Wed: Teva tumbles yet again

Teva and Delek dragged the market down today while Paz led the gains.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 1.11% to 1,574.62 points; the Tel Aviv 125 Index fell 0.99% to 1,473.63 points; and the BlueTech Global Index fell 0.94% to 370.56 points. The TelBond 20 corporate bond index fell 0.06% to 365.10 points. Trading turnover was NIS 1.01 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.028% today at NIS 3.541/$ from Tuesday, and set the shekel-euro rate down 0.060% at 4.009/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell another 6.29% for the biggest fall on the Tel Aviv 35 index today. Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 2.28% and Delek Group Ltd. (TASE: DLEKG) fell 5.69%. Bank Leumi (TASE: LUMI) fell 0.79% on the day's biggest trading turnover and Israel Discount Bank (TASE: DSCT) fell 1.28%.

Paz Oil Company Ltd. (TASE:PZOL) rose 1.14% for the biggest rise on the Tel Aviv 35 Index today. Mizrahi Tefahot Bank (TASE:MZTF) rose 1.03% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 0.83%.

Outside the Tel Aviv 35 Index, Freshmarket Ltd. (TASE: FRSM) rose 5.34% after acquiring the four supermarkets of Super Dosh in Bat Yam for NIS 138 million.

Published by Globes, Israel business news - en.globes.co.il - on July 17, 2019

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

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