Overview of Market Performance#
On Tuesday, Israeli equities experienced a positive trading session, with the TA 35 index increasing by 1.57%. This rise was supported by strong performances in the Communication, Technology, and Real Estate sectors.
Top Gainers#
Among the notable performers on the TA 35, Elbit Systems Ltd saw a significant increase of 10.95%, adding 30,400 points to close at 308,000 points. OPC Energy Ltd also performed well, rising by 5.49% or 610 points to finish at 11,730 points. Big Shopping Centers Ltd followed suit, gaining 5.02% or 3,740 points, closing at 78,180 points.
Notable Declines#
Conversely, some stocks faced declines. Ormat Technologies experienced a drop of 3.94%, losing 1,390 points to trade at 33,900 points. Tower Semiconductor Ltd fell by 2.62%, down 1,140 points to close at 42,450 points. Enlight Energy also saw a decrease of 2.42%, shedding 570 points to end at 23,020 points.
Market Breadth and Commodities#
Overall, advancing stocks outnumbered those that declined, with 290 stocks gaining compared to 183 that fell, while 78 remained unchanged on the Tel Aviv Stock Exchange.
In commodities, crude oil prices rose, with May delivery up by 2.46% to $94.73 per barrel, and Brent oil for May increased by 2.32% to $102.53 per barrel. In contrast, April Gold Futures saw a slight decline of 0.06%, trading at $4,998.95 per troy ounce.
Currency movements included a 0.68% drop in the USD/ILS exchange rate to 3.10, and a 0.50% decline in the EUR/ILS rate to 3.57. Additionally, the US Dollar Index Futures decreased by 0.05% to 99.42.