Sun: Teva leads strong market gains

Teva and Perrigo led the market higher today as the big banks also rose strongly.

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 2.31% to 1,484.81 points; the Tel Aviv 125 Index rose 2.03% to 1,346.94 points; and the BlueTech Global Index rose 2.21% to 342.17 points. The TelBond 20 corporate bond index rose 0.04% to 341.15 points. Trading turnover was NIS 540.4 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.588% at NIS 3.720/$ on Friday and set the shekel-euro rate down 0.174% at 4.242/€.

On the market, Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 7.76% for the biggest rise on the Tel Aviv 35 Index. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 5.22% and Perrigo Company (NYSE:PRGO; TASE:PRGO) rose 4.90%. Israel Chemicals (TASE: ICL: NYSE: ICL) rose 2.91% on the day's biggest trading turnover and parent company Israel Corporation (TASE: ILCO) rose 3.56%. NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 2.72% and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 2.68%.

Mizrahi Tefahot Bank (TASE:MZTF) rose 2.59%, Bank Leumi (TASE: LUMI) rose 2.31%, Bank Hapoalim (TASE: POLI) rose 1.43% and Israel Discount Bank (TASE: DSCT) rose 1.48%.

Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 0.81% for the biggest fall on the Tel Aviv 35 Index today.

Published by Globes, Israel business news - en.globes.co.il - on January 6, 2019

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

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