Wed: Israel Chemicals in negative territory again

Israel Chemicals, Teva and Delek Group were among today's major decliners on the TASE.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.53% to 1,451.27 points, the Tel Aviv 100 Index fell 0.59% to 1,298.27 points, and the BlueTech 50 Index fell 0.99% to 309.03 points. Turnover was NIS 1.03 billion.

The TASE fell in line with losses on European markets and at the opening on Wall Street.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.672/$, down 0.622% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.624/€, down 0.527%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.09%.

In the stock market, Israel Chemicals Ltd. (NYSE: ICL; TASE: ICL) lost another 0.94% on the day's largest trading turnover, while parent company Israel Corporation (TASE: ILCO) was down 0.77% after announcing a $130 million loan to its Chinese car joint venture Qoros.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) was down 1.41% andOpko Health Inc. (NYSE: OPK; TASE: OPK) was down 1.99%. Delek Group Ltd. (TASE: DLEKG) was down 1.43%.

Few shares rose with Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) up 0.93% for the l;argest rise on the Tel Aviv 25 Index.

Published by Globes [online], Israel business news - www.globes-online.com - on October 1, 2014

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

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