Mon: Energy stocks tumble

Energy stocks led the TASE lower today, but it was a better day for companies doing real estate business in Russia.

The main indices on the Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 0.43%, to 1,481.14 points; and the Tel Aviv 100 Index fell 0.42%, to 1,311.40 points. The BlueTech Index rose 0.72%, to 324.31 points, and the TelBond 20 corporate bond index rose 0.67%, to 317.71 points. Turnover totaled NIS 1.52 billion.

On the foreign exchange market, the shekel strengthened today. The representative shekel-dollar exchange rate was set 0.18% lower, at NIS 3.923/$, and the representative shekel-euro rate was set 0.3% lower, at NIS 4.8122/€.

Teva led trading and fell 2.27%, after rising 3.3% yesterday. Bank Hapoalim was next, falling 0.16%. After that in the trading table came energy stocks Avner, down 5.3%, Delek Group, down 6.28%, and Delek Drilling, down 6.14%, all affected by the news that the Antitrust Authority was reconsidering its position on allowing Delek Group and Noble Energy to continue owning the Leviathan natural gas reserve. Outside the top five, another energy exploration stock, Ratio, fell 9.47%.

Two stocks affected by the crisis in Russia, JEC and Africa-Israel, rose, by 5.27% and 3%, following a Bloomberg report that Chinese ministers had said China would come to Russia's aid. Opko Health was another notable riser, up a further 2.66% today on top of yesterday's rise.

Can-Fite Biopharma rose 2.63% on news that the CF102 drug it is developing had been administered to a liver cancer patient in a Phase II trial.

Published by Globes [online], Israel business news - www.globes-online.com - on December 22, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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