Following the sharp declines on Wall Street: Expect a negative opening in Tel Aviv – the capital market

Tel Aviv Stock Exchange, Photo: Tamar Mitzpi

The first day of the trading week in Tel Aviv is expected to open with price declines against the background of the price declines on Wall Street this weekend. The dual shares return with a negative arbitrage spread of about 0.9% on Maof, and with a negative spread of about 0.7% on the TA 125 index.


Tel Aviv Index 35
-0.54%




Index A.


Base:1,557.97

opening:1,560.63

High:1,566.7

low:1,548.08

change:1,433,706,759

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Tel Aviv 90 Index
-0.11%




Index A.


Base:1,778.51

opening:1,798.04

High:1,799.91

low:1,774.49

change:364,149,347

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Continuous dollars
+ 0.98%




Continuous dollars


Base:3.28

opening:0

High:3.31

low:3.28

change:

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BITCOIN
+ 2.84%




BITCOIN


Base:45,680.19

opening:0

High:48,365.31

low:45,055.15

change:

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  • 7,740

    1,338


  • 6,214

    23,470


  • 26,095

    10,940


  • 1,335

    2,540


  • 30,578

    19,350

The data are displayed with a delay of about 15 minutes

No data was found for the show

The size of the security cube is determined by the value of the paper

+ 5%

-5%



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27/02/2021

Shares in the center
Stock


Ormo Techno
-8.53%




Ormo Techno


Base:33,990

opening:32,150

High:32,390

low:30,380

change:66,672,478

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Returns with a negative gap of about 8.7% against the background of the publication of its results for the fourth quarter of 2020.

Stock


Compugen
+ 0.42%




Compugen


Base:3,316

opening:3,390

High:3,745

low:3,281

change:8,982,596

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Returns with a negative gap of about 7.2% after the publication of its financial results for the last quarter of 2020 and for the entire year. As part of this, the net loss amounted to approximately $ 8.6 million ($ 0.10 per share and fully diluted), compared with a loss of approximately $ 6.5 million (0.10 per share) in the corresponding quarter. Revenue for the quarter was approximately $ 2 million (for the full article).

Macro
The trading week closed yesterday with a mixed trend after the Wall Street indices were painted red on Thursday, with the NASDAQ recording a decline of 3.5%, against the background of the rise in the US Treasury Department’s bond yield. Although a return to pre-plague yields sounds encouraging, the fact that the rise in yield is accompanied by an unprecedented rate of money printing and a rise in the Fed’s history – this raises concerns and expectations for inflation. Technology companies are the ones that are mainly affected by the risk-free interest rate, so we have recently seen a negative trend in growth stocks, compared to a relative balance and even a positive trend in value stocks.

In an interview with BizPortal last week, capital market expert Michael Cherniak addressed the concern, saying that “anyone who thinks the stock market can continue to rise amid declining bonds in the bond market really does not know the capital market” (full article).

Arbitrage
The dual shares return with a negative arbitrage spread of 0.9% on Maof, and with a negative spread of 0.7% on the TA 125 index. Ormat Techno shares return with a negative spread of 8.7%, Compugen with a negative spread Of about 7.2%, Sapphire with a negative gap of about 5%, Audiocodes with a negative gap of about 4%, Canon with a negative gap of about 3.7% and Tower stock with a negative gap of about 3.6%. On the other hand, LivePerson shares return with a positive gap of about 12.3%, Kamtech with a positive gap of about 0.8%, Nova with a positive gap of about 0.2%.

The last trading day in Tel Aviv (Thursday) closed with price declines. Tel Aviv 35 fell by 0.5%, banks fell by 0.2%. Government bonds in MHM 10 fell and capital market expert Michael Cherniak was interviewed by BizPortal on the subject,


Ormo Techno
-8.53%




Ormo Techno


Base:33,990

opening:32,150

High:32,390

low:30,380

change:66,672,478

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Fell 8.5% due to disappointing forecast,


Luzon Real Estate
-1.89%




Luzon Real


Base:73.9

opening:79

High:81

low:72.5

change:712,312

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Decreased and today the closure of the merger with Tria was reported,


Compugen
+ 0.42%




Compugen


Base:3,316

opening:3,390

High:3,745

low:3,281

change:8,982,596

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Increased by 0.5% thanks to experimental results and despite the reports,


Abgul
-7.06%




Abgul


Base:313

opening:300

High:300

low:285.4

change:6,255,315

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Lost 7% after posting results,


Sapiens
+ 3.89%




Sapiens


Base:10,530

opening:10,540

High:11,350

low:10,540

change:26,095,170

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Climbed 4% in light of the reports in which it hit forecasts,


Electra Real Estate
+ 3.8%




Electra Real Estate


Base:2,447

opening:2,454

High:2,540

low:2,450

change:1,335,381

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Rose by 4% against the backdrop of Georgia’s realization of a residential project,


Allot
-0.08%




Allot


Base:4,894

opening:4,989

High:5,056

low:4,853

change:1,478,052

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Decreased by 0.1% and today the company’s CEO was interviewed by BizPortal.

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