Today, too, sharp declines were recorded in the leading indices. • TA 35 and TA 90 fell 7% and are now about 20% lower than their peak
Sharp declines in the Corona Shadow Exchange // Photo: Gideon Markovich
Continuing the stock market crisis in recent days, and a fall in stock value following the Corona crisis, the stock trading day opened Monday morning (sharp) in sharp declines. The TA 35 and TA 90 indices plummeted by close to 7%, and currently the indices are about 20% lower than their peak.
Delek also continues to dive freely, currently at 33%, following a 30% drop on trading day yesterday. The decline in the Delek Group's shareholding, owned by Yitzhak Tshuva, is due in part to the decline in oil prices, which also affects fuel prices.
Trading day opens half hour late due to declines at the start of trading day. In Europe, too, there are declines, at about 8%.
Yesterday, the TA 35 fell almost 5%, having already lost 7% during the trading day. TA 90 fell 4.35%, oil and gas plunged 14.3%.
Banking, insurance, financial and real estate indices fell 5% -7%. Against the new declines, the public fears the collapse of its savings and during the day the turnover of mutual funds totaled NIS 3.4 billion - an amount that has not been seen for 12 years, since the economic crisis. Big in 2008. Meanwhile, El Al announced yesterday that they expect a $ 140-160 million revenue decline in January to April following the Corona virus and the airline crisis caused by it.