Market Overview#
Israel's stock market closed lower on Wednesday, with the TA 35 index dropping by 0.44%. This decline was largely influenced by setbacks in the Oil & Gas, Technology, and Biomed sectors.
Notable Performers#
Despite the overall downturn, some companies saw gains. Melisron led the way, increasing by 5.14%, or 2,300 points, to close at 47,060. Dimri followed with a rise of 4.61%, or 1,940 points, ending at 44,000. Mivne Real Estate also performed well, up 3.33%, or 50 points, to finish at 1,552.
Decliners in Focus#
On the other hand, several stocks faced significant losses. NICE Ltd experienced the largest drop, falling 18.80%, or 6,770 points, to 29,250. Next Vision Stabilized Systems decreased by 7.42%, or 2,540 points, closing at 31,690. Navitas Petroleum also saw a decline of 5.01%, or 720 points, ending at 13,640.
Trading Statistics#
In total, 302 stocks advanced while 186 declined, with 63 remaining unchanged on the Tel Aviv Stock Exchange. This indicates a generally positive sentiment among many investors, despite the day's losses in key sectors.
Commodity and Currency Updates#
In commodities, crude oil prices fell sharply, with June delivery down 6.93% to $95.18 per barrel, and Brent oil for July down 7.17% to $101.99. On the other hand, gold futures for June rose by 3.20% to $4,714.59 per troy ounce. In currency markets, the US dollar weakened against the Israeli shekel, with USD/ILS down 1.04% to 2.90, and EUR/ILS down 0.54% to 3.41.