Wed: Turbulence continues as TASE tips downward

The big banks and Teva all posted steep declines.

Trading continued to be turbulent as the Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 3.42%, to 1,284.15 points; the Tel Aviv 125 Index fell 3.14%, to 1,236.83 points; and the BlueTech Global Index fell 2.13%, to 327.10 points. The TelBond 20 corporate bond index fell 0.45%, to 341.44 points. Turnover totaled NIS 1.80 billion in equities, and NIS 4.56 billion in bonds.

On the foreign exchange market, the representative shekel-dollar rate was set 0.25% lower, at NIS 3.5560/$, and the representative shekel-euro rate was set 0.27% lower, at NIS 3.8899/€.

Bank Leumi led trading today, and fell 2.96%. Bank Hapoalim fell 5.87%; Nice Systems fell 1.38%; Teva fell 5.0%; and Elbit Systems fell 3.63%.

There were especially steep declines today for Nawi, down 16.43%; Fattal, down 10.51%; and Clal Insurance, down 8.75%.

Published by Globes, Israel business news - - on April 1, 2020

© Copyright of Globes Publisher Itonut (1983) Ltd. 2020

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