The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.90% to 1,062.78 points, the Tel Aviv 100 Index fell 0.73% to 954.16 points, but the BlueTech 50 Index rose 0.68% to 245.47 points. Turnover was NIS 1.43 billion.
The Tel Aviv 25 Index fell 6.1% in a particularly volatile week that included a 9% drop over three consecutive days.
Israeli and global investors today listened to remarks by European Central Bank President Jean-Claude Trichet, who kept the ECB interest rate unchanged at 1.5%. They are waiting to hear US President Barack Obama unveil his $300 billion jobs program and whether Federal Reserve Board Chairman Ben S. Bernanke will announce new stimulus measures.
Meanwhile, Governor of the Bank of Israel Prof. Stanley Fischer said that he does not expect a global recession - at least for now.
In the foreign currency market, the shekel-dollar representative exchange rate rose 0.22% to NIS 3.681/$, and the shekel-euro representative exchange rate rose 0.17% to NIS 5.172/€.
In the bond market, long-term Shahar unlinked government bonds rose by up to 0.2%, and long-term Galil CPI-linked bonds ranged between losses of 0.1% and gains of 0.1%. The corporate bond benchmark Tel-Bond 20 Index fell 0.64%.
In the stock market, real estate company Gazit-Globe Ltd. (TASE: GLOB) fell 5.4% for the biggest loss among Tel Aviv 25 shares, without making any announcement.
Israel Corporation (TASE: ILCO) and Israel Chemicals Ltd. (TASE: ICL) broke their severe losing streak, rising 0.9% and 0.7%, respectively. Israel Chemicals had the day's biggest turnover, at NIS 144 million.
Delek Drilling LP (TASE: DEDR.L) rose 1.6% for the biggest gain among Tel Aviv 25 shares, and Avner Oil and Gas LP (TASE: AVNR.L) rose 0.1%, but their parent company, Delek Group Ltd. (TASE: DLEKG), fell 2.3%.
Banks continued to fall, and the Banking Index has lost 30% since the beginning of the year. Bank Hapoalim (TASE: POLI) fell 1.5%, Bank Leumi (TASE: LUMI) fell 0.6%, Israel Discount Bank (TASE: DSCT) fell 1.2%, and Mizrahi Tefahot Bank (TASE:MZTF) fell 1.4%.
No comments:
Post a Comment