Market Report / TA zips past 1,000 - again
The TA-25 index yesterday closed the opening session of the second quarter with a new record high of 1,004.2 points.
The results come on the heels of an 8-percent rise recorded during the first quarter.
The last time the Maof tried to break through the 1,000 point barrier was on February 19, but that milestone lasted just day, and never managed a real breakthrough.
Wall Street ended trade last Friday with mild gains of 0.2 percent on the Nasdaq and 0.1 percent for the Dow Jones. U.S. indexes continued to suffer from volatile trading and negative expectations due to a slowdown in U.S. economic growth.
Tel Aviv markets, however, have been ignoring the trend throughout the world, and recorded its ninth day of gains over the last 10 trading days.
The TA-100 rose 0.6 percent to close at 1,000.9 points, and the Tel-Tech 15 lost 0.3 percent.
The bank index rose 0.5 percent, and the Real Estate-15 was up by the same percentage.
Bond markets showed slight gains of up to 0.16 percent in long-term Shahars, while long-term linked Galils were up by up to 0.1 percent.
Turnover was NIS 1 billion, an average Sunday figure in which foreign investors do not participate.
Bezeq (TASE: BEZQ) raised quite a lot of interest after publishing its 2006 financial reports yesterday morning. (See story, Page 9).
Another share that caused a bit of interest was Delek Real Estate (TASE: DLKR), which had tried to issue its international holdings on the AIM in London at the end of last week. The share, which was up by over 1 percent most of the day, closed down 1.8 percent. The company has yet to announce the results of the issue. But Delek's attempt to issue on Wednesday night at a value of 2.2-2.9 pounds per share failed, forcing it to lower the value to 2.1-2.2 pounds per share. The company also lowered the amount it wished to raise from 150 million to 100 million pounds.
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