IsraelStrategist.com – The Resource on Israel's Economy, Companies & Markets


 
Hebrew French Spanish Portuguese

Globes: The courtship of Check Point and Radware

Published on Oct 29 2012 // Business and Financial News, Market

29 October 12 18:05–The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.73% to 1,199.61 points, the Tel Aviv 100 Index fell 0.80% to 1,063.49 points, and the BlueTech 50 Index fell 0.76 % to 321.75 points. Turnover was NIS 626.6 million.

The TASE fell across the board today, in line with losses on European markets. Wall Street is closed today because of Hurricane Sandy.

In the bond market, long-term Shahar unlinked shekel government bonds rose by up to 0.1%, but long-term Galil CPI-linked government bonds fell by up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index fell 0.09%.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.889/$, up 0.39% on yesterday’s rate, and set the shekel-euro representative exchange rate at NIS 5.016/€, up 0.12%.

In the stock market, Israel Chemicals Ltd. (TASE: ICL) fell 1.1% on the day’s biggest turnover of NIS 46 million.

Banks continued to slide, with Bank Hapoalim (TASE: POLI) down 2.6% for the biggest loss among Tel Aviv 25 shares, and Bank Leumi (TASE: LUMI) down 1.7%.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) and Gazit-Globe Ltd. (NYSE: GZT; TASE: GLOB) bucked the market, up 2.2% and 1.6%, for the biggest gains among Tel Aviv 25 shares.

NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 0.9%, ahead of the publication of its third quarter financials on Wednesday. RBC Capital Markets today predicted that the company will easily meet expectations for the quarter, but that there is uncertainty about it ability to meet expectations for the fourth quarter…Read More>>

Leave a comment

You must be Logged in to post comment.