Expected positive opening: Teva returns with a positive arbitrage of 2.7% – the capital market

Macro:
As if there is no economic crisis – a 6% increase in taking out new mortgages in January. The public continues to storm the real estate market and last month took out NIS 6.44 billion in mortgages. This is a continuation of the upward trend and an annual rate of NIS 77.3 billion. The average mortgage: NIS 800,000 (for the full article).

The children went back to the parents and the rental prices went down? On the contrary – an increase in all districts. Average rental prices at the end of the year were higher than at the beginning, even after a decline in the fourth quarter that apparently affected the return of investors to the market (20% of apartment purchases after the tax cut in the summer). If the crisis had an impact, it would probably be a slowdown in the rate of rent increase (for the full article).

Israelis ironed less in the shadow of the crisis but did not cancel credit cards. The Bank of Israel published the prices of common banking services for households as they were in the first half of 2020. Among other things, it was stated that the amount of activity in securities increased by about 50% and the average credit card fee increased by about 9% compared to 2019 (full article).

salvo: As part of foreign exchange trading, the dollar remained unchanged last night and its representative exchange rate is NIS 3.2640.

On Wall Street, the trading day began with price declines but the trend in trading was reversed and all major indices were painted green. The NASDAQ rose 1% after already touching 1.3% declines, the Dow rose 1.35% (for the full article).

Arbitrage: The dual shares return with a positive arbitrage spread of 0.7% on Maof, and with a positive spread of 0.6% on the TA 125 index. Nova shares return with a positive spread of 6%, LivePerson with a positive spread Of about 4.6%, Kamtech with a positive gap of about 3.7%, Tower with a positive gap of about 2.8%, Teva with a positive gap of about 2.7% and Kamahda shares with a positive gap of about 2.5%. On the other hand, Alumiy shares return with a negative gap of about 8.1%, Perrigo with a negative gap of about 0.7%, Canon with a negative gap of about 0.4%, Ormat Techno with a negative gap of about 0.2%.

Trading in Tel Aviv closed yesterday with price increases. TA 90 rose 1.1%; TA 35 rose 0.3%, banks rose 0.4%. DSK jumped 7%, after Elco joined Mega Or (full article). Quicklizard jumped 23% – but be careful. Look what happens in its prospectus. Teva rose 3%, Cellcom rose 7%, Perrigo rose 0.7%, Abogen rose 2.8% and Tikun Olam rose 4% after the two companies announced collaboration (for the full article), Clal Biotechnology rose 4% after receiving FDA approval for cancer treatment (for the full article ), Electra Real Estate rose 2.5% after announcing a deal in the US (for the full article), Canon fell 1%, Mega Or rose 2 %.1, LivePerson fell 9%, Ofco fell 1% 3%.