The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.76% to 1,226.13 points, the Tel Aviv 100 Index fell 0.58% to 1,086.51 points, and the BlueTech 50 Index fell 0.58% to 337.07 points. Turnover was NIS 785.5 million.
The TASE fell across the board today, in line with losses on European markets and at the opening on Wall Street.
In the bond market, long-term Shahar unlinked shekel government bonds were unchanged and long-term Galil CPI-linked government bonds ranged between losses of 0.1% and gains of up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index fell 0.03%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.865/$, up 0.21% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.986/€, down 0.23%.
In the stock market, the banks fell hard today, after the Bank of Israel published new regulations cutting their fees. The Banking Index fell 1.6%, led by a 2.2% drop by Bank Leumi (TASE: LUMI), on the day's biggest turnover of NIS 49 million, and a 1.5% drop by Bank Hapoalim (TASE: POLI). Mizrahi Tefahot Bank (TASE:MZTF) fell another 1.1% and Israel Discount Bank (TASE: DSCT) fell 0.5%. Tel Aviv 100 listed First International Bank of Israel (TASE: FTIN) fell 0.3%, after publishing positive financials.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) bucked the market with a gain of 1.9%.
Food company Strauss Group Ltd. (TASE:STRS) fell 2.6% for the biggest loss among Tel Aviv 25 shares, and its peer, Osem Investments Ltd. (TASE: OSEM) fell 0.8%.
Telcos also fell, led by a 2.6% drop by Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL). Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 0.5% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 0.3%.
Tamar partners Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) fell 1.1% and 0.6%, after rising in several sessions, although parent company Delek Group Ltd. (TASE: DLEKG) rose another 0.3%.
Israel Corporation (TASE: ILCO) rose another 1.9% and subsidiary Israel Chemicals Ltd. (TASE: ICL) fell 0.3%. Employees today appealed to Prime Minister Benjamin Netanyahu to block a possible sale of the company to Potash Corporation of Saskatchewan Inc. (NYSE; TSX: POT).
Elsewhere in the market, Alon Holdings Blue Square - Israel Ltd. (NYSE: BSI; TASE: BSI) rose 11.3%, after publishing strong financials.
IDB Holding Corp. Ltd. (TASE:IDBH) again took star billing, falling another 10.2%, the day after disclosure of the Israel Securities Authority investigation of chairman Nochi Dankner. Its bonds fell by up to 18.5%. Subsidiary Discount Investment Corporation (TASE: DISI) fell 8.4%, and its subsidiary, Koor Industries Ltd. (TASE:KOR) fell 6%.,
Small-Cap BioView Ltd. (TASE:BIOV) rose 4.3%, after announcing a lung cancer diagnostic collaboration with Abbott Molecular Inc.
Published by Globes [online], Israel business news - www.globes-online.com - on November 28, 2012
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