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Whereas the Nasdaq index rose 16.8%, many Israeli corporations far outperformed that rise.
Many of the Israeli tech corporations shares traded on Wall Avenue posted robust positive factors within the first quarter of 2023. Whereas the Nasdaq index rose 16.8%, many Israeli corporations far outperformed that rise. Adtech firm Perion Community (Nasdaq: PERI) rose 56.4% within the first quarter and e-commerce firm International-E (Nasdaq: GLBE) rose by an analogous proportion. Different shares that carried out effectively within the first quarter included metrology corporations Camtek (Nasdaq: CAMT), and Nova (Nasdaq: NVMI), web site constructing firm Wix.com (Nasdaq: WIX) and cell gaming firm Playtika (Nasdaq: PLTK).
There was a takeover battle between two Israeli 3D printing corporations with Nano Dimension (Nasdaq: NNDM) bidding to buy Stratasys (Nasdaq: SSYS). Each corporations’ shares fared effectively within the first quarter rising 25.7% and 39.4% respectively.
Nevertheless, some twin traded corporations had a disappointing quarter when it comes to share efficiency. LivePerson (Nasdaq: LPSN; TASE: LPSN) has misplaced 56.5% because the begin of the 12 months. Allot Communications (Nasdaq: ALLT; TASE: ALLT) and AudioCodes (Nasdaq: AUDC; TASE: AUDC) fell 21.8% and 15.7% respectively within the first quarter.
Whereas Nasdaq rose strongly, the Tel Aviv 35 Index fell 3.2% within the first quarter of 2023, partially as a result of issues in regards to the authorities’s deliberate judicial overhaul.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 2, 2023.
© Copyright of Globes Writer Itonut (1983) Ltd., 2023.
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