Mon: Trade war escalation drags TASE down

Israel Chemicals and Tower both fell but Melisron and Azrieli bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.70% to 1,561.42 points; the Tel Aviv 125 Index fell 0.68% to 1,443.81 points; and the BlueTech Global Index fell 0.72% to 365.17 points. The TelBond 20 corporate bond index fell 0.11% to 357.08 points. Trading turnover was NIS 1.05 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.056% today at NIS 3.573/$ from Friday, and set the shekel-euro rate down 0.213% at 3.987/€.

On the market, Israel Chemicals (TASE: ICL: NYSE: ICL) fell 2.05% and parent company Israel Corporation (TASE: ILCO) fell 2.93%. LivePerson Inc. (Nasdaq: LPSN); TASE: LPSN) fell 3.97% for the biggest fall on the Tel Aviv 35 Index and Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) fell 2.55%. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.09%, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 2.72%, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.34% and Bank Leumi (TASE: LUMI) fell 1.49%.

Melisron Ltd. (TASE: MLSR) rose 3.42% for the biggest rise on the Tel Aviv 35 Index today and Azrieli Group Ltd. (TASE: AZRG) rose 1.19%. Strauss Group Ltd. (TASE:STRS) rose 2.02% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.34%.

Published by Globes, Israel business news - en.globes.co.il - on May 20, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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