Wed: Teva rally gains momentum

Teva, Mylan and Sodastream led the market higher today but Tower and Israel Chemicals declined.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.57% to 1,448.51 points; the Tel Aviv 125 Index rose 0.52%, to 1,282.57 points; but the BlueTech Global Index fell 0.42% to 371.79 points. The TelBond 20 corporate bond index rose 0.02% to 324.76 points. Trading turnover was NIS 1.66 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.027% today compared with yesterday's rate at NIS 3.747/$, and the representative shekel-euro rate was set down 0.691% at NIS 3.954/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 6.22% on the day's biggest trading turnover to complete a 12.6% rise since publishing its fourth quarter results on Monday.Mylan N.V. (Nasdaq: MYL; TASE: MYL) rose 4.50% and Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 2.46%. Sodastream International Ltd. (Nasdaq: SODA) rose 8.90% for the biggest rise on the Tel Aviv 35 Index today after publishing strong fourth quarter results.

Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.88% and parent company Israel Corporation (TASE: ILCO) fell 2.43%. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) fell 2.48% for the biggest fall on the Tel Aviv 35 Index. Paz Oil Company Ltd. (TASE:PZOL) fell 2.03% and Strauss Group Ltd. (TASE:STRS) fell 2%. Alony Hetz Property and Investments Ltd. (TASE: ALHE) fell 2.44%, Amot Investments Ltd. (TASE:AMOT) fell 2.32% and Big Shopping Centers (2004) Ltd. (TASE:BIG) fell 1.83%.

Published by Globes [online], Israel business news - www.globes-online.com - on February 15, 2017

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

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