Tel Aviv equities finished the session in positive territory on Monday, with the TA 35 index recording a small gain. At the close in Tel Aviv the TA 35 rose 0.07%, reflecting a session led by moves in the Oil & Gas, Insurance and Financials sectors.
Leading winners
The strongest performers on the TA 35 were Tower Semiconductor Ltd (TASE:TSEM), which advanced 5.42% - a rise of 3,650.00 points - to finish at 71,000.00 at the close. Delek Group (TASE:DLEKG) added 4.44%, or 3,340.00 points, ending the day at 78,560.00. The Tel Aviv Stock Exchange (TASE:TASE) also posted gains, rising 3.36% - up 400.00 points - to 12,300.00 in late trading.
Notable laggards
On the downside, Camtek Ltd (TASE:CAMT) led declines after dropping 4.61% - down 2,000.00 points - to close at 41,400.00. Next Vision Stabilized Systems (TASE:NXSN) fell 4.33%, a decrease of 1,040.00 points, to finish at 23,000.00. Elbit Systems Ltd (TASE:ESLT) slipped 2.70%, a decline of 6,170.00 points, to close at 222,500.00.
Market breadth and activity
Declining issues outnumbered advancing ones on the Tel Aviv Stock Exchange, with 306 stocks falling versus 166 advancing; 87 issues ended the session unchanged.
Commodities and currencies
Commodities trading saw crude oil climb sharply and gold pull back. Crude oil for August delivery rose 4.40%, a gain of 3.14, to $74.55 per barrel. Brent crude for September delivery increased 4.32%, or 3.28, to $79.29 per barrel. In precious metals, the August Gold Futures contract fell 2.37%, down 97.38, to trade at $4,016.32 a troy ounce.
On the currency front, USD/ILS was up 0.83% to 3.03, while EUR/ILS rose 0.59% to 3.45. The US Dollar Index Futures was higher by 0.21%, trading at 100.96.
Bottom line
The Tel Aviv market registered a modest gain on Monday, with select large-cap stocks outperforming even as declines outnumbered advances. Energy-linked names and financial-related listings were among the contributors to the upside, while individual technology and defence stocks were notable sources of weakness. Macro moves in oil, gold and the dollar were evident alongside the equity results.