Market close overview
Stocks in Israel finished higher on Tuesday, with the benchmark TA 35 rising 0.25% to register a fresh record high. Sector strength in Banking, Technology and Communication underpinned the advance, lifting a number of large-cap names.
Top and bottom movers
The session's strongest performer on the TA 35 was Enlight Renewable Energy Ltd (TASE:ENLT), which jumped 12.04% - a gain of 2,430.00 points - to close at 22,620.00. Enlight's shares reached an all-time high in the move. Ormat Technologies (TASE:ORA) added 4.21%, or 1,550.00 points, ending the day at 38,400.00. Azrieli Group Ltd (TASE:AZRG) rose 4.08% - 1,840.00 points - to finish at 46,890.00, also reaching a new all-time high.
On the downside, Camtek Ltd (TASE:CAMT) led decliners, slipping 4.39% or 2,220.00 points to 48,300.00 at the close. Tower Semiconductor Ltd (TASE:TSEM) dropped 3.46%, a fall of 1,410.00 points, to 39,370.00. Mivne Real Estate KD Ltd (TASE:MVNE) declined 3.29% or 49.00 points to 1,440.00.
Market breadth and notable listings
Declining issues outnumbered advancing ones on the Tel Aviv Stock Exchange by 288 to 185, with 75 stocks unchanged. The session included two stocks that rose to record highs: Enlight Renewable Energy Ltd and Azrieli Group Ltd.
Commodities and currencies
Energy and metals markets moved lower during the session. Crude oil for April delivery fell 1.47%, down 0.92, to $61.83 a barrel. Brent oil for April delivery slipped 2.58%, down 1.77, to $66.88 a barrel. The April Gold Futures contract fell 3.23%, a decline of 162.91, to trade at $4,883.39 a troy ounce.
In currency trading, the shekel weakened against the dollar and euro. USD/ILS was up 0.64% at 3.10, while EUR/ILS rose 0.32% to 3.66. The US Dollar Index Futures moved higher as well, advancing 0.65% to 97.44.
Implications
The day's action left Israel's benchmark at a record level, supported by gains in several sectors, even as breadth showed more declines than advances. Commodities and currency moves accompanied equity changes, with lower oil and gold prices and a firmer dollar versus the shekel and euro.