Leading TASE indices are dropping by about 0.9% on slim NIS 75 million turnover midday Sunday, following the Nasdaq 1.2% dip Friday, and the Dow's loss of 0.8%.
The Maof-25 is now slipping 0.94%, the TA-100 is down 0.8% and the Tel Tech is dipping 1.23%.
Makhteshim Agan is opening with a 5.2% plunge on NIS 8.5 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 following with a 4% dive.
Teva Pharmaceuticals (Nasdaq:TEVA) is dipping 0.3% on the highest turnover of NIS 11 million on the floor, following a negative 0.4% opening arbitrage gap.
Nice Systems (Nasdaq:NICE) is losing 6%, and Partner Communications (Nasdaq:PTNR) is down 2.2%.
Metalink (Nasdaq:MTLK) is up 0.7% and Elbit Systems (Nasdaq:ESLT) is gaining 1%.
Israel Chemicals is down 0.8% 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.
Migdal Insurance is dipping 0.2% on a less optimistic rating drop from Buy to Hold from analyst Tamir Kayam. The analyst believes that in spite of the share's recent leaps, its yield will not surpass that of the TA-100 index.