In 2020, the weight loss of Tel Aviv 35 continued out of the total trade • Trade in Tel Aviv 90 rose to 29% • Rises in Tel Aviv and a positive opening on Wall Street • The dollar strengthened slightly to NIS 3.13
Trading of 1.35 billion shekels per day
Photography:
Gideon Markovich
Yesterday (Wednesday) was a day of gains on the Tel Aviv Stock Exchange.
Even the dollar recorded a slight recovery, but remained close to its new support line, at a rate of 3.13 shekels.
The leading Tel Aviv indices rose by up to 1% (Tel Aviv 90), while Bezeq jumped by about 8% due to the estimate that the prices of landline phones will not fall soon.
Teva shares registered a slight decline of about half a percent and since the beginning of the year have recorded a return of close to 20%.
The shares of the big banks - Hapoalim and Leumi - fell in the morning following the decision to limit their weight in the bank funds, below their real weight in it, but still closed the trading day with gains.
At the end of 2020, the average trading volume of shares on the stock exchange was approximately NIS 1.35 billion per day, an increase of approximately 38% compared to 2019 (excluding turnover outside the stock exchange and turnover in mutual funds).
Turnover includes off-exchange transactions, and in the past year amounted to NIS 1.86 billion, compared with NIS 1.3 billion in 2019 - an increase of 43%.
Since the outbreak of the corona crisis in the last week of February, there have been large trading volumes in the domestic capital market with high volatility in stock prices, which peaked in March and April, with an average daily turnover of NIS 2 billion and NIS 1.6 billion per day, respectively.
Turnover growth in 2020 applies to all industries, with notable growth is in the technology, financial services and real estate.
In 2020, the decrease in the concentration of trading in shares of the largest and continued increase in trading in the shares of mediocrity.
The rate of Commerce Tel Aviv 35 shares out of the total trade dropped from about 76 % in 2018 and 70% in 2019 to about 62% last year, while the percentage of stocks trading TA-90 out of the total trade rose from 16% in 2018 to approximately 21% in 2019 and this year amounted to approximately 29%.
Wall Street began trading day with slight gains, Tesla recorded another 5% jump and has jumped about 20% since the beginning of 2021. Twitter shares have recovered slightly since the blockade of President Trump and rose 2% at the beginning of the trading day.