The Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 0.75%, to 1,433.24 points; the Tel Aviv 100 Index fell 1.00%, to 1,277.29 points; and the BlueTech Index fell 0.851%, to 298.52 points. The TelBond20 corporate bond index fell 0.03%, to 326.94 points. Turnover totaled NIS 1.042 billion. The Tel Aviv 25 Index has fallen 1.2% in the past two weeks. It is up 7.8% year-to-date.
Trading ended early today, at 14:30, because of the Sukkot holiday. The stock exchange will be closed until Sunday, October 19.
On the foreign exchange market, the shekel-dollar representative rate was set 0.1606% higher than yesterday, at NIS 3.743/$, and the shekel-euro rate was set 0.3444% higher, at NIS 4.7498/€.
Following yesterday's falls on Wall Street, several major dual-listed stocks were left with large negative arbitrage gaps. Teva, which was today's most heavily traded stock, fell 3.69%, and Perrigo, another dual-listed healthcare stock, fell 2.52%. On the other hand, Opko Health actually closed up 0.97%, and Nice Systems was almost flat.
Bezeq was number two after Teva in the trading table, closing 1.57% higher. After it came Bank Leumi, up 0.07%, Bank Hapoalim, down 0.50%, and Israel Chemicals, down 0.90%. UBS raised its recommendation for Israel Chemicals from Neutral to Buy today. Israel Chemicals' parent company Israel Corporation fell 3.69%, after an impressive rise yesterday.
After opening on positive arbitrage gaps, Protalix rose 8.09%, and Allot Communications rose 2.05%.
Food companies Osem and Strauss both advanced, by 1.73% and 1.47%.
Published by Globes [online], Israel business news - www.globes-online.com - on October 14, 2014
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