Positive closing in Tel Aviv: Cannabis shares soared 30%
Shares in the cannabis were conspicuously higher: Herodium Investments jumped 31%, InterCure 23.7%, and Whitescom jumped 25%. • Spacecom jumped 20%. • SearchLight offered an improved offer for Internet Gold holdings in the universe. Completion of the transaction for the sale of 30% of the holdings in IDE
Trade Review: Current reports, trends, indices, share prices, bonds, forex and commodities, and analyst recommendations
16:25
Trading on the Tel Aviv Stock Exchange closed at a low turnover of NIS 426 million.
The TA-35 index rose 0.46%, the Tel Aviv 90 index climbed 0.6% and the Banks index shed 0.08%.
Cannabis shares stood out sharply, with Herodium Investments up 31%, InterCure at 23.7%, and Whitscomk up 25%.
Spacecom jumped 20% and completed a 90% surge in mid-February.
14:30
Trading on the Tel Aviv Stock Exchange is conducted in green territory, with a thin turnover of NIS 270 million. The TA-35 index (1,578.39 + 0.46%)
Rises 0.4%, TA-90 (1,150.64 + 0.59%)
Climbing 0.5% and the Banks Index unchanged.
Orad Company (102.2 + 2.10%)
Announced that it is entering into a series of agreements with a local partner of the Company in Africa for the sale of the Company’s operations in Africa.
The shares of Spacecom Communications (1,090 + 20.08%)
Jumps 25% and completes a two-digit increase since the announcement of a reduction in the timetable for launching a Amos 17 satellite.
Herodium share (815 + 31.45%)
Leaps 14%, InterCure (1,139 + 23.71%),
Jumps 7%, and WhiteSmoke (165 + 25.76%)
Rising 6.7%.
1:00 pm
The first trading day for this week on the Tel Aviv Stock Exchange is slightly higher, with the TA-35 rising 0.3%, the Tel Aviv 90 climbing 0.5% and the Banks Index unchanged. The trading cycle is very thin and at this time amounts to only NIS 190 million.
The shares of Spacecom Communications (1,090 + 20.08%)
Leaps 22%, completing a 70% advance in the last two weeks.
Shares of Cannabis InterCure (1,139 + 23.71%)
And the rhodium (815 + 31.45%)
Rose by 4.3% and 5.8%, respectively.
Opco Hell (996.30 + 8.39%)
Jumps by 7.7% after returning with a similar positive arbitrage gap.
11:30
Trading on the Tel Aviv Stock Exchange is currently taking place at a steep turnover of NIS 111 million. The TA-35 index is up 0.2%, the TA-90 is up 0.45% and the Banks Index is unchanged.
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The trading cycle at Sunday’s time is very low, amounting to only NIS 111 million.
09:50
Trading on the Tel Aviv Stock Exchange opened this morning with a delay (“Open English”), due to sharp fluctuations in the share price of the Tel Aviv Stock Exchange. The share is now up more than 7% at the opening.
The TA-35 index (1,578.39 + 0.46%)
Rises 0.5%, TA-90 (1,150.64 + 0.59%)
Climbing 0.1% and the Banks Index unchanged.
Sarcellite Fund improved its offer to acquire controlling shares in Bezeq Communications Group (324.5 + 2.11%)
. The fund, which is interested in acquiring Internet Gold holdings (298 + 5.08%),
Bezeq, the controlling shareholder of Bezeq, has submitted a “final and final” offer, in which the price per share in the universe rises to NIS 20, compared to the previous offer of NIS 17, and the NISSID mechanism of up to NIS 8 per share. The price currently offered constitutes a premium of 23.3% on the share price on the stock exchange.
6:45
The new trading week in Tel Aviv will open this morning against the backdrop of global rises. US leading indexes rose 0.8% and trade in Europe and Asia also closed last Friday.
Ofco’s share returns with a positive arbitrage gap of 8%, after two volatile days when the company reported a loss of $ 297 million in the fourth quarter and its share plunged 7% in Tel Aviv.
Ormat shares with a positive gap of 2%, Gazit Globe with a positive gap of 3%, Teva with a positive gap of 0.4% and Perrigo returns with a positive gap of 1%.
Delek announced the completion of the deal for the sale of 30% of the holdings in IDE. The proceeds amount to NIS 350 million and other dividends of NIS 180 million, so that the company received a total of NIS 530 million. After completing the sale the fuel will remain with a 20% holding in the IDE. Delek estimates that the expected profit from the sale of the sold shares is currently estimated at NIS 150 million.
Uncertainty in the markets? “In order to protect the case, alternative channels are also needed”
Trading in Tel Aviv closed last Thursday, with the Tel Aviv 35 index rising 0.5%, the Tel Aviv 90 index climbing 0.4%, and the Banks index rose by a similar rate, with turnover of $ 1.3 billion.
Gazit Globe (2,965.00 + 4.73%)
Has signed a huge deal for the sale of most of its holdings in Canadian subsidiary First Capital Realty (FCR) for $ 1.2 billion (about NIS 3.3 billion) in cash. The transaction will be executed in part with FCR itself, and therefore subject to the approval of a majority of the minority shareholders in FCR.