The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.93% to 1,219.46 points, the Tel Aviv 100 Index fell 1.08% to 1,071.17 points, and the TechBlue 50 Index fell 1.59% to 326.29 points. Turnover was NIS 992 million.
The TASE fell sharply today, despite a mixed session on European markets but in line with losses on Wall Street on Friday.
In the foreign currency market, options pointed to a 0.12% drop in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.794/$, and no change in the shekel-euro exchange rate at NIS 4.97/€.
In the bond market, both long-term Shahar unlinked shekel government bonds fell by up to 0.1%, but long term Galil CPI-linked government bonds rose by up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index fell 0.05%.
In the stock market, dual listed technology firms led the losses with Mellanox falling a further 6.2%, the largest fall on the Tel Aviv 25 Index. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell a further 3.8%, after publishing its strategic program last week, on the day's largest trading volume of NIS 85 million. Teva successfully raised $2 billion in debt on Friday in an offering of two bond series by subsidiaries. Between them Teva and Mellanox represent 15% of trading on the Tel Aviv 25 Index.
Another dual-listed companies that also had a bad day was Perrigo Company (Nasdaq:PRGO; TASE:PRGO), which fell 3%. But EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) rose 3.7%.
Outside the Tel Aviv 25, online translation company Babylon Ltd. (TASE:BBYL) fell 9.2% and Allot Communications Ltd. (Nasdaq:ALLT; TASE: ALLT) was down 12.1%, while the Technology Index fell 2%.
The Banking Index fell 0.2% with Bank Leumi (TASE: LUMI) up 1.2% and Bank Hapoalim (TASE: POLI) down 0.8%.
IDB Holding Corp. Ltd. (TASE:IDBH) fell 5.7% and its bonds were down 6.1% on news that the company is suspending new philanthropic initiatives.
Aposense Ltd. (TASE: APOS) fell 48.3% after reporting unsatisfactory results in a clinical trial.