Thu: Telcos weak

The main indices fell today, with sharp falls in the telecommunications sector, but nevertheless posted another positive week.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.53%, to 1,569.92 points; the Tel Aviv 125 Index also fell 0.53%, to 1,428.72 points; and the BlueTech Global Index fell 0.57%, to 377.99 points. The TelBond 20 corporate bond index fell 0.07%, to 349.51 points. Turnover totaled NIS 1.81 billion in equities and NIS 4.62 billion in bonds.

For the week, the Tel Aviv 35 Index rose 0.9%. The index is up 7.2% for the year to date.

On the foreign exchange market, the representative shekel-dollar rate was flat, at NIS 3.6170/$, and the representative shekel-euro rate was set 0.07% higher, at NIS 4.1057/€.

Bank Leumi led trading today, and fell 0.50%. Bank Hapoalim rose 0.12%; Israel Chemicals rose 0.15%; Discount Bank fell 0.76%; and Nice Systems fell 0.10%. The telecommunications sector was particularly weak today: B Communications fell 4.32%; Partner fell 3.63%; and Cellcom fell 3.51%.

Published by Globes, Israel business news - en.globes.co.il - on February 21, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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