News Column

Wed: Perrigo, Teva push market down

August 7, 2014

By Aviv Levy, Globes, Tel Aviv, Israel

Aug. 07--The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.50% to 1,388.88 points, the Tel Aviv 100 Index fell 0.75% to 1,238.41 points, and the BlueTech 50 Index fell 0.45% to 303.73 points. Turnover was NIS 1.120 billion.

The TASE fell in line with falls on European markets and on the opening on Wall Street.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.427/$, up 0.234% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.573/euro, down 0.327%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds fell. The corporate bond benchmark Tel-Bond 20 Index fell 0.23%.

In the stock market, Perrigo Company (NYSE:PRGO; TASE:PRGO) fell 5.04% for the largest decline on the Tel Aviv 25 Index, and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.18% on the day's largest trading turnover. Also among the decliners was Delek Group Ltd. (TASE: DLEKG), which fell 1.17%.

On the other Hand, Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 2.54% for the largest rise on the Tel Aviv 25 Index. Israel Chemicals Ltd. (TASE: ICL) rose 1.21% and parent company Israel Corporation (TASE: ILCO) rose 2.09%.

Israel Discount Bank (TASE: DSCT) fell 0.72% to end its good run while Bank Leumi (TASE: LUMI) fell 0.07% but Bank Hapoalim (TASE: POLI) rose 0.10%.


(c)2014 the Globes (Tel Aviv, Israel)

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Source: Globes (Tel Aviv)

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