The last trading day of the week was marked by losses, as world markets pulled the Tel Aviv Stock Exchange down. The TA-25 lost 0.9% to close at 1,109 points, and the TA-100 lost 0.8% for the day to close at 1,034 points. The TelTech-15, in contrast, rose 0.2%. Turnover was NIS 2.5 billion, partly due to the expiration of February options on the TA-25 yesterday.
The level of the TA-25 used to set the options' expiration value was 1,127.69 points, a 0.7% rise over the previous day's closing. Turnover hit NIS 1.5 billion before the expiry.
Though yesterday's early gains were wiped out after European markets started in the red, the TASE was up for the week as a whole: The TA-25 rose 0.7% and the TA-100 0.6%.
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Israel Chemicals lost 2% yesterday. The share has become the most heavily traded on the market over the past few months, and once again racked up the largest turnover yesterday, some NIS 320 million. The company pulled its parent, The Israel Corporation, down with it, by 3% for the day.
The Delek Group lost 2.1%. The share did not manage to recover from the wild day it had on Wednesday, when rumors of management problems at the very highest levels rocked the company, and the stock price. Despite firm denials from Delek, the share has lost over 40% of its value since its record high eight months ago.
The Real Estate-15 lost 1.7% and was down 2.7% for the week. Delek Real Estate continued its dive, down another 2% yesterday, although the firm managed to raise NIS 500 million in bonds from institutional investors on Wednesday.
Ormat Industries rose 0.9% yesterday, as investors absorbed the information revealed in the financial reports released on Wednesday by its subsidiary, Ormat Technologies. Teva lost 0.4%. Internet Gold was down 1.8% after publishing its financials the previous day, and Clal Finance Batucha lowered its target price for the share from NIS 50 to NIS 40.
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