Wed: Tower leads market lower

Tower, Teva and the banks led the TASE down today as NICE and Ormat bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.48%, to 2,058.53 points; the Tel Aviv 125 Index fell 0.25% to 2,064.21 points; but the BlueTech Global Index rose 0.73% to 424.75 points. The All Bond corporate bond index rose 0.13% to 381.99 points. Turnover totaled NIS 2.20 billion in equities and NIS 3.12 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate up 0.028% from Tuesday, at NIS 3.627/$, and the representative shekel-euro rate was set 0.112% lower at NIS 3.964/€.

Bank Hapoalim (TASE: POLI) led the market today, falling 0.56% on the day’s biggest trading turnover. Bank Leumi (TASE:LUMI) fell 0.56%, Mizrahi Tefahot Bank fell 0.56% and Israel Discount Bank (TASE: DSCT) fell 0.49%.

Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) fell 2.14% for the biggest fall on the Tel Aviv 35 Index after publishing its second quarter results. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.07% and Nova Ltd. (Nasdaq:NVMI; TASE:NVMI) fell 1.91%.

Shapir Industries and Engineering (TASE: SPEN) rose 1.76% for the biggest rise on the Tel Aviv 35 Index. Enlight Renewable Energy rose 1.43%, NICE Systems Ltd. (Nasdaq: NICE; TASE:NICE) rose 0.68% and Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) rose 1.49%.

Published by Globes, Israel business news - en.globes.co.il - on July 24, 2024.

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

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