Tel Aviv equities closed modestly higher on Monday, with the TA-35 index finishing up 0.09% at the end of trading as sector strength in Biomed, Banking and Oil & Gas helped lift prices.
At the close in Tel Aviv, Tower Semiconductor Ltd (TASE:TSEM) was the session leader on the TA-35, advancing 4.15% - a rise of 3,500.00 points to close at 87,770.00. Mega Or (TASE:MGOR) added 3.49% or 1,940.00 points to finish at 57,540.00, while NICE Ltd (TASE:NICE) rose 3.17% - up 780.00 points - to end the day at 25,400.00.
On the downside, Next Vision Stabilized Systems (TASE:NXSN) recorded the largest decline on the TA-35, falling 5.28% or 1,420.00 points to close at 25,480.00. Dimri (TASE:DIMRI) slid 2.80% - down 980.00 points to 34,010.00 - and Enlight Renewable Energy Ltd (TASE:ENLT) lost 2.58% or 660.00 points to finish at 24,960.00.
Market breadth was negative by a wide margin. Falling issues outnumbered advancers on the Tel Aviv Stock Exchange by 325 to 144, with 88 issues ending unchanged.
Tower Semiconductor reached a notable peak within the session, trading at a five-year high as it added 4.15% to reach 87,770.00 at the close.
Commodities and currencies
Commodity markets saw declines across several key contracts. Crude oil for August delivery decreased 2.57% - down $1.95 - to settle at $73.90 a barrel. Brent crude for September delivery fell 3.05% or $2.44 to $77.61 a barrel. Precious metals were also lower, with the August Gold Futures contract dropping 0.70% or $29.65 to trade at $4,216.25 a troy ounce.
Currency moves included an advance in the U.S. dollar versus the shekel and euro crosses. USD/ILS rose 0.51% to 2.97, while EUR/ILS increased 0.33% to 3.40. The U.S. Dollar Index Futures was up 0.02% at 100.64.
Context and implications
The session combined selective stock-level strength with broad weakness among listed issues, as gains in several heavyweights contrasted with a larger number of decliners. Sector-level leadership in Biomed, Banking and Oil & Gas coincided with price moves in energy and precious metals markets, while modest appreciation in the dollar was recorded against the shekel and euro.