Thu: Tel Aviv 25 Index down 1.8% on week

The TASE fell today, despite gains on European markets and at the opening on Wall Street, with telcos correcting downwards.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.34% to 1,189.67 points, the Tel Aviv 100 Index fell 0.11% to 1,069.56 points, and the BlueTech 50 Index fell 0.39% to 299.07 points. Turnover was NIS 1.49 million.

The TASE fell today, despite gains on European markets and at the opening on Wall Street. The Tel Aviv 25 Index fell 1.8% for the week.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.648/$, up 0.88% on yesterday's rate, and set the shekel-euro exchange rate at NIS 4.749/€, up 0.78%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.28%.

In the stock market, telcos corrected downwards. Mobile carriers Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 3.2% and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 0.3%, while Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 0.4%.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 3.6% for the biggest loss among Tel Aviv 25 shares.

Perrigo Company (NYSE:PRGO; TASE:PRGO) and Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) both rose 1.1% to buck the market.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.3% on the day's biggest turnover of NIS 179 million.

Elsewhere in the market, Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. (TASE:RMLI) rose 1.2%, after its controlling shareholder Rami Levy sold another bloc of shares in his company.

IDB Holding Corp. Ltd. (TASE:IDBH) rose 1%, after chairman Nochi Dankner promised a big investment soon in the company.

Mazor Robotics Ltd. (Nasdaq: MZOR; TASE:MZOR) fell 1.5%, after announcing the sale of a second robotic navigation surgical system in the US in as many days. Small-Cap Aposense Ltd. (TASE: APOS) rose 29.1%, after obtaining a US patent for its molecule for the treatment of cancer.

Published by Globes [online], Israel business news - www.globes-online.com - on June 27, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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