The Tel Aviv Stock Exchange rose today. The Tel Aviv 25 Index rose 0.57%, to 711.74 points; the Tel Aviv 100 Index rose 0.45%, to 627.26 points; and the Tel Tech Index rose 0.89%, to 145.46 points. Turnover totaled NIS 1.04 billion.
It was a calm session on the Tel Aviv Stock Exchange today, something traders have become unused to in recent months.
The banks continue to attract investor attention. Today, Leumi stood out with a rise of 2.7%. Mizrahi-Tefahot, which fell 5.8% yesterday, fell again today, by 0.3%.
The world's largest potash producer Potash has reported that it intends to cut production by 20% from January, in anticipation of a drop in demand in the first quarter of next year. Shares in Israel Chemicals, in which Potash holds an 11.3% stake, were unaffected by the announcement, and closed 3.1% higher.
A day after announcing that it had won part of a tender by Germany's largest health fund, Teva still did not manage to recover and fell for the second successive day, this time by 3.1%.
Given Imaging, which reported a $20 million acquisition yesterday, ended the session 0.6% lower. In a note on the acquisition, Oppenheimer said it was synergetic and would contribute to future profitability, but remained neutral on the share.
Tefron, controlled by FIMI and Mivtach Shamir, has announced a $12 million rights issue. The share price fell 9.4% today, on low volume.
A meeting of Ameris bondholders decided to wind up the company. Ameris has no CEO or chairman, and a going concern warning was appended to its latest financial statements. It has a deficit on shareholders' equity of $27.3 million.
Published by Globes [online], Israel business news - www.globes.co.il - on December 10, 2008
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