After the respectable gains posted yesterday, the Tel Aviv Stock Exchange opened this morning stable on NIS 15 million turnover. Yesterday, after the IDF revoked plans to enter the Gaza strip, the market traded on 1% gains throughout the day as positive sentiment prevailed.
The Maof-25 blue chip and the TA-100 indices are trading unchanged at 387.7 points and 373.4 points. Technology shares are edging up 0.9%.
The banks are trading mixed this morning with Bank Hapoalim up 0.1% on NIS 2 million turnover, the second largest on the floor. Bank Leumi is trading unchanged and Discount Bank is sliding 1.7%. Bank shares, particularly Bank Hapoalim, have suffered recently from foreign investor sell-offs due to a number of negative recommendations from foreign investment banks.
Lipman is up 6.8% on turnover of NIS 1.5 million. This morning the company reported 87% growth in net profit in Q1 2002, with NIS 21.1 million. Revenue increased 37% and came to NIS 82 million.