Shares in Tel Aviv sharply lower after delayed opening

After a delayed opening this morning, with the start of trading being delayed by six minutes to mitigate the effect of the sharp declines in the double-listed stocks traded in both Tel Aviv and New York, the first session of the week on the Tel Aviv Stock Exchange began a significant downturn.

The Tel Aviv 35 Index is currently down 2.86% to 1,961.71 points; the Tel Aviv 125 Index is down 2.99% to 2,049.98 points; and the BlueTech Global Index is down 4.28% to 491.30 points.

All five major stocks fell sharply: Bank Leumi at 2.72%; Bank Hapoalim at 3.01%; Discount bank with 3.02%; Nice Systems with 4.93%; and ICL at 1.77%.

The strongest decliners are Opko Health, down 14.47%, Nova, down 7.76% and Perion Network, down 6.40%.

In New York on Friday, the S&P 500 fell 1.89%, the Dow Jones Industrial Average 1.30% and the Nasdaq index 2.7%. Over the week, the S&P 500 fell 5.7%, the Dow Jones 4.6% and the Nasdaq 7.6%. Among Israeli stocks, Liveperson opened a negative arbitrage hole of 7.3% on Friday, Ormat closed on a negative 6% hole, Tower Semiconductor, Nice Systems and Opko Health had a negative hole of about 5.5% and Teva had a negative hole of about 5.5%. 4% . Opko Health continued to decline in after-hours trading.

The Tel Aviv 35 Index fell 2.5% last week.

Also on Friday, the representative dollar shekel rate rose 0.19% to NIS 3.14/$, and the representative shekel rate for the euro 0.20% to NIS 3.5611/€.

The US Federal Reserve will announce an interest rate decision this Wednesday.

Published by Globes, Israel business news – en.globes.co.il – on January 23, 2022.

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