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Wed: Israel Phoenix boosts Hadar Insurance.
(From Israel Business Arena)
Byline: Yaron Friedman
The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 index closed down 0.98% at 367.08 points, the Tel Aviv 100 index fell 1.13% to 355.86 points, and the Tel-Tech 15 index lost 2.13% to 172.82 points. Turnover totaled NIS 207 million.
It looks like acrophobia is still paralyzing TASE buyers. After the Tel Aviv 25 managed to cross the 380-point line two days ago, the investors did an about-face on the same day, pushing the market back below that level. The turnaround has gathered momentum since, with the index losing another 1% today, nearing the 360 point, considered the market's support level.
Has the market's attack of optimism come to an end? I wouldn't jump …
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