After slipping 0.5% then rising that much early this session, the Maof-25 closed down a sharp 2.8% following the attack on the IDF base in Beer Sheva in which two people were killed. The TA-100 lost 3% and the Tel Tech slid 2% on NIS 276 million turnover.
Players attributed the slump to the absence of a market entity that could lead the market upwards.
Teva Pharmaceuticals (Nasdaq:TEVA) shed 2.9% on NIS 43 million turnover, having opened with a negative gap. The share is apparently responding negatively to the bid for German drug company Bayer's generic production and marketing activity in France for about ¿200 million.
Discount Investment Corporation dropped 5% on NIS 9 million turnover. Tel Aviv Magistrates Court today gave its verdict in the Iscar reports affair, convicting all the parties indicted of misleading the public by filing false financial reports.
Nice Systems (Nasdaq:NICE) lost day-long climbs on to its positive Q4 and annual results and the resulting positive ratings and finally gave up 0.14% on NIS 5.6 million turnover.
Koor Industries (Nasdaq:KOR) slipped 2%, in spite of the sharp 17% rise posted by ECI Telecom on the Nasdaq Friday.
Electra Israel lost 3% in spite of a of a Buy rating received today from Bank Hapoalim, which set its target price at NIS 400, 19% higher than its market price. The bank wrote its high yield in the last few years was well grounded, in light of the company's significant growth. The bank also points at the fact Electra has grown consistently in the last ten years, against a background of real estate slowdown and a recession, because of its leadership position in its industry.