Sun: Perrigo down sharply as TASE decline continues

Perrigo and Teva led the declines today as Isramco and Big bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.30% to 1,591.71 points; the Tel Aviv 125 Index fell 0.22% to 1,440.86 points; and the BlueTech Global Index fell 0.80% to 365.45 points. The TelBond 20 corporate bond index fell 0.22% to 342.90 points. Trading turnover was NIS 466.4 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.188% at NIS 3.738/$ on Friday and set the shekel-euro rate up 0.461% at 4.251/€.

On the market, Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 5.23% for the biggest fall on the Tel Aviv 35 Index. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.75%, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.96% and International Flavor and Fragrances Inc. (IFF) (NYSE: IFF; TASE: IFF) (which acquired Frutarom) fell 2%. Bank Leumi (TASE: LUMI) fell 0.38%.

Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) rose 2.41% for the biggest rise on the Tel Aviv 35 Index today. Big Shopping Centers (2004) Ltd. (TASE:BIG) rose 2.35%, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 0.89%, Israel Chemicals (TASE: ICL: NYSE: ICL) rose 1.18% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 0.77%. Bank Hapoalim (TASE: POLI) rose 0.41% on the day's biggest trading turnover.

Published by Globes, Israel business news - en.globes.co.il - on December 9, 2018

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

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