Tue: Teva falls as TASE climbs

Teva, Opko and Elbit led the declines but Sodastream, Frutarom and Partner lifted the market.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.09% to 1,488.24 points; the Tel Aviv 125 Index rose 0.28% to 1,351.40 points; and the BlueTech Global Index rose 0.10% to 371.83 points. The TelBond 20 corporate bond index fell 0.19% to 343.21 points. Trading turnover was NIS 1.29 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.317% from yesterday's exchange rate at NIS 3.479/$ and set the shekel-euro rate up 0.288% at 4.280/€.

On the market, Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 4.58% for the biggest fall on the Tel Aviv 35 Index. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.57% and Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 1.49%. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.91% despite posting strong fourth quarter results and Bank Leumi (TASE: LUMI) fell 0.46% on the day's biggest trading turnover.

Sodastream International Ltd. (Nasdaq: SODA; TASE: SODA) rose 5.25% for the biggest rise on the Tel Aviv 35 Index today. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 2.81%, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 3.60%, and Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 2.86% after posting strong fourth quarter results.

Published by Globes [online], Israel business news - www.globes-online.com - on March 20, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

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