The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 2.71% to 1,189.53 points, the Tel Aviv 100 Index fell 2.26% to 1,085.88 points, and the BlueTech 50 Index fell 0.60% to 261.74 points. Turnover was NIS 1.81 billion.
The TASE fell hard across the board today, after two days of gains, with most of the plunge occurring in the last hour of trading, on global concerns that aid package for Greece will be rejected, together with the publication of disappointing macroeconomic figures in the US.
The Central Bureau of Statistics will publish the Consumer Price Index (CPI) for May after the markets close today. Market sources believe that the CPI will rise by up to 0.5% for the month.
In the bond market, long-term Shahar unlinked government were unchanged, and long-term Galil CPI-linked bonds ranged between losses of 0.2% and gains of 0.1%. The corporate bond benchmark Tel-Bond 20 Index fell 0.19%.
In the foreign currency market, the shekel-dollar representative exchange rate rose 0.68% to NIS 3.418/$, but the shekel-euro representative exchange rate fell 0.17% to NIS 4.892/€.
In the stock market, several shares that rose strongly earlier this week, corrected sharply downward today. Tamar partners Delek Group Ltd. (TASE: DLEKG) fell 5.1% and Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) fell 6.2%, the largest loss among Tel Aviv 25 shares. Delek units Avner Oil and Gas LP (TASE: AVNR.L) fell 5.3% and Delek Drilling LP (TASE: DEDR.L) fell 5.1%.
Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) was the only Tel Aviv 25 share to buck the market, with a gain of 0.2%.
Israel Discount Bank (TASE: DSCT) fell 5.6% after rising 8.2% in the two preceding sessions. Bank Hapoalim (TASE: POLI) fell 4.2% on the day's largest turnover of NIS 103 million. Bank Leumi (TASE: LUMI) fell 3.8%.
Among technology shares, Fundtech Ltd. (Nasdaq: FNDT; TASE: FNDT) jumped 16.4%, after its controlling shareholder, IDB Holding Corp. Ltd. (TASE:IDBH) holding company Clal Industries and Investments Ltd. (TASE: CII) confirmed yesterday's report by "Globes" that it was in initial talks to sell the company.
Camtek Ltd. (Nasdaq: CAMT; TASE:CAMT) also bucked the market, with a 7.2% gain after rising 11.4% on a larger than usual trading volume on Wall Street, despite no announcement by the company. Camtek has fallen 35% since the beginning of April.
In real estate, Delek Real Estate Ltd. (TASE: DLKR) was unchanged and Electra Real Estate Ltd. (TASE:ELCRE) rose 0.1%, after the Royal Bank of Scotland foreclosed on the ₤1 billion Marriott hotel portfolio in the UK, in which the two companies are partners.
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