Tue: Teva depresses market

Teva fell on heavy trading but Delek was lifted after signing an MOU to sell Phoenix.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.36% to 1,455.25 points, the Tel Aviv 100 Index fell 0.04% to 1,279.08 points, and the BlueTech 50 Index fell 0.04% to 327.73 points. Turnover was NIS 1.25 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.995/$, down 0.075% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.502/€, up 0.269%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.27%.

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.61% on the day's highest trading turnover. Israel Corporation (TASE: ILCO) fell 3.57% for the biggest fall on the Tel Aviv 25 Index.

Delek Group Ltd. (TASE: DLEKG) rose 2.41% on new it has signed an MOU to sell The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5). Energy units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) rose 0.92% and 0.71% respectively.

Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 2.75% for the biggest gain on the Tel Aviv 25 Index.

Mobile operators Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 5.08% and 3.77% respectively to win back some of their recent losses.

Published by Globes [online], Israel business news - www.globes-online.com - on January 27, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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