The year 2024 opened on the Tel Aviv Stock Exchange hesitantly, and in the summary of the first month since the beginning of the year, it shows relatively moderate changes, with among the prominent indices TA 125 remaining unchanged, while TA 35 weakened slightly (about 0.5%) and TA 90 strengthened by approx. -2%
Along with this, some shares opened the current year with burners, and within a month they gave their investors adequate returns at double-digit rates of up to about 30%.
These are stocks from the technology sector, a sector that stood out positively last year in the world as well, and from the finance sector.
Daniel Zilberstein, investment manager at the Migdal Shuki Hoon Group, refers to the outstanding newcomers in Tel Aviv 125 in the January 2024 summary:
Next Vision: 30% increase
"The stock of the company, which develops and manufactures stabilized cameras for vehicles and aircraft, has been enjoying positive momentum for a long period of time, with a jump reaching about 360% a year ago, against the background of the trend towards increasing the armament of many countries around the world. At this stage, Next Vision is presenting results Positive financials, meets targets and its order backlog is growing."
The stock exchange: a 20% increase
"The stock exchange itself is traded on the stock exchange. This is a company engaged in the trading and clearing of securities (SE), whose stock enjoyed significant increases mainly in the last third of the month, against the background of the sale of shares by several institutional entities, with the Jewish billionaire Bill Ackman, who invested About NIS 100 million in the purchase."
Nikes: Up 25%
"A company that develops and sells digital services for clearing and business operations, which, as a trend, presents positive financial results. In recent times, the company has not published any prominent announcement regarding its current business."
Camtech: up 16%
"A manufacturer of test equipment for the chip manufacturing process owns a product that supports artificial intelligence (AI) activity, which was one of the successful areas of investment in 2023, and it is expected that Kamtech will be able to benefit from the growing demand for AI products to increase its order backlog."
Because of the rise of the dollar, photo: GettyImages
Direct funding: 17% increase
"Engages in providing non-bank credit for the purchase of vehicles and other uses, and the increases in its stock since the beginning of the year are recorded after the stock ended 2023 with a significant decline of about 20%, contrary to the general market trend. Now, it seems that the stock is enjoying a change of direction, among other things, after an interest rate cut The Bank of Israel at the beginning of January alongside market expectations for additional interest rate cuts later this year, moves that may help its current business and the financial results of direct financing."
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