Wed: Banks lead losses

The major banks as well as Delek and its energy units led the market declines today.

The Tel Aviv Stock Exchange (TASE) was mixed today. The Tel Aviv 25 Index fell 0.14% to 1,453.17 points, the Tel Aviv 100 Index fell 0.16% to 1,277.08 points, but the BlueTech 50 Index rose 1.03% to 331.09 points. Turnover was 926.7 million.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.945/$, down 1.252% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.483/€, down 0.431%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.38%.

In the stock market, the banks led the losses on the Tel Aviv 25 Index. Bank Leumi (TASE: LUMI) fell 0.83%, Bank Hapoalim (TASE: POLI) fell 0.63%, and Israel Discount Bank (TASE: DSCT) fell 0.8%.

NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 1.85% for the largest rise on the Tel Aviv 25 Index and Osem Investments Ltd. (controlled by Nestle SA (SWX:NESN)) (TASE: OSEM) rose 1.47%.

Delek Group Ltd. (TASE: DLEKG) returned to negative territory, falling 0.43% and its energy units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) fell 1.87% and 1.69% respectively. Ratio Oil Exploration (1992) LP (TASE:RATI.L) fell 2.65% and Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) fell 2.21%.

Published by Globes [online], Israel business news - www.globes-online.com - on January 28, 2015

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

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