Thu: Opko Health weighs on TASE

The four leading stocks rose today, but a nosedive by Opko Health in the wake of SEC allegations pushed the main indices into negative territory.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.35%, to 1,627.84 points; the Tel Aviv 125 Index fell 0.20%, to 1,465.79 points; and the BlueTech Global Index fell 0.48%, to 385.18 points. The TelBond 20 corporate bond index rose 0.13%, to 347.93 points. Turnover in equities totaled NIS 1.43 billion; turnover in bonds totaled NIS 3.61 billion.

On the foreign exchange market, the representative shekel-dollar rate was set 0.36% lower, at NIS 3.5750/$, and the representative shekel-euro rate was set 0.05% lower, at NIS 4.1574/€.

Four out of five of the leading stocks today actually rose. Frutarom was the most heavily traded stock, and rose 1.86%; Bank Leumi rose 1.37%; Israel Chemicals rose 0.49%; and Bank Hapoalim rose 2.35%. Discount Bank fell 2.22%.

The market was dragged down by a 34.99% plunge in the share price of Opko Health. Trading in the stock was allowed for only a minute before the close, after steep falls in its price on Nasdaq, following market manipulation charges by the Securities and Exchange Commission against the company and its CEO Phillip Frost.

On the positive side, there were substantial rises for Azorim (3.42%), Cellcom (2.68%), and Liveperson (2.49%).

Published by Globes [online], Israel business news - www.globes-online.com - on September 13, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

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