Mon: Teva fails to lift market

Teva rose strongly on the day's largest turnover, while Opko Health was the biggest loser on the Tel Aviv 25.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.12% to 1,304.15 points, the Tel Aviv 100 Index fell 0.11% to 1,177.94 points, and the BlueTech 50 Index fell 0.26% to 342.65 points. Turnover was NIS 1.06 billion.

The TASE indices fell slightly today, despite a mixed session on European markets and gains at the opening on Wall Street.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.535/$, up 0.06% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.836/€, up 0.07%.

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, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 1.8% for the biggest gain among Tel Aviv 25 shares, on the day's biggest turnover of NIS 67.8 million. Opko Health Inc. (NYSE: OPK; TASE: OPK) fell another 4.7% for the biggest loss on the index.

Israel Chemicals Ltd. (TASE: ICL) fell 0.4%, sister company Oil Refineries Ltd. (TASE:ORL) fell 1%, and their parent company Israel Corporation (TASE: ILCO) fell 0.9%.

On the Tel Aviv 100 Index, Babylon Ltd. (TASE:BBYL) fell another 8.8%, and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) rose 2.1%% on reports of layoffs. Silicom Ltd. (Nasdaq:SILC; TASE:SILC) rose 16.5%, after publishing record revenue and profits for the third quarter.

Published by Globes [online], Israel business news - - on October 21, 2013

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

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