Tel Aviv stocks traded largely down on Wednesday. Shares opened with 1% loss, but later rallied with blue chips gaining 1.5% at mid-day. But after the Nasdaq opened down 1%, trading sentiment on the Tel Aviv Stock Exchange changed.
The Maof-25 index of blue chips closed up 0.3% to 377.29 points, the TA-100 index finished up 0.28% to 371.59 points, and technology shares lost 0.5%. Total turnover was low at NIS 158 million.
The two leading banks attracted a lively turnover. Bank Hapoalim shed 0.2% on a turnover of NIS 40.2, which was the session's largest. Leumi closed unchanged on a turnover of NIS 17 million, and Mizrahi Bank rose 0.2%.
Elbit (Nasdaq:ELBTF) fell 5.15% on a huge turnover of NIS 16.3 million, which was probably due to today having been its ex-dividend day.
Koor Industries (NYSE:KOR) lost 1.5%, and its subsidiary Makhteshim Agan closed down 1.8%.
Nice Systems (Nasdaq:NICE) finished up 2.2%, after having lost more than 5% at the opening.
But Teva Pharmaceuticals (Nasdaq:TEVA) rose 0.2%, and phone company Bezeq gained 2.7%, after having shed 0.8% earlier in the session. Israel Chemicals closed up 1%.
Shares in the IDB group closed mixed. IDB Holdings rose 0.1%, IDB Development gained 0.7%, and Discount Investments climbed 1.4%. Elron Electronic Industries (Nasdaq:ELRN), which is controlled by Discount Investments, jumped 0.6%.