Tue: Teva fails to lift market

Teva corrected upwards, but Israel Chemicals fell on reports of labor unrest.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.26% to 1,297.97 points, the Tel Aviv 100 Index fell 0.16% to 1,172.73 points, and the BlueTech 50 Index fell 0.16% to 325.96 points. Turnover was NIS 1.04 billion.

The TASE indices fell today, 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 3.532/$, down 0.03% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.767/€, down 0.12%.

In the bond market, long-term Shahar unlinked shekel government and long term Galil CPI-linked government were flat. The corporate bond benchmark Tel-Bond 20 Index fell 0.15%

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) corrected upwards 1% on the day's biggest turnover of NIS 63.9 million. Opko Health Inc. (NYSE: OPK; TASE: OPK) rose another 2.6% to again record the largest gain among Tel Aviv 25 shares.

Israel Chemicals Ltd. (TASE: ICL) fell 1%, amid reports of labor troubles.

Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 1.8% for the biggest loss among Tel Aviv 25 shares, but Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 1.2% and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 0.4%.

Elsewhere in the market, Babylon Ltd. (TASE:BBYL) rose another 8.9%, and IDB Holding Corp. Ltd. (TASE:IDBH) fell 9.8%.

Published by Globes [online], Israel business news - www.globes-online.com - on November 5, 2013

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

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