Thu: TA 35 maintains momentum

The market managed to end the day slightly higher, with Bank Hapoalim and Bank Leumi firmer, although the other top-five stocks fell.

The main indices on the Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.28%, to 1,393.14 points and the Tel Aviv 125 Index rose 0.27%, to 1,258.82 points. The BlueTech Global Index fell 0.21%, to 359.56 points. The TelBond 20 corporate bond index rose 0.07%, to 330.05 points. Turnover totaled NIS 1.24 billion.

Over the past two weeks, the Tel Aviv 35 Index has fallen 0.5%. The index is down 5.3% for the year to date.

On the foreign exchange market, the representative shekel-dollar rate was set 0.08% lower, at NIS 3.6640/$, and the representative shekel-euro rate was set 0.09% higher, at NIS 3.9363/€.

Trading was led today by Bank Leumi, which rose 1.27%. Teva fell 0.70%; Alony Hetz fell 2.67% following an equity offering and a price target cut by Oppenheimer; Israel Chemicals fell 1.11%; and Bank Hapoalim rose 0.85%.

Prominent advancers today were Electra, up 4.83%; Opko Health, up 4.00%; Sodastream, up 3.80%; and Dexia Israel, which yesterday announced the sale of a quarter of its loan portfolio and a dividend distribution, up 3.57%. Among the decliners, Mannkind, which announced a debt rescheduling agreement with the Deerfield fund that valued it at 10% below its opening price, fell 6.99%, Partner fell 3.05%, and Phoenix fell 2.68%.

Published by Globes [online], Israel business news - www.globes-online.com - on April 20, 2017

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

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