Israel stocks higher at close of trade; TA 35 up 1.14%

Investing.com – Greece stocks were higher after the close on Thursday, as gains in the Construction, Travel and Banking sectors led shares higher.

At the close in Athens, the Athens General Composite gained 0.20%.

The best performers of the session on the Athens General Composite were Evropi Holdings SA (AT:EVROr), which rose 5.05% or 0.10 points to trade at 1.98 at the close. Meanwhile, Gr Sarantis SA (AT:SRSr) added 3.22% or 0.40 points to end at 12.82 and Cenergy Holdings SA (AT:CENEr) was up 3.06% or 0.46 points to 15.50 in late trade.

The worst performers of the session were Athens Medical (AT:AMCr), which fell 1.80% or 0.04 points to trade at 1.91 at the close. Elvalhalcor Hellenic Copper and Aluminium Industry SA (AT:ELHA) declined 1.32% or 0.05 points to end at 3.36 and Holding Company ADMIE IPTO SA (AT:ADMr) was down 1.04% or 0.03 points to 2.85.

Falling stocks outnumbered advancing ones on the Athens Stock Exchange by 59 to 55 and 18 ended unchanged.

Gold Futures for February delivery was up 0.11% or 4.65 to $4,237.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.02% or 0.60 to hit $59.55 a barrel, while the February Brent oil contract rose 0.81% or 0.51 to trade at $63.18 a barrel.

EUR/USD was unchanged 0.02% to 1.17, while EUR/GBP unchanged 0.10% to 0.87.

The US Dollar Index Futures was down 0.03% at 98.77.

Investing.com -- MDA Space Ltd. (TSX:MDA) stock rose 7.7% on Thursday after the company secured a $44.7 million contract from the Canadian government to supply critical components for a new radar imaging satellite.

The contract, awarded by Public Services and Procurement Canada on behalf of the Canadian Space Agency (CSA), covers the procurement and delivery of long lead parts for a RADARSAT Constellation Mission (RCM) replenishment satellite. Additionally, the Canadian government announced its intention to contract MDA Space to build, test, and launch the satellite, with the full mission contract expected to be awarded in 2026.

The agreement is part of Canada’s $1.012 billion RADARSAT+ initiative, a 15-year investment announced in October 2023 to support the country’s satellite Earth observation capabilities. The company has also secured a separate $747,000 contract to deliver a concept study for a next-generation synthetic aperture radar (SAR) satellite system.

MDA Space, which designed and built the currently operating RCM satellites, will leverage its MDA CHORUS™ satellite design for the replenishment satellite. The existing RCM satellites provide maritime surveillance, ecosystem monitoring, and emergency management services to Canadian government departments.

"We are honoured to have been selected by the CSA to support the RCM replenishment satellite project," said Mike Greenley, CEO of MDA Space. "By leveraging the advanced development of the MDA CHORUS™ satellite design for this replenishment satellite, we can offer the CSA a cost-effective and timely solution that ensures continuity of service to meet the evolving needs of Canadian users."

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Lion Group Holding Ltd (NASDAQ:LGHL) shares tumbled 9.4% on Thursday after the company announced plans to allocate $8 million from a convertible note offering toward purchasing Bitcoin for its corporate treasury.

The Nasdaq-listed company has entered into an amendment to its previously announced Securities Purchase Agreement to facilitate a subsequent closing under its convertible note facility, which will generate approximately $9.98 million in gross proceeds. The transaction is expected to close around December 5, 2025, subject to customary closing conditions.

Lion Group CEO Wilson Wang described the Bitcoin allocation as a strategic move to enhance the company’s treasury, which currently consists primarily of Hyperliquid (HYPE) tokens. "Our digital asset strategy is designed to capture opportunities while maintaining a disciplined approach to risk," Wang stated. "We believe current market conditions present a favorable accumulation window."

The company cited the current "market cooldown" across digital assets as providing an attractive entry point for Bitcoin investment. Lion Group also highlighted Bitcoin’s liquidity and volatility as providing stability and diversification for its balance sheet.

Despite management’s optimistic outlook on the Bitcoin allocation strategy, investors responded negatively to the announcement, sending shares lower. Chardan is acting as the sole placement agent for the subsequent closing of the convertible note offering.

Lion Group noted it will continue to actively manage its corporate treasury and may reallocate among digital assets depending on market conditions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Macquarie downgraded GitLab to Neutral from Outperform and cut its target price to $40 from $70, saying the company has yet to show a clear path to reaccelerating growth as execution remains uneven and several customer segments weaken.

GitLab posted a small third quarter revenue beat and lifted the high end of its full year outlook by the same $5 million, but Macquarie said the update is unlikely to reassure investors.

Revenue growth slowed to 25% year on year, a new low, and the guidance increase marked the first raise this year, which the brokerage said falls short of the company’s historical beat and raise pattern.

Macquarie said the drag is coming from both internal and market factors. Federal and small business demand weakened through the year and sales changes for fiscal 2026, including a new sales chief, a new team focused on winning new customers and a shift in resources toward quota carrying staff, may have disrupted near term execution. The firm said these issues often signal deeper challenges rather than temporary noise.

The are some structural risks on GitLab. Like enterprise budgets are tilting toward AI coding tools and away from hiring developers, which may hurt GitLab’s seat based pricing model.

Also there is rising competitive pressure from Microsoft GitHub, though it said it is unclear how much share GitLab may be losing.

The firm trimmed long term revenue expectations despite a slight increase to fiscal 2026 estimates. It cut fiscal 2027 and 2028 forecasts and applied lower valuation multiples, driving the 43% reduction in its target price.

Macquarie now values the stock using an average of EV revenue, EV free cash flow and discounted cash flow approaches.

GitLab guided fourth quarter revenue to $251 million to $252 million, up about 19% year on year and roughly in line with estimates.

Full year revenue is now expected at $946 million to $947 million, up 25%. Management said small business softness has persisted and the recent US government shutdown will weigh on federal deals.

Macquarie said the shares trade at a steep discount to the group’s growth software index and could rebound if sales execution improves or if adoption of GitLab’s Duo Agent Platform accelerates. But it warned that continued choppy execution or broader structural pressure remain risks.