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Wed: TASE flat despite plunge by software stocks

The Tel Aviv Stock Exchange ended the day flat, with gains in the banking sector balancing out steep declines among software companies. The Tel Aviv 35 Index edged up slightly, while the broader Tel Aviv 125 Index dipped and the technology-focused BlueTech Global Index saw a sharp drop. Trading volumes were robust across both equities and bonds.

Software companies outside the main index experienced significant losses, with Matrix IT, Magic Software Enterprises, and Malam Team all falling by double digits. In contrast, Gilat Satellite Networks saw its shares rise after securing a new order. On the currency front, the shekel weakened slightly against the euro and strengthened marginally against the dollar.

Original article source: https://en.globes.co.il/en/article-wed-tase-flat-despite-plunge-by-software-stocks-1001534051
Source Id: 9074544230

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