Sunday a.m. TASE dipping on bearish Wall St weekend - TheStreet

Leading TASE indices are dropping by about 0.6% on slim NIS 10 million turnover early Sunday, following the Nasdaq 1.2% dip Friday, and the Dow's loss of 0.8%.

The Maof-25 is now slipping 0.37%, the TA-100 is down 0.27% and the Tel Tech is dipping 0.9%.

Makhteshim Agan is opening with a 4.3% plunge on NIS 2 million turnover. The dips follow a profit warning by Makhteshim, in which the company predicts expenses of $15 million to $22 million on decreased value of its Argentine associates. Makhteshim's parent company Koor Industries (Nasdaq:KOR) is therefore opening with a 2.3% dive.

Teva Pharmaceuticals (Nasdaq:TEVA) is rising 0.2% on the highest turnover of NIS 2.2 million on the floor, in spite of a negative 0.4% arbitrage gap at the end of the Wall Street session.

Nice Systems (Nasdaq:NICE) is losing 5.9%, and Partner Communications (Nasdaq:PTNR) is down 2.3%.

Israel Chemicals is down 0.4% in spite of a positive report from Bank Hapoalim analyst Rakefet Levinson, who raised its target price to NIS 5.6 from NIS 5.1. The bank expects the shekel devaluation to boost the company's profits.