Wed: Real estate cos fail to lift market

Azrieli and Gazit-Globe enjoyed the biggest gains on the Tel Aviv 25, while Teva fell on the biggest turnover.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.24% to 1,214.93 points, the Tel Aviv 100 Index fell 0.14% to 1,084.72 points, but the BlueTech 50 Index rose 0.31% to 312.82 points. Turnover was NIS 960.3 million.

The leading TASE indices fell again today, despite gains on European markets and at the opening on Wall Street.

In the foreign currency, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.728, down 0.13% on yesterday's rate, and set the shekel-euro exchange rate at NIS 4.886/€, down 0.01%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government were unchanged. The corporate bond benchmark Tel-Bond 20 Index rose 0.08%.

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.4% on the day's biggest turnover of NIS 115 million.

Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 0.5%, after publishing its financials, while it mobile peer on the index, Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) was unchanged, and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 0.6%.

Oil Refineries Ltd. (TASE:ORL) fell 2.8% for the biggest loss among Tel Aviv 25 shares, after announced that its CEO will step down. Sister company Israel Chemicals Ltd. (TASE: ICL) rose 0.5%, but their parent company, Israel Corporation (TASE: ILCO) fell 1.9%.

Real estate companies Azrieli Group Ltd. (TASE: AZRG) and Gazit-Globe Ltd. (NYSE: GZT; TASE: GLOB) rose 1.5% and 1.4%, respectively, for the biggest gains among Tel Aviv 25 shares.

On the Tel Aviv 100 Index, Ormat Industries Ltd. (TASE: ORMT) fell 0.4%, after its US subsidiary, Ormat Technologies Inc. (NYSE: ORA), published its financials.

The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) led the insurance companies down with a drop of 2.1%.

Small cap Modiin Energy LP (TASE:MDIN.L) rose 18.5%, but Israel Land Development Company Energy Ltd. (TASE: IE) fell 45%, after a 300% rise in the four preceding trading days. Gulliver Energy Ltd. (TASE: GLVR) rose another 44.7% on top of yesterday's 18.7% gain.

AudioCodes Ltd. (Nasdaq: AUDC; TASE: AUDC) rose 6.6% on a positive arbitrage gap.

Published by Globes [online], Israel business news - - on February 27, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

View comments in rows
Update by email about comments talkback
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018