Wed: Teva slump resumes, weighing on TASE

Teva and Tower led the market down today but Bezeq bucked the market.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.71% to 1,542.77 points; the Tel Aviv 125 Index fell 0.61% to 1,434.40 points; and the BlueTech Global Index fell 0.85% to 355.00 points. The TelBond 20 corporate bond index rose 0.11% to 361.73 points. Trading turnover was NIS 994.5 million.

On the foreign currency market, the Bank of Israel set the shekel-dollar representative rate up 0.028% today at NIS 3.582/$ from Tuesday, and set the shekel-euro rate up 0.081% at 4.055/€.

On the market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 8.24% on reports that many traders are selling it short and Opko Health Inc. (NYSE: OPK; TASE: OPK) fell 3.81%. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) fell 3.74%, Bank Leumi (TASE: LUMI) fell 1.37%, Mizrahi Tefahot Bank (TASE:MZTF) fell 1.54% and Bank Hapoalim (TASE: POLI) fell 0.74%.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 4.06% for the biggest rise on the Tel Aviv 35 Index today. Delek Drilling LP (TASE: DEDR.L) rose 2.18%, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 0.34% and Israel Discount Bank (TASE: DSCT) rose 0.36% on the day's biggest trading turnover.

Published by Globes, Israel business news - en.globes.co.il - on June 12, 2019

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

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