The Tel Aviv Stock Exchange continued to skid today on yesterday's sharp Nasdaq losses and a suicide bombing last night in Herzliya that killed a fifteen year old girl. In addition, the Rabinovitch Committee published its tax reform recommendations this morning.
The Maof-25 blue chip index ended trade down 0.3% to 372.3 points, and the TA-100 dropped 0.3% to 362.1 points. Technology shares closed off 0.1% to 217.9 points. Turnover was a meager NIS 106 million.
Shekel instruments saw relatively calm trade as short term debt certificate yields dropped to 8.6% after yesterday visiting the 9.3% mark.
Teva (Nasdaq: TEVA) is lost 1% on the highest turnover on the floor ¿ NIS 26.4 million ¿ after opening on a negative 1% arbitrage gap and managing to go as low as a 2% drop before a late-day recovery.
The two major banks had a mixed bag with Bank Hapoalim down 0.1% and Bank Leumi gaining 1% on the day.
Discount Investments closed down 1.8% on an announcement from BellSouth, the U.S.'s third largest local telephony company, that it plans to sell its European holdings, including its 35% stake in Cellcom.
IDB Holdings dropped 1.8% and IDB Development said goodbye to 1.3%. Clal Industries parted ways with another 2.4% after yesterday¿s announcement of a new strategic plan.
Koor skid 2% southwards.
Dual listed shares saw mostly red territory with Retalix (Nasdaq: RTLX) off 0.4%, Formula (Nasdaq: FORTY) retreating 0.8% and Partner (Nasdaq: PTNR) moving down 0.2%. In contrast, Nice Systems (Nasdaq: NICE) climbed 1% on a $5 million contract.