The stock market closed down, the real estate index fell 2.8%, the banking index jumped 1.8%

The stock market closed down, the real estate index fell 2.8%, the banking index jumped 1.8%
The stock market closed down, the real estate index fell 2.8%, the banking index jumped 1.8%

Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations

17:30

The trading day closed with declines, the Tel Aviv 35 and Tel Aviv 125 indices fell 0.7%, the Tel Aviv 90 index lost 0.6%.

The declines were led by the shares of the yielding real estate which dragged the Tel Aviv Real Estate Index down 2.8%, the Tel Aviv Yield Israel Index and the Tel Aviv Construction Index fell 2.7%. Azrieli Group fell 9%, Arrow oaks dropped 8%.

Contrary to the trend, the banks jumped after the reports and the bank index closed with a 1.8% increase. Also notable were the increases in the Finance Index and the Tel Aviv Insurance Index, which strengthened by 1.5%.

16:45

The stock market in Tel Aviv moved to declines, the Tel Aviv 35 index loses 0.3% and the Tel Aviv 125 index drops 0.4%.

Sharp declines in yielding real estate stocks. The Tel Aviv Real Estate Index loses 2.7%, as does the Tel Aviv Yield Israel Index. The Tel Aviv Construction Index falls 2.4%. Azrieli shares fall 8%, Properties and Building and Eloni Hatz are cut 7%.

Contrary to the trend, the banks are in a positive trend and the bank index jumps 2%.

15:30

The dollar fell 0.6% and its representative rate was set at NIS 3.45. The pound retreated 0.1% to a rate of NIS 4.12 and the euro remained stable at a rate of NIS 3.56

15:15

The Tel Aviv 35 index climbs by about 0.4%, and the Tel Aviv 90 index rises by 0.2%. The bank index jumps by about 2.4%, while the Tel Aviv Manib Israel index falls by about 1.8%.

Notable increases are recorded among other things Harel Investments , the phoenix , Fox , diplomat , Daniel and my national

1:30 p.m

The yielding real estate index drops by about 2.3%. Arrow oaks Leads the declines among real estate stocks on the stock exchange after publishing a weak report. The company reported a loss of 101 million shekels in the quarter. The main reason for this is provisions of hundreds of millions of shekels for assets the company owns in the United States as a result of the increase in interest rates in the country, which boosted the discount rates . This apparently created a chain reaction and also affects the other large yielding real estate companies.

More prominence in the decline Electra Real Estate , Properties and building Azrieli, Mevaneh and Melisron.

12:11

Stock market gains continue. The Tel Aviv 35 index climbs by about 0.3%, and the Tel Aviv 90 index rises by 0.2%. The bank index jumps by 2%, while the Tel Aviv Maniv Israel index falls by about 2%.

Arrow oaks Drops by 6.5%, and Azrieli drops by 5.5%, after both published reports this morning. Still registering sharp declines i will die , a building , Donitz anddelta .

Melisron reported today that the NOI in the third quarter increased by approximately 11% to approximately NIS 311 million, compared to the corresponding quarter in 2021. The FFO in the quarter increased by approximately 13% compared to the corresponding quarter to approximately NIS 228 million. The net profit for the shareholders in the quarter amounted to approximately NIS 220 million. The company announced the distribution of a dividend to its shareholders in the amount of NIS 60 million.

10:50

stock Electra needs jumps by about 5%, after the company reported this morning that it had signed an agreement with a European company to supply heating systems in the amount of one billion shekels. The agreement was signed for a period of 4 years.

group Ashstrom reported that revenues in the third quarter grew by approximately 31.2% to approximately NIS 1.37 billion, compared to NIS 1.04 billion in the corresponding quarter last year. The company recorded a net profit of approximately NIS 130 million in the quarter, compared to a profit of NIS 89.7 million in the corresponding quarter.

10:05

The trading day in the stock market opened with a positive trend. The Tel Aviv 35 index climbs by about 0.5%, and the Tel Aviv 90 index rises by 0.2%. The bank index jumps by 2.2% after the reports published by Hapoalim, Discount and International.

Prominent increases register workers, Israel Canada , national Phoebe, Discount andMizrahi Bank .

On the other hand, there are sharp declines hills nature, Arrow oaks and Nikes.

09:26

company partner reported that revenues amounted to NIS 891 million in the third quarter of 2022, an increase of 6% compared to NIS 837 million in the third quarter of 2021. Net profit amounted to NIS 51 million, an increase of 112% compared to NIS 24 million in the corresponding quarter .

09:00

company Al Al This morning reported a net profit of $67 million in the third quarter, compared to a loss of approximately $136 million in the corresponding quarter last year.

company Isracard reported a net profit of approximately NIS 60 million in the last quarter, compared to a net profit of approximately NIS 99 million in the corresponding quarter last year.

08:35

company Azrieli reported this morning that the NOI in the third quarter grew by about 20% compared to last year and amounted to about NIS 513 million. The net profit attributed to the shareholders increased by about 76% and amounted to about NIS 330 million, compared to about NIS 187 million in the corresponding quarter last year.

NIS 1.8 billion – this is Bank Hapoalim’s profit in the third quarter of this year. Together with the bank’s previous two strong quarters, in the first nine months of 2022 the net profit stands at NIS 4.8 billion. This is a 48% increase in the quarterly profit and a 20% increase in the profit after nine months compared to the corresponding period last year.

Bank discount This morning reported a net profit of NIS 893 million in the third quarter of 2022, compared to NIS 722 million in the corresponding quarter last year, an increase of 23.7%. The return on capital in the quarter reached a rate of 15%, compared to 13.8% in the corresponding quarter.

In the foreign exchange market, the dollar weakened by about 0.4% and traded around NIS 3.46, while the euro strengthened by about 0.2% and traded around NIS 3.574.

07:45

5 things you should know before trading on the Tel Aviv Stock Exchange

1. Expect a mixed opening

The trading day on the stock exchange is expected, apparently, to open with a mixed trend, after trading on Wall Street closed with gains last night. Trading in Tel Aviv ended yesterday with a mixed trend at the end of a volatile day: the Tel Aviv 90 index fell by 0.66%, the Tel Aviv 35 index rose by 0.8%, and the Tel Aviv 125 index advanced by 0.35%.

● Cal increased the interest on the loans to almost 11%. The profit of the credit company soared
● Where to put the money after interest rates have risen again
● Do the declines in the S&P 500 strengthen the chance of a surge next year
● The fall of Fagaia: from the highest Israeli value to the risk of deletion from the Nasdaq

We will remind you that this week the OECD published its latest growth forecast – and it is not particularly optimistic. According to the report, the world economy is expected to grow next year by only 2.2%, and the situation among the developed countries is even worse, and they are expected to grow by an average of only 0.8%. The organization’s economists further predict that high inflation will remain at least until 2024.

And what about Israel? The expectation is that Israel will end this year with growth of more than 6%, according to the Bank of Israel’s forecast, and next year it will be cut to only 2.8%. This is a more pessimistic assessment compared to the organization’s previous forecast. However, the economists predict that Israel will continue to be at the top of the OECD in terms of growth.

2. Alertness towards the publication of the minutes from the Federal Reserve meeting

Trading on Wall Street closed last night with rising rates. The Dow Jones added 1.2%. The S&P 500 and Nasdaq both climbed about 1.4%.

Trading in futures contracts on US stock market indices is now stable.

In the forex market, the euro strengthens by about 0.2% and trades around 1.033 dollars per euro, the pound sterling is stable around 1.188 dollars per pound, and the Japanese yen weakens by about 0.1% and trades around 141.3 yen per dollar.

We will remind you that tomorrow (Thursday) there will be no trading in New York on the occasion of Thanksgiving. Tonight (9:00 p.m.) the minutes from the last Federal Reserve meeting will be published, during which the interest rate in the US was raised by 0.75% for the fourth time in a row (and the sixth increase in a row since March).

The dual stocks returned from New York with mixed arbitrage spreads. nature stands out with a negative gap of about 2%, so it is expected to decrease this morning; And on the other hand Liveperson with a positive gap of about 2%.

3. Reports: Hapoalim, Discount and Azrieli will publish results

The report season is at its peak, and today the banks will publish working and Discount, and alongside them will also publish Isracard, Arrow oaks , Tiv Taam, Melisron, Azrieli and Partner. On Thursday, Navi, Manivim REIT and Sela Real Estate will report.

According to the estimates of the investment houses Psagot and IBI, the five largest banks are expected to end the third quarter alone with an aggregate profit of approximately NIS 5 billion, with the interest rate increase during the quarter at a rate of approximately 1% and an increase of approximately 1.2% Additional inflation contributed about NIS 2 billion to revenues, equally divided between interest and inflation (each of them contributed about NIS 1 billion to revenues).

The bankinternational This morning reported a net profit of NIS 467 million in the third quarter, an increase of 28.3% relative to the corresponding period last year. The return on capital reached 18.5%. The bank announced that it will distribute a dividend of NIS 235 million, in addition to dividends of NIS 710 million already distributed this year.

Malam Tim This morning reported a profit of about NIS 18 million in the third quarter of this year, a jump of about 80% compared to the corresponding quarter last year.

4. Positive trend in Asia

Asian stock markets are trading in a positive trend today. The Nikkei index in Tokyo climbs by 0.6%, in Hong Kong the Hang Seng index increases by about 0.8%, and Shanghai increases by about 0.2%.

In the commodity trading sector, the oil contracts register slight decreases of 0.1%-0.2%, and gold registers a slight decrease to the level of 1,736 dollars per ounce.

In the crypto market, Bitcoin climbs by 2% and trades around $16,500, and Ethereum rises by 3% around $1,160.

5. Interest rates in New Zealand are soaring

The central banks of the world continue the trend of raising interest rates. Here, the Bank of Israel raised the interest rate by 0.5% on Monday, and in New Zealand the central bank raised the interest rate by 0.75% today, the highest rate ever.

Also in the global macro arena: in Europe, the UK and the USA, the purchasing managers’ indices for the services and industry fields will be published today.

At 15:30 in the USA, the initial claims for unemployment benefits last week will be published (a figure brought forward from tomorrow and expected to be about 225,000). As mentioned, the most important publication today will be tonight: the minutes from the last Federal Reserve meeting.

The article is Hebrew

Tags: stock market closed real estate index fell banking index jumped

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