Tue: Teva slumps as TASE sags

Teva fell sharply today as Mizrahi Tefahot and Azrieli bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.86% to 1,570.23 points; the Tel Aviv 125 Index fell 0.86% to 1,432.15 points; and the BlueTech Global Index fell 1.06% to 377.44 points. The TelBond 20 corporate bond index fell 1.06% to 351.44 points. Trading turnover was NIS 867.1 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate down 0.166% at NIS 3.619/$ from Monday's rate and set the shekel-euro rate down 0.246% at 4.099/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 4.93% for the biggest fall on the Tel Aviv 35 Index on the day's biggest trading turnover. Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 2.76% and Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 1.04%. Israel Chemicals (TASE: ICL: NYSE: ICL) fell 1.37%, and Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 0.33%.

Mizrahi Tefahot Bank (TASE:MZTF) rose 0.48% for the biggest rise on the Tel Aviv 35 Index. Strauss Group Ltd. (TASE:STRS) rose 0.38% and Azrieli Group Ltd. (TASE: AZRG) rose 0.20%.

Published by Globes, Israel business news - en.globes.co.il - on March 5, 2019

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

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