Wed: Teva surges in flat market

The Tel Aviv 25 Index barely rose today, but leading stocks Teva and Israel Chemicals both rose strongly.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 25 Index rose by 0.02%, to 1,443.53 points, and the Tel Aviv 100 Index rose 0.21%, to 1,289.69 points. The BlueTech Index fell 0.04%, to 302.59 points. The TelBond 20 corporate bond index fell 0.14%, to 324.80 points. Turnover was a low NIS 963 million.

On the foreign exchange market, the representative shekel-dollar rate rose 0.3%, to NIS 3.7420/$, and the shekel-euro rate fell 0.12%, to NIS 4.7519/€.

Today's most heavily traded stock was again Teva, which rose 3.34%, putting it at the head of the advancers table as well, followed by Israel Chemicals, which continues to strengthen after the release of the Sheshinski 2 Committee report recommending a higher government take from the company's profits, and which rose 2.49% today. The big two banks fell: Bank Hapoalim by 0.6%, and Bank Leumi by 1.25%. Bezeq rose 0.59%. Mizrahi Tefahot Bank fell 1.65%. IDB Development was the most notable decliner, falling 4.74%.

Published by Globes [online], Israel business news - www.globes-online.com - on October 22, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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