Bethel Finance news:
The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.65% to 1,333.14 points, the Tel Aviv 100 Index fell 0.76% to 1,212.36 points, and the BlueTech 50 Index fell 0.34% to 291.59 points. Turnover was NIS 1.65 billion.
The TASE fell across the board today, with the exception of the Tel Bond indices. Most analysts believe that the TASE will continue rise, albeit slowly, even after reaching a new all-time high, and they therefore do not advise selling shares.
In the bond market, long-term Shahar unlinked government rose by up to 0.2% and long-term Galil CPI-linked rose by up to 0.4%. The corporate bond benchmark Tel-Bond 20 Index rose 0.44%.
In the foreign currency market, the shekel-dollar representative exchange rate rose 0.25% to NIS 3.413/$, and the shekel-euro representative exchange rate rose 0.04% to NIS 4.986/€.
In the stock market, Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) fell 4.7% on the day's largest turnover of NIS 439 million - over a quarter of the day's total turnover - in a delayed reaction to last Thursday's plunge on Nasdaq. Bank Hapoalim said today, "The capital market's reaction was overblown." Psagot Investment House Ltd. said the extreme drop in the share price increased the chances of profits.
Oil Refineries Ltd. (TASE:ORL) rose 0.6%.
Some technology shares continue to favorably stand out. Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) rose 2.7%, EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) rose 2.3%, Magic Software Enterprises Ltd. (Nasdaq: MGIC; TASE: MGIC) rose 5.5% ahead of Friday's publication of its first quarter financials.
Alony Hetz Property and Investments Ltd. (TASE: ALHE) subsidiary Amot Investments Ltd. (TASE:AMOT) rose 0.3% to NIS 10.74. Leader Capital Markets gave the real estate company an "Outperform" recommendation with a target price of NIS 11.50.
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