the negative trend on Wall Street, after Trump said: “They took too long negotiating a deal that could have been great for them, now they will have to pay the price!!!”

Generation received half a billion shekels for its stake in Port Brock, and added new interested parties, Golan Hazani, 8 hours ago, 13:52. The infrastructure fund reported this morning that it had completed the sale of its stake in Port Brock and the entrance of Clal, Menora and Nokd as interested parties, following the share offering it completed last week worth NIS 1 billion. For the first time since its establishment, Generation is held by all five major insurance groups in the economy. The money is intended to finance part of the Shikun & Binui deal.

Alongside the declines in Tel Aviv, declines in New York too, Noam Landman, 9 hours ago, 13:08. Against the backdrop of the clashes between the U.S. and Iran in the Strait of Hormuz, markets are awaiting the release of the May CPI in the U.S., with an expected annual rise in inflation. Futures on the Nasdaq index are down 1.2%.

Movers in the leading indexes, Noam Landman, 9 hours ago, 12:54. NewMed Energy is surging 6.1% at the top of the TA-35, while Mega Or is falling 7.1% at the bottom. ARYT Industries is up 5.1% at the top of the TA-90, while Mivtach Shamir is falling 7.6% at the bottom. Futures on Wall Street are also down. Teva is laying off 250 employees, Sopi Shulman, 10 hours ago, 12:08. It will lay off workers from its tapi raw materials division. The layoffs will be spread over two years.

Azrieli raised NIS 2.1 billion in bonds, the company’s second-largest fundraising ever, Amir Prager, 10 hours ago, 12:05. The series, with an interest rate of 3%, will be repaid by 2051 and attracted demand of NIS 3.4 billion. In 2024, the company raised NIS 2.5 billion in bonds, and earlier this year Azrieli issued shares for NIS 1.4 billion.

Leading oil and gas stocks are jumping, Noam Landman, 10 hours ago, 11:23. Energean is up 5.6%, NewMed 4.7%, Delek 2.6%, Ratio 2.8%, and Navitas 2%. The oil and gas index is up 2.8%.

A slight decline in long-term government bond prices, Noam Landman, 11 hours ago, 11:09. The yield on Israel’s 10-year bond is up 1 basis point to 3.656%.

Clean energy stocks are at the bottom, Noam Landman, 11 hours ago, 10:33. Nofar Energy is down 6.6%, Pri Energy is down 6%, Doral is down 4.4%, Econergy is down 4%, Enlight is down 2.8%, Energix is down 2.6%, and the cleantech index is down 2.5%.

Declines at the open, Noam Landman, 12 hours ago, 10:00. The TA-35 is down 0.7%, and the TA-125 is down 0.8%. In semiconductors, Camtek and Tower are down more than 3%, and Nova is down 2%. Mivtach Shamir is up 4% after Calcalist reported that its subsidiary Shamir Energy is preparing an IPO. Teva is up 4.5% after falling 4.7% yesterday. Mega Or is down 6% at the bottom of the TA-35. The dollar is at 2.965 shekels, compared with 2.97 shekels yesterday.

Waiting for trading to open in Tel Aviv, Miki Greenfeld, 15 hours ago, 7:11. The Tel Aviv Stock Exchange will open against the backdrop of the limited American strike in Iran, and after a mixed session on Wall Street, where the Dow Jones rose 0.2%, the S&P 500 fell 0.3%, and the Nasdaq fell 1%. Tower Semiconductor is returning to the local exchange with a negative arbitrage spread of 3.8%. Oil prices are up 0.5% this morning. The yield on the U.S. 10-year bond stands at 4.54% this morning. The yield on the Israel 10-year bond stands at 3.69%. President Trump accused Iran last night of shooting down an Apache helicopter belonging to the U.S. Army over the Strait of Hormuz, and declared that “we will have to respond.” Shortly after midnight, U.S. Central Command announced that it had launched attacks “for self-defense” against Iran, on Trump’s orders. “The mission is a proportional response to the unjustified Iranian attack,” it said. Calcalist reports: Shamir Energy is preparing for an IPO on the Tel Aviv Stock Exchange. The company, controlled 72% by Mivtach Shamir, controlled by Meir Shamir, has begun advancing the move, is preparing a draft prospectus and choosing underwriters ahead of an offering expected to take place this October. Shamir Energy is seeking to raise about NIS 900 million at a pre-money company valuation of NIS 4.8 billion to NIS 5 billion.

Yesterday the exchange closed lower: the TA-35 weakened 1.2%, the TA-125 lost 1%, and the insurance index fell 2.5%. Teva shares dropped 4.7%, and the oil and gas index fell 1.9%.