Tue: Teva drags market down

Teva gave up some of its recent gains but Perrigo keeps rising.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.62% to 1,678.82 points, the Tel Aviv 100 Index fell 0.65% to 1,473.91 points, and the BlueTech 50 Index fell 0.52% to 381.81 points. Turnover was NIS 1.63 billion.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.984/$, down 0.747% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.212/€, down 0.336%.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index fell 0.02%.

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.96%, giving up some of its recent gains but Perrigo Company (NYSE:PRGO; TASE:PRGO) continued its strong winning streak, rising 0.21%.

Most Tel Aviv 25 Index shares fell today with Osem Investments Ltd. (controlled by Nestle SA (SWX:NESN)) (TASE: OSEM) falling 2.96% to record the biggest fall on the blue chip index. Bank Leumi (TASE: LUMI) fell 2.36%, Israel Discount Bank (TASE: DSCT) fell 1.24% but Bank Hapoalim (TASE: POLI) was unchanged. NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 1.31%.

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 2.01% for the largest rise on the Tel Aviv 25 Index.

Published by Globes [online], Israel business news - www.globes-online.com - on April 14, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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