Mon: Israel Chemicals investors undeterred by Sheshinski

The market rose slightly today, with Israel Chemicals among the strongest advancers, alongside Teva and Perrigo.

The Tel Aviv Stock exchange rose today. The Tel Aviv 25 Index rose 0.12%, to 1,435.19 points; the Tel Aviv 100 Index rose 0.08%, to 1,280.27 points; and the BlueTech Index rose 0.15%, to 300.02 points. The TelBond 20 corporate bond index fell 0.20%, to 325.95 points. Turnover totaled NIS 1.79 billion.

In the foreign exchange market, the Bank of Israel set the representative rate 0.97% higher, at NIS 3.7460/$. Since the low of NIS 3.4/$ recorded in July, the rate has risen by 10%. The representative shekel-euro rate also rose today, by 0.86%, to NIS 4.7841.

Teva was today's most heavily traded stock, rising 2.21%. Next came Israel Chemicals, which rose 1.88%; investors do not seem to be concerned at Sheshinski 2 Committee report which recommends raising the government take from Israel Chemicals' profits. They may have taken heart from the fact that the committee's final recommendations are more moderate than the interim recommendations published earlier this year.

Still in today's top five, Bezeq fell 0.52%, Perrigo rose 1.41%, and Bank Hapoalim fell 0.89%. Teva, Israel and Perrigo were also among today's top advancers, while Protalix was notable among the decliners, falling 3.3%.

Published by Globes [online], Israel business news - - on October 20, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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