Market Overview#
On Wednesday, Israeli equities closed higher, with the TA 35 index increasing by 1.19%. This rise was largely supported by positive movements in the Communication, Insurance, and Oil & Gas sectors.
Top Performers#
Among the standout performers on the TA 35 index were: - Teva Pharmaceutical Industries Ltd: Up 9.76%, gaining 914 points to close at 10,280. - Tower Semiconductor Ltd: Increased by 4.08%, adding 2,280 points to finish at 58,130. - Newmed Energy LP: Rose by 3.20%, up 60 points to close at 1,936.
Notable Declines#
Conversely, some stocks experienced losses: - Enlight Energy: Down 1.43%, losing 380 points to trade at 26,210. - Nova: Fell by 1.30%, down 1,960 points to close at 149,290. - Ormat Technologies: Decreased by 1.19%, shedding 400 points to end at 33,200.
Market Breadth#
Overall, advancing stocks outnumbered declining ones on the Tel Aviv Stock Exchange, with 310 stocks rising compared to 164 that fell, while 77 remained unchanged.
Commodity and Currency Updates#
In commodities, crude oil prices saw a significant increase, with June delivery rising 5.28% to $105.21 per barrel and Brent oil for July delivery up 5.03% to $109.65. However, June Gold Futures fell by 1.22% to $4,552.25 per troy ounce.
In currency markets, the US dollar strengthened against the Israeli shekel, rising 0.46% to 2.97, while the euro also gained 0.37% to 3.48. The US Dollar Index Futures increased by 0.13% to 98.60.