Mon: Teva, Perrigo drag TASE down

Teva and Perrigo led the declines today with Strauss and Discount Bank also losing ground.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 1.00% to 1,406.67 points; the Tel Aviv 100 Index fell 0.96%, to 1,232.24 points; and the BlueTech Index fell 0.77% to 361.18 points. The TelBond 20 corporate bond index rose 0.11% to 323.09 points. Trading turnover was NIS 1.59 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.341% today compared with Friday's rate at NIS 3.798/$, and the representative shekel-euro rate was set up 0.493% at NIS 4.052/€.

On the market, Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 2.56% for the biggest fall on the Tel Aviv 25 Index on the day's biggest trading turnover. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.53% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.29%. Strauss Group Ltd. (TASE:STRS) fell 1.73%. Israel Discount Bank (TASE: DSCT) fell 2.29% and First International Bank of Israel (TASE: FTIN) fell 1.63%.

Only two shares rose on the Tel Aviv 25 Index today. Israel Chemicals (TASE: ICL: NYSE: ICL) rose 0.17% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 0.20%.

Published by Globes [online], Israel business news - www.globes-online.com - on January 23, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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