Tel Aviv stocks are mixed at Monday mid-day. Blue chips are flat and tech stocks have lost morning gains.
The Maof-25 index, TA-100 index and Tel-Tech-15 index are all hovering around the flatline.
Tech stocks surged mightily in the last few days. Market sources surmise that the Tel-Tech-15 index and TA-75 (consisting of stocks listed on the TA-100 index that are not included in the Maof-25 index) were lifted by mutuals investing by the indices.
The Maof-25's next resistance level is at 420 points. Market sources speculate that typically intense trade ahead of the expiry of Maof options on Thursday may push the index down, farther away from that resistance level.
The banks are mixed as speculation swirls about the third-quarter reports, due this week. Discount is down 1.2% on slim turnover after Ma'ariv predicted it will end the quarter with a heavy loss of NIS 80 million.
Bank Hapoalim, which reported its results today, is rising 2.4% on hefty turnover. It reported a 70% decline in quarterly net profit to NIS 147 million. Bank Leumi is also on the rise, by 1.5%.
Formula Systems (Nasdaq:FORTY) also revealed its results today and is being greeted with cheers. It's up 1.3%, bringing its gain this month to 26%. The company reported losing $5.6 million for the quarter, against netting a slim $250,000 in the parallel quarter.
Clal Industries is slipping by 2.3% after releasing its Q3 results yesterday, showing an NIS 147 million loss after writing down investments to the tune of NIS 263 million.
Green Venture Capital is rising by 18%. Altogether it's gained 160% over the last seven days, or 122% this month.