Thu: TASE rises 5% in 5772

Mellanox fell 1.5%, but is up 270% over the past 12 months. The market will reopen on Wednesday, after the Rosh Hashana holiday.

13 September 12 17:15, Aviv Levy

The Tel Aviv Stock Exchange (TASE) was mixed today. The Tel Aviv 25 Index fell 0.07% to 1,133.05 points, but the Tel Aviv 100 Index rose 0.19% to 1,011.69 points, and the BlueTech 50 Index rose 0.72% to 342.19 points. Turnover was NIS 994.8 million.

The TASE was mixed today, in line with a mixed session in European markets and at the opening on Wall Street. The Tel Aviv 25 Index rose 1.8% for the week, after falling 0.7% last week. Both the Tel Aviv 25 and Tel Aviv 100 indices rose 5% during Jewish year 5772.

The TASE will be closed on Sunday-Tuesday next week for the Rosh Hashana (Jewish New Year) holiday, reopening on Wednesday.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.966/$, up 0.45% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 5.119/€, up 0.43%.

In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government bonds rose by up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index rose 0.05%.

In the stock market, Perrigo Company (Nasdaq:PRGO; TASE:PRGO) fell 0.3% on the day's biggest turnover of NIS 106.8 million, after announcing the acquisition of the assets of veterinary medicines company Sergeant's Pet Care Products Inc. for $285 million in cash. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.2%.

Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) resumed its slide, after a one-day hiatus, falling 1.5%. The share rose 270% over the preceding 12 months. Tel Aviv 100 listed Babylon Ltd. (TASE:BBYL) rose 4% to complete a 470% gain for the past 12 months.

Paz Oil Company Ltd. (TASE:PZOL) rose 2.4% for the biggest gain by Tel Aviv 25 shares, and its peer Oil Refineries Ltd. (TASE:ORL) rose 0.9%

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 3.4% for the biggest loss among Tel Aviv 25 shares. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 2%, after rising strongly yesterday along with several IDB Holding Corp. Ltd. (TASE:IDBH) companies. IDB fell 3.6%, but its bonds rose by up to 8.1%, and subsidiary Discount Investment Corporation (TASE: DISI) rose another 3.4%.

Insurance companies also continued to climb, led by a 5.5% gain by Menorah Mivtachim Holdings Ltd. (TASE: MORA) and 4.6% gain by The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5).

RedHill Biopharma Ltd. (TASE: RDHL) rose 5.5%, after filing a draft prospectus with the US Securities and Exchange Commission (SEC) to list on Nasdaq. Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) rose 7.8%, after a long slide sent the share to an all-time low. Albaad Massuot Yitzhak Ltd. (TASE: ALBA) rose 7.4%, without any announcement.

Published by Globes [online], Israel business news - www.globes-online.com - on September 13, 2012

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