Wed: Ormat, NICE, Perrigo drag market down

Dual listed tech companies led the TASE down today but the banks bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 1.11%, to 1,550.60 points; the Tel Aviv 125 Index fell 1.06%, to 1,614.67 points; and the BlueTech Global Index fell 1.86% to 612.35 points. The TelBond 20 corporate bond index fell 0.15% to 371.74 points. Turnover totaled NIS 1.54 billion in equities and NIS 4.22 billion in bonds.

On the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate down 0.364% from Tuesday, at NIS 3.287/$, and the representative shekel-euro rate was set 0.038% down, at NIS 3.966/€.

On the market, Ormat Technologies Inc. (NYSE: ORA; TASE: ORA fell 4.23% and Perrigo Company (Nasdaq:PRGO; TASE:PRGO) fell 4.01%. NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 2.30% and Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) fell 3.19%. Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 6.11% and LivePerson Inc. (Nasdaq: LPSN); TASE: LPSN) fell 6.19% for the biggest fall on the Tel Aviv 35 Index today. Shufersal Ltd. (TASE:SAE) fell 1.02% despite reporting strong fourth quarter results.

Shikun & Binui Holdings Ltd. (TASE: SKBN) rose 1.87% for the biggest rise on the Tel Aviv 35 Index. Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) rose 0.69% and Maytronics Ltd. (TASE:MTRN) rose 1.17%. Israel Discount Bank (TASE: DSCT) rose 0.95%, Mizrahi Tefahot Bank (TASE:MZTF) rose 0.62% and Bank Leumi (TASE: LUMI) rose 0.71% on the day's biggest trading turnover.

Published by Globes, Israel business news - - on March 3, 2021

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