Tue: Chip cos fall sharply on flat TASE
The Tel Aviv Stock Exchange remained largely flat as gains in the banking and communications sectors were offset by a decline in technology stocks. Chip manufacturers, including Tower Semiconductor and Nova Ltd., experienced significant losses during the trading session.
Why it matters
The performance of the TASE provides insight into the health of the Israeli economy and the volatility of its prominent technology sector.
The Tel Aviv Stock Exchange was flat today. The Tel Aviv 35 Index rose 0.04% to 4,176.34 points, the Tel Aviv 125 Index rose 0.36% to 4,040.87 points; and the BlueTech Global Index rose 0.05% to 631.20 points. The TelBond 60 corporate bond index fell 0.10% to 427.79 points. Turnover totaled NIS 3.46 billion in equities and NIS 4.57 billion in bonds.
On the foreign exchange market, the representative shekel-dollar rate was set 1.22% higher from Monday, at NIS 2.986/$, and the representative shekel-euro rate was set 1.14% higher, at NIS 3.457/ .
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