Wed: Tel Aviv 25 Index down 0.8% in April

Bank Leumi and Gazit-Globe led sharp falls on the market. The TASE is closed Thursday, eve of the end of Passover holiday.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 1.72% to 1,438.66 points, the Tel Aviv 100 Index fell 1.45%, to 1,246.04 points and the BlueTech Index fell 1.20% to 333.06 points. The TelBond 20 corporate bond index rose 0.01% to 318.07 points. Turnover totaled NIS 1.38 billion.

On the foreign exchange market, the Bank of Israel set the shekel-dollar representative rate up 0.133% from yesterday's rate at NIS 3.768/$, and the representative shekel-euro rate up 0.405% at NIS 4.267/€.

The market had been headed for handsome gains during April but the sharp falls of the past two sessions wiped out those gains and the Tel Aviv 25 Index ended April 0.8% down, and down 5.9% since the start of the year. The market will be closed tomorrow on the eve of the end of Passover holiday.

On the market, Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) fell 3.53% for the biggest fall on the Tel Aviv 25 Index today. Bank Leumi (TASE: LUMI) fell 3.23% on the day's biggest trading turnover. First International Bank of Israel (TASE: FTIN) fell 3.13%.

Delek Group Ltd. (TASE: DLEKG) fell 1.29% and its energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) fell 3.21% and 2.59% respectively.

Paz Oil Company Ltd. (TASE:PZOL) fell 3.22%, Melisron Ltd. (TASE: MLSR) fell 2.48% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.93%.

Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 1.33%, the only share on the Tel Aviv 25 Index not to fall today.

Published by Globes [online], Israel business news - www.globes-online.com - on April 27, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018