Market report / Biocancell jumps as arbitrage shares retreat
The Tel Aviv Stock Exchange ended lower on Sunday, as the global stock-market rally stalled.
Tel Aviv shares ended Sunday lower on very thin trading of just NIS 591 million, as the global stock-market rally stalled on Friday. One of the stocks to buck the trend was smallcap biotech stock Biocancell, which jumped nearly 21% on turnover of NIS 8.1 million, more than 16 times its usual volume, after reporting it had successfully completed Phase IIb clinical trials for BC-819, a drug for treating superficial...
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