Thu: Teva continues to slide

The Tel Aviv 25 Index fell 1.3% this week, with Teva leading the decline today as its woes mount over the Rimsa acquisition. The TASE will be closed until October 5.

The Tel Aviv Stock Exchange fell today. The Tel Aviv 25 Index fell 0.55%, to 1,442.93 points; the Tel Aviv 100 Index fell 0.66%, to 1,261.79 points; and the BlueTech Index 0.84%, to 354 points. The TelBond 20 corporate bond index rose 0.04%, to 320.03 points. Turnover totaled NIS 1.94 billion.

The Tel Aviv 25 index fell 1.3% over the past week. The index is down 5.6% for the year to date.

On the foreign exchange market, the representative shekel-dollar rate was set 0.08% lower, at NIS 3.7550/$, and the representative shekel-euro rate was set 0.06% higher, at NIS 4.2144/€.

Teva, which has lost investors' favor over its investment in Mexican company Rimsa, led trading today and fell 2.49%. Bank Hapoalim fell 0.51%, Perrigo rose 0.44%, Leumi closed flat, and Bezeq fell 0.16%.

Spacecom was the day's most notable rose, closing up 9.16%. Frutarom rose 1.49%. Mylan fell 4.55%, and Gilat fell 4.02%.

The Tel Aviv Stock Exchange will reopen on Wednesday, October 5, after the Jewish New Year holiday.

Published by Globes [online], Israel business news - www.globes-online.com - on September 29, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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