Opko Health Inc (OPK)

[WiseFool]

Opko Health Rose 3.69% For The Biggest Gain On The Tel Aviv 25 Index

Teva and Perrigo fell amid takeover bids but Delek and Israel Chemicals lifted the market

26/04/2015, 19:00
Globes correspondent

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.27% to 1,687.85 points, the Tel Aviv 100 Index rose 0.07% to 1,472.35 points, but the BlueTech 50 Index fell 0.25% to 383.07 points. Turnover was NIS 860.4 million.

In the foreign currency market, futures trading pointed to the shekel-dollar representative exchange rate falling 1.23% from Friday’s rate to NIS 3.903/$, while the shekel-euro rate fell 0.05% to NIS 4.247/€.

In the bond market, the corporate bond benchmark Tel-Bond 20 Index rose 0.47%.

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.59% on the day’s largest trading turnover, after last week’s hostile takeover bid for generic drug rival Mylan NV. Perrigo Company (NYSE:PRGO; TASE:PRGO), itself the target of a hostile takeover bid from Mylan, fell 2.06% for the biggest fall on the Tel Aviv 25 Index. Opko Health Inc. (NYSE: OPK; TASE: OPK) rose 3.69% for the biggest gain on the Tel Aviv 25 Index.

Delek Group Ltd. (TASE: DLEKG) rose 1.77%, Azrieli Group Ltd. (TASE: AZRG) rose 2.42% but Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) fell 1.57%.

Israel Chemicals (TASE: ICL: NYSE: ICL) rose 0.91% on news of potash deals with Chinese customers, despite the company’s two month strike deadlock, and parent company Israel Corporation (TASE: ILCO) rose 2.70%.