Wed: TASE slips again

Israel Corp. and Israel Chemicals led the declines despite strong financials while Tower bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.56% to 1,553.64 points; the Tel Aviv 125 Index fell 0.52% to 1,414.91 points; and the BlueTech Global Index was unchanged at 378.31 points. The TelBond 20 corporate bond index rose 0.03% to 347.46 points. Trading turnover was NIS 1.10 billion.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.249% at NIS 3.619/$ from Tuesday's rate and set the shekel-euro rate down 0.087% at 4.121/€.

On the market, Israel Chemicals (TASE: ICL: NYSE: ICL) fell 2.46% on the day's biggest trading turnover, despite reporting strong financial results for 2018, and parent company Israel Corporation (TASE: ILCO) fell 3.19% for the biggest fall on the Tel Aviv 35 index. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.41% and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.91%. First International Bank of Israel (TASE: FTIN) fell 1.14%, Bank Leumi (TASE: LUMI) fell 0.80% and Israel Discount Bank (TASE: DSCT) fell 0.84%.

Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) rose 4.17% for the biggest rise on the Tel Aviv 35 Index and Paz Oil Company Ltd. (TASE:PZOL) fell 0.97%.

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

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

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