Mon: Teva down as global virus surge hits markets

Teva, Perrigo and Elbit Systems led the declines today but ICL bucked the market.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 35 Index fell 1.19%, to 1,355.87 points; the Tel Aviv 125 Index fell 1.13%, to 1,395.70 points; and the BlueTech Global Index fell 1.86%, to 496.67 points. The TelBond 20 corporate bond index fell 0.16%, to 356.81 points. Turnover totaled NIS 1.42 billion in equities and NIS 2.53 billion in bonds.

On the foreign exchange market, the Bank of Israel set the shekel 0.089% higher from Friday at NIS 3.381/$, and the representative shekel-euro rate was set 0.010% lower at NIS 3.998/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.98% for the biggest fall on the Tel Aviv 35 Index. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 2.90% on the day's biggest trading turnover after announcing that it is writing off $60 million because of Covid-19. Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 2.87%, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.75% and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.59%.

Bank Leumi (TASE: LUMI) fell 1.43%, Bank Hapoalim (TASE: POLI) fell 1.45%, and Israel Discount Bank (TASE: DSCT) fell 1.19%.

ICL (TASE: ICL: NYSE: ICL) (formerly Israel Chemicals) rose 0.87% after announcing the acquisition of a Brazilian fertilizer company. Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 2.19% and The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) rose 2.32% for the biggest rise on the Tel Aviv 35 Index.

Published by Globes, Israel business news - - on October 26, 2020

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