Market Overview#
Israeli stocks experienced a positive close on Wednesday, with the TA 35 index increasing by 0.57%. This rise was largely fueled by gains in the Banking, Financials, and Biomed sectors.
Top Performers#
Among the standout performers on the TA 35 index, Next Vision Stabilized Systems saw a significant increase of 8.13%, adding 2,670 points to reach a closing price of 35,510. Mizrahi Tefahot followed with a 3.30% rise, gaining 760 points to finish at 23,780, while Bank Hapoalim also performed well, up 3.28% or 255 points to close at 8,025.
Notable Declines#
On the other hand, some stocks faced losses. Dimri experienced the largest drop, losing 5.33% or 2,600 points, ending at 46,200. Delek Group fell by 3.74%, losing 4,100 points to close at 105,500, and Fattal 1998 Holdings Ltd declined by 3.26%, down 2,080 points to finish at 61,790.
Market Dynamics#
Overall, the Tel Aviv Stock Exchange saw a higher number of declining stocks compared to those that rose, with 320 stocks declining, 138 rising, and 91 remaining unchanged. In commodities, crude oil prices for April delivery rose by 4.28%, reaching $87.02 per barrel, while Brent oil for May delivery increased by 4.40% to $91.66. Gold futures for April dropped by 1.22%, trading at $5,178.15 per troy ounce.
In currency markets, the US dollar strengthened against the Israeli shekel, rising by 0.61% to 3.11, while the euro also increased by 0.27% to 3.60. The US Dollar Index Futures rose by 0.42% to 99.23.