Trade in Tel Aviv fluctuated Monday, closing with drops of over 0.5% for the leading indices.The Maof-25 closed down 0.8%, while the TA-100 dipped 0.7%. The Tel Tech shed 0.4%. Total turnover was NIS 181 million.
Teva Pharmaceuticals (Nasdaq:TEVA) continued its climb from last week, rising 0.9% on an NIS 47.8 million total turnover, the highest on the floor. The company expressed faith in its own performance in Q4, and is apparently intending to go ahead with its purchase of the American Impax Labs.
A federal court ruling setting the expiry date of the British drug Augmentin for December 2002 instead of 2018, as was requested by its manufacturer GlaxoKlineSmith, also boosted Teva's performance.
Banks shares closed in the red. Bank Leumi lost 0.8% in spite of a Buy rating and an NIS 9.2 price target it received this morning from Gmul Sahar Investments. Israel Discount Bank shed 0.2%, while Bank Hapoalim lost 1.8% on total turnover of NIS 29.5 million. Mizrahi Bank dipped 0.5%.
Bezeq closed down 1.6% after an earlier climb of 1%.
Koor Industries (Nasdaq:KOR) lost 0.7% after Ma'ariv published it reneged on its plans of selling control of Elisra, which led to morning climbs, later reversed. Koor is in search of an investor interested in acquiring 49% of the subsidiary.
Clal Insurance lost 0.8%, whereas Migdal Insurance remained unchanged. Migdal will distribute an NIS 50 million dividend to its investors in about two weeks time.
IDB shares took a beating today. Clal Industries lost 2%, the Discount Investment Corporation shed a somewhat heftier 2.4%. IDB Development closed down 2.1%., while IDB Holdings lost 1.5%.
Dual-listed shares also closed down. Retalix (Nasdaq:RTLX) shed 0.3%, Formula Systems (Nasdaq:FORTY) lost 1.9% and Partner Communications (Nasdaq:PTNR) stepped back 1.3%.
Nice Systems (Nasdaq:NICE), however, posted a 2.2% climb after announcing the installment of its Nice Vision Pro system in a Swedish casino.
RoboGroup TEK (Nasdaq:ROBO) soared 8.2% on reports its fully owned subsidiary signed a $4 million e-learning equipment contract.