The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.31% to 1,056.87 points, the Tel Aviv 100 Index fell 0.32% to 973.48 points, and the BlueTech 50 Index fell 0.10% to 323.69 points. Turnover was NIS 905.1 million.
After gains in morning trading, the TASE ended the session with losses across the board, despite gains on European markets and at the opening on Wall Street.
In the bond market, long-term Shahar unlinked government bonds and long-term Galil CPI-linked bonds both rose by to 0.1%. The corporate bond benchmark Tel-Bond 20 Index rose 0.1%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.876/$, up 0.52% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.857/€, up 0.16%.
In the stock market, Delek Group Ltd. (TASE: DLEKG) fell 4.6%, for the biggest loss among Tel Aviv 25 shares, as part of general weakness in the gas and oil exploration sector.
Telcos continued to bounce back for the second straight day, after their sharp slump. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 4.6%, for the biggest gain among Tel Aviv 25 shares, on the day's biggest turnover of NIS 89 million. Deutsche Bank gave a favorable review of the share. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 1% and Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 0.7%.
Mizrahi Tefahot Bank (TASE:MZTF) rose 1%, after publishing its financials.
Elsewhere in the market, Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) fell 9% on reports that Bank Hapoalim (TASE: POLI) and Bank Leumi (TASE: LUMI) plan to covert the company's capital notes they hold into equity.
IDB Holding Corp. Ltd. (TASE:IDBH) bonds fell by up to 15.1%
Published by Globes [online], Israel business news - www.globes-online.com - on May 29, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012 .