Thu: Vigodman appointment further boosts Teva

On a generally weak day, Teva rose on the naming of its new CEO. Bezeq was the biggest blue chip decliner, while the slide in IDB continues.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.22% to 1,324.17 points, the Tel Aviv 100 Index fell 0.14% to 1,218.16 points, and the BlueTech 50 Index fell 0.43% to 350.08 points. Turnover was NIS 1.4 billion.

The TASE fell today, in line with losses in European markets.

In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index rose 0.05%.

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.4%, on the day's biggest turnover of NIS 81.6 million, after announcing the appointment of Erez Vigodman as CEO.

Delek Group Ltd. (TASE: DLEKG) and Israel Chemicals Ltd. (TASE: ICL) rose 1.1% and 1.3%, respectively, for the biggest rises among Tel Aviv 25 shares.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.9%, for the biggest loss among Tel Aviv 25 shares. Barclays Capital reiterated its "Outperform" recommendation for the share, saying that it is a winning share for the long term. Mobile carrier Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 1.1% and its peer, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR), was unchanged.

Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) fell 1.1%, after a general strike was declared at the company.

Elsewhere in the market, IDB Holding Corp. Ltd. (TASE:IDBH) fell another 12%.

Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) rose 4.3%, after announcing $20 million in orders.

Published by Globes [online], Israel business news - www.globes-online.com - on January 9, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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