Tue: Strauss fails to lift flat market

Strauss recorded the biggest gain on the Tel Aviv 25 Index, while Bezeq slipped on the day's biggest turnover.

The Tel Aviv Stock Exchange (TASE) was flat today. The Tel Aviv 25 Index dipped 0.07% to 1,206.87 points, but the Tel Aviv 100 Index edged up 0.07% to 1,088.69 points, and the BlueTech 50 Index rose 0.35% to 306.25 points. Turnover was NIS 858.5 million.

The TASE was flat today, despite gains 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 3.65/$, down 0.30% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.697/€, down 0.15%.

In the bond market, long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose. The corporate bond benchmark Tel-Bond 20 Index rose 0.09%.

In the stock market, Israel Corporation (TASE: ILCO) fell 1.7% and its subsidiaries Oil Refineries Ltd. (TASE:ORL) and Israel Chemicals Ltd. (TASE: ICL) fell 2.1% and 1.7%, respectively, for the biggest losses among Tel Aviv 25 shares.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 0.4% on the day's biggest turnover of NIS 81.7 million.

Strauss Group Ltd. (TASE:STRS) rose 2.2% for the biggest gain among Tel Aviv 25 shares, and its food peer on the index, Osem Investments Ltd. (TASE: OSEM), rose 0.5%.

Tel Aviv 100 listed Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 0.6%, after announcing the expansion of its collaboration with Britain's Nujira Ltd.

Published by Globes [online], Israel business news - www.globes-online.com - on July 9, 2013

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

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