Tue: Nice tumbles as TASE falls sharply

Market Overview - The Tel Aviv Stock Exchange experienced a decline, with the Tel Aviv 35 Index falling by 1.90% to 3,385.71 points, and the Tel Aviv 125 Index also decreasing by 1.90% to 3,431.45 points. The BlueTech Global Index dropped by 2.31% to 580.96 points. The All Bond corporate bond index saw a slight decrease of 0.09% to 419.37 points. Total turnover in equities was NIS 3.90 billion, while bonds totaled NIS 4.29 billion [1]. Currency Exchange Rates - The representative shekel-dollar rate increased by 0.895% to NIS 3.27/$, and the shekel-euro rate rose by 0.787% to NIS 3.789/€ [2]. Major Company Movements - Bank Leumi led the market with a decline of 0.79% on the highest trading turnover. Other banks also saw declines: Bank Hapoalim fell by 1.04%, Israel Discount Bank decreased by 0.38%, and Mizrahi Tefahot Bank dropped by 1.68% [2]. - Nice experienced the largest drop on the Tel Aviv 35 Index, falling by 18.72%. Tower Semiconductor Ltd. decreased by 2.15%, and Teva Pharmaceutical Industries Ltd. fell by 2.04%. Phoenix Financial dropped by 2.14%, while Bezeq Israel Telecommunications Company Ltd. saw a significant decline of 4.36% after its controlling shareholder began selling shares [3]. - In contrast, NewMed Energy rose by 1.25%, marking the largest increase on the Tel Aviv 35 Index. Melisron and Strauss Group also saw slight increases of 0.4% and 0.76%, respectively. Outside the Tel Aviv 35 Index, B Communications rose by 2.99% after selling its controlling stake in Bezeq [4].