Thu: Tel Aviv 25 down 1.2% in January

Teva fell sharply and Cellcom and Partner continued their downward spiral, as the market declined today.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.37% to 1,447.85 points, the Tel Aviv 100 Index fell 0.58% to 1,269.71 points, and the BlueTech 50 Index fell 0.70% to 328.77 points. Turnover was 2.18 billion.

The Tel Aviv 25 Index fell 1.2% in January and 0.5% on the week.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.926/$, down 0.482% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.44/€, down 0.952%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.16%.

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 3.41% for the biggest fall on the Tel Aviv 25 Index on the day's largest trading turnover. Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 2.78%, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 2.82%, and Kenon Holdings Ltd (TASE:KEN: NYSE: KEN-WI) fell 3.38%.

In positive territory Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) rose 4.93% for the day's largest rise on the Tel Aviv 25 Index and Melisron Ltd. (TASE: MLSR) ended its first month on the blue chip index by rising 3.43% today.

Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) continued to lose ground, falling 1.05% and 2.12% respectively.

Published by Globes [online], Israel business news - www.globes-online.com - on January 29, 2015

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

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