Shares down sharply in Tel Aviv after delayed opening

After a delayed opening this morning, with a six-minute delayed start of trading to mitigate the effect of steep declines in dual-listed stocks trading in both Tel Aviv and New York, the first session of the week on the Tel Aviv Stock Exchange started on a significant decline.

The Tel Aviv 35 index is currently down 2.86% to 1,961.71 points; the Tel Aviv 125 index is down 2.99% to 2,049.98 points; and the BlueTech Global Index is down 4.28% to 491.30 points.

The top five stocks are down sharply: Bank Leumi by 2.72%; Bank Hapoalim by 3.01%; Bank discount of 3.02%; Nice Systems by 4.93%; and ICL of 1.77%.

The largest declines are Opko Health, down 14.47%, Nova, down 7.76%, and Perion Network, down 6.40%.

On Friday in New York, the S&P 500 fell 1.89%, the Dow Jones Industrial Average 1.30% and the Nasdaq index 2.7%. For the week, the S&P 500 fell 5.7%, the Dow Jones 4.6% and the Nasdaq 7.6%. Among Israeli stocks, Liveperson opened a negative 7.3% arbitrage spread on Friday, Ormat closed at a negative 6% spread, Tower Semiconductor, Nice Systems and Opko Health had negative spreads of around 5.5 %, and Teva had a negative spread of 4%. Opko Health continued to slide in after-hours trading.

The Tel Aviv 35 index fell 2.5% last week.

Also on Friday, the shekel-to-dollar representative rate rose 0.19%, to NIS 3.14/$, and the shekel-to-euro representative rate rose 0.20%, to NIS 3.5611/€.

The US Federal Reserve will announce an interest rate decision on Wednesday this week.

Published by Globes, Israel business news – – on January 23, 2022.

© Copyright Globes Publisher Itonut (1983) Ltd., 2022.

About Chris McCarter

Check Also

Ethereum Merge Makes the Network More Vulnerable to Attack — Security Researcher

Although the Ethereum merger is being touted as a major upgrade to the blockchain network, …