Wed: Tower leads TASE down

Tower and Teva sustained strong losses today as NICE and Delek bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.68%, to 1,929.64 points; the Tel Aviv 125 Index fell 0.59% to 1,964.19 points; but the BlueTech Global Index rose 0.11% to 409.92 points. The All Bond corporate bond index fell 0.03% to 378.60 points. Turnover totaled NIS 1.82 billion in equities and NIS 7.65 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 1.096% from Monday, before the holiday for the municipal elections, at NIS 3.609/$, and the representative shekel-euro rate was set 1.45% lower at NIS 3.90/€.

On the market, Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) fell 4.19% for the biggest fall on the Tel Aviv 35 Index today. Elbit Systems Ltd. (Nasdaq: ESLT; TASE:ESLT) fell 0.73% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 3.33%. Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ fell 0.92% and Israel Phoenix Assurance Ltd. (TASE:PHOE1; PHOE5) fell 2.39%.

Israel Corp. (TASE: ILCO) rose 1.53% for the biggest rise on the Tel Aviv 35 Index today. First International Bank of Israel (TASE:FTIN1; FTIN5) rose 1.72% and NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 1.05%. Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) rose 1.33% and Delek Group Ltd. (TASE:DLEKG) rose 1.16%.

Outside of the Tel Aviv 35 Index, Isrotel (TASE: ISRO) rose 9.14% after the UK's Lewis family sold shares to four Israel institutional investors for NIs 180 million - the first time the family has ever sold shares in the company founded in 1980.

Published by Globes, Israel business news - en.globes.co.il - on February 28, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

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