Sharp declines opened the week on the Tel Aviv Stock Exchange. The Tel-Aviv 100 index closed down 3.13% at 386.13 points. The Maof index closed down 3.37% at 395.97 points.
In the past few days, the Tel Aviv Stock Exchange succinctly demonstrated the well-known expression, "buy according to rumor, sell according to facts". For a long time prior to the elections, the TASE posted sharp rises, explained by Ehud Barak gradually gaining strength in the surveys, and the feeling that he would win the elections. Since Tuesday, when it became certain that he would be the next Israeli Prime Minister, the stock exchange has been "stammering".
Industrial Buildings Sharpest decline
Almost all the blue chips were down today. All the 25 shares in the Maof category posted downturns, some of them very sharp, which reinforces the claims in the market that the sellers were Maof players. The downturns were led by Industrial Buildings, which fell 5.5% on a turnover of NIS 1.1 million. Bank Leumi’s purchase options plunged 13.6%, on a particularly high turnover of NIS 26.6 million.
The sharpest declines in Maof shares were posted in IDB Holdings and Osem (-4% each), Discount Investments (-4.4%) and ICL (-4.2%).
SuperSol gets "Long-term Buy"
The SuperSol share fell 3% today, on a turnover of NIS 3.2 million. Brokers Nessuah-Zannex published a Long-term Buy recommendation for the share.
Published by Israel's Business Arena May 23, 1999
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Israel business stocks shares TASE quotes quotations
Israel business stocks shares TASE quotes quotations
Israel business stocks shares TASE quotes quotations
Israel business stocks shares TASE quotes quotations
Israel business stocks shares TASE quotes quotations
Israel business stocks shares TASE quotes quotations
Israel business stocks shares TASE quotes quotations
Israel business stocks shares TASE quotes quotations
Israel business stocks shares TASE quotes quotations
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