Sun: Energy stocks lead market losses

Delek and its energy units fell while Cellcom and Partner continued to lose ground.

The Tel Aviv Stock Exchange (TASE) was mixed today. The Tel Aviv 25 Index fell 0.27% to 1,459.56 points, the Tel Aviv 100 Index fell 0.19% to 1,267.32 points, but the BlueTech 50 Index rose 0.43% to 330.19 points. Turnover was NIS 455 million.

In the foreign currency market, futures trading pointed to a 0.24% rise in the shekel-dollar representative exchange rate compared with Friday's rate to NIS 3.934/$, and a 0.19% fall in the shekel-euro representative exchange rate to NIS 4.444/€.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index rose 0.29%.

In the stock market, Delek Group Ltd. (TASE: DLEKG) and its energy exploration and production units again led the Tel Aviv 25 Index market losses. Delek fell 0.91% and Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) fell 2.5% and 2.59% respectively. The latter was the biggest fall on the Tel Aviv 25 Index. Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) fell 2.36%.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.67% and Israel Chemicals (TASE: ICL: NYSE: ICL) fell 0.25% on the day's biggest trading turnover.

Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 4.76% for the biggest rise on the Tel Aviv 25 Index and Melisron Ltd. (TASE: MLSR) rose 3.14%.

On the Tel Aviv 100 Index, Pluristem Therapeutics Ltd. (Nasdaq:PSTI; TASE: PSTI) fell 9.64% on an arbitrage gap. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 2.65% and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 3.59%.

Published by Globes [online], Israel business news - www.globes-online.com - on February 1, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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