The Wednesday TASE session is opening on a mild downward trend, following the Nasdaq dips last night, and affected by the escalating political tensions in the country.
The Maof-25 is down 0.76%, the Tel Aviv-100 is sliding 0.79% and the Tel-Tech is losing a heftier 2%. Turnover is paper thin NIS 19 million.
Teva Pharmaceuticals (Nasdaq:TEVA) is gaining 0.53% on a positive arbitrage gap, on NIS 5 million turnover.
Big banks shares are slipping. Hapoalim is down 0.5%, and Bank Leumi is dipping 0.6%, both on flimsy turnovers of about NIS 1 million.
Delta Galil is losing 5.1% on announcing the Kmart bankruptcy will lead to a $3-4 million write offon Kmart's $6.4 million debt.
Partner Communications (Nasdaq:PTNR) is losing 1.1% on news the Dankner group was negotiating to sell its stake in Partner to Hutchison Whampoa, in order take the pressure off the Partner share, as the deal will be done off market. Polar Communication has already sold NIS 19 million worth of its s hares in Partner.Matav Cable Systems (Nasdaq:MATV) is rising 2.4% on NIS 607,000 turnover.
Metalink (Nasdaq:MTLK) is down 6.8% on negative arbitrage gap. The company will post its Q4 results tomorrow, in which it will post a sales increase to $1.7 million from $1.3 million in the previous quarter, but still a slide from its $7.3 million sales in the same quarter last year.
IDB shares are also on the decline. IDB Holdings is slipping 25, IDB Development is down 0.84%, Discount Investment is shedding 1.35 and Clal Industries is falling 1.4%.