Sun: TASE slumps as Teva plunges

Teva and the banks fell steeply today as Delek bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 2.86%, to 1,881.19 points; the Tel Aviv 125 Index fell 2.63%, to 1,968.80 points; and the BlueTech Global Index fell 2.87% to 431.93 points. The All Bond corporate bond index fell 0.50% to 376.49 points. Turnover totaled NIS 1.62 billion in equities and NIS 2.77 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 1.877% on Friday, at NIS 3.419/$, and the representative shekel-euro rate was set 1.551% higher at NIS 3.588/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 9.28% and LivePerson (Nasdaq: LPSN; TASE: LPSN) fell 14.89% for the biggest fall on the Tel Aviv 35 Index today. Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 6.92% and Azrieli Group (TASE: AZRG) fell 3.73%.

Bank Leumi (TASE:LUMI) fell 1.67%, on the day's biggest trading turnover. Bank Hapoalim (TASE: POLI) fell 1.59%, Israel Discount Bank (TASE: DSCT) fell 1.68%, and Mizrahi Tefahot Bank (TASE:MZTF) fell 4.08%.

Kenon Holdings (NYSE: KEN; TASE: KEN) rose 1.61% for the biggest rise on the Tel Aviv 35 Index. Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) rose 0.79% and Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) rose 1.57%.

Outside of the Tel Aviv 35 Index, Delek Group Ltd. (TASE:DLEKG) rose 2.41% and Energean plc (LSE: ENOG; TASE: ENOG) rose 6.26%.

Published by Globes, Israel business news - en.globes.co.il - on May 8, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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