Wed: Teva slumps as TASE rally falters
Teva fell sharply today as banks and NICE Systems held up the market.
The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 index fell 1.23% to 2,033.82 points; the Tel Aviv 125 index fell 1.07% to 2,081.58 points; and the BlueTech Global Index fell 1.65% to 430.77 points. The All Bond corporate bond index fell 0.35% to 376.80 points. Turnover totaled NIS 2.37 billion in stocks and NIS 2.80 billion in bonds.
In the foreign exchange market, the Bank of Israel set the representative shekel-dollar rate at 0.428% today from Tuesday at 3.259 NIS/$, and the representative shekel-euro rate was set 0.090% lower at 3,313 NIS/€.
On the market, Teva Pharmaceutical Industries Ltd. (NYSE: SUITS YOU; TASE: SUITS YOU) fell 9.21% for the largest drop in the Tel Aviv 35 index. Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) fell 2.23% and Elbit Systems Ltd. (Nasdaq: ILEC; TASE:ILEC) fell 2.19%. LCI (TASE: LCI:NYSE: LCI) fell 0.79% and Kenon Holdings (NYSE: KEN; TASE: KEN) fell 4.70%.
NICE-Systems Ltd. (Nasdaq: PLEASANT; TASE:PLEASANT) rose 1.58% for the biggest rise in the Tel Aviv 35 index today, on the biggest turnover of the day. Bank Leumi (TASE:LUMI) increased by 1.08%, and Bank Hapoalim (TASE: POL) increased by 0.65%. Israel Discount Bank (TASE: DSCT) increased by 1.13%, Mizrahi Tefahot Bank increased by 1.29% and First International Bank of Israel (TASE:FTIN1; FTIN5) increased by 1.35%.
Published by Globes, Israel business news – en.globes.co.il – on August 17, 2022.
© Copyright Globes Publisher Itonut (1983) Ltd., 2022.