Thu: Gripped by virus, feverish TASE plunges

Perrigo, Teva and Delek led the slump as the Tel Aviv 35 Index lost 7.1% on the week.

The main indices on the Tel Aviv Stock Exchange fell sharply today as coronavirus fever gripped world markets. The Tel Aviv 35 Index fell 4.54% to 1,601.81 points, the Tel Aviv 125 Index fell 4.14% to 1,542.55 points and the BlueTech Global Index fell 4.74% to 387.62 points. The TelBond 20 corporate bond index fell 0.29% to 367.12 points. Turnover totaled NIS 3.36 billion in equities and NIS 4.59 billion in bonds.

The Tel Aviv 35 Index is down 7.1% on the week and down 4.8% since the start of the year.

On the foreign exchange market today, the Bank of Israel set the representative shekel-dollar rate down0.232% from Wednesday at NIS 3.434/$, and the representative shekel-euro rate was set up 0.478% at NIS 3.759/€.

On the market, Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 17.37% for the biggest fall on the Tel Aviv 35 Index today. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 5.99% and Delek Group Ltd. (TASE: DLEKG) fell 7.87%. NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 4.21%, LivePerson Inc. (Nasdaq: LPSN); TASE: LPSN) fell 8.59%,Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 3.18% and Azrieli Group Ltd. (TASE: AZRG) fell 5.12%.

Bank Hapoalim (TASE: POLI) fell 2.95% on the day's biggest trading turnover, Bank Leumi (TASE: LUMI) fell 2.75%, Israel Discount Bank (TASE: DSCT) fell 4.20% and Mizrahi Tefahot Bank (TASE:MZTF) fell 2.24%.

Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 2.58% for the biggest rise on the Tel Aviv 35 Index and Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) rose 0.37% after yesterday's big fall.

Published by Globes, Israel business news - en.globes.co.il - on February 27, 2020

© Copyright of Globes Publisher Itonut (1983) Ltd. 2020

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