Market report / Stocks ease down on vanishing volume
The benchmark TA-25 index of blue chips lost 0.3% to 1,134 points, and the broader TA-100 index lost the same to 1,045 points.
Tel Aviv stocks ended with a negative bias on especially feeble turnover of NIS 317 million, which is less than the daily turnover in Teva Pharmaceutical Industries during better times. All the indexes traded in the red throughout Monday and stayed there.
None of the indexes stood out with special gains or losses: The benchmark TA-25 index of blue chips lost 0.3% to 1,134 points, and the broader TA-100 index lost the same to 1,045 points. Real estate stocks ended 0.6% lower and technology shares were relatively less affected, ending 0.1% down.
Teva Pharmaceutical Industries was the liveliest stock on the floor, ending 0.7% higher on vanishingly small turnover of NIS 21 million. That's a respectable sum for a midcap but not a giant like Teva. Not much direction was to be had from Europe, where the indexes traded mixed.
The biggest gainers and losers of the day also didn't go far. Vehicle locating services company Ituran led the pack of gainers with a 5.1% increase, while the biggest loser was Internet Gold with a 5.9% drop.
Real estate sector stocks were mixed, with Bayside gaining 2%, ILDC gaining 2.1% and Property and Building losing 2.2%. Banks also traded on the downside, but didn't go far there either.