Thu: Teva again pulls market down

The Tel Aviv 35 Index fell 0.7% this week, with Teva depressing the index today.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.53%, to 1,412.19 points; the Tel Aviv 125 Index fell 0.69%, to 1,282.08 points; and the BlueTech Global Index fell 1.40%, to 368.09 points. The TelBond 20 corporate bond index fell 0.19%, to 333.12 points. Turnover totaled NIS 1.78 billion.

For the week, the Tel Aviv 35 Index fell 0.7%. The index is down 4.0% for the year to date.

On the foreign exchange market, the representative shekel-dollar rate was set 0.06% higher, at NIS 3.6050/$, and the representative shekel-euro rate was set 0.23% higher, at NIS 4.0114/€.

Bank Hapoalim led trading today, and rose 0.67%. Teva, which opened on a large negative arbitrage gap, fell 4.28% (after falling 3.86% yesterday), which weighed on the Tel Aviv 35 Index. Bezeq, whose results released today were given a cool reception by analysts, fell 0.65%. Bank Leumi closed flat, and Mizrahi Tefahot Bank rose 1.58%.

Mazor Robotics rose 6.29%, Azriel Group rose 2.71%, and Frutarom rose 1.60%.

Published by Globes [online], Israel business news - www.globes-online.com - on May 18, 2017

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

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