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10:08
Reported

News Brief

  5/7/2012, Iyar 15, 5772

Tel Aviv Stocks Down at Start


Following the trend of the Asian markets in response to Socialist candidate Francois Hollande's victory in the French presidential elections, modest to moderate losses were recorded on all the indices of the Tel Aviv Stock Exchange in the first few minutes of trading on Monday. The TA Composite index stood at 1,028, down .93 percent while the TA 100 declined .99 percent to 1,038.12, including a .95 percent slump to 1,136.14 by the Maof 25 most-widely-invested issues.

Worst hit were the bank stocks, which fell 1.62 percent to 981.28 as the financial institutions stood at 908.95, down 1.41 percent, including a 1.53 percent decline to 1,027.33 by the insurance index. The communications and media index stood at 613.11, down 1.03 percent, and the real-estate issues declined 1.01 percent to 284.27, followed by the oil and natural gas stocks at an even one percent or 1,217.79. Most of the technology index stood at 332.52, down .81 percent, and the biomed issues declined .45 percent to 772.30.