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.
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.
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%.
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
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012
- Tel Aviv market report
- Tel Aviv Stock Exchange
- Israeli stocks in NY
- Arbitrage gaps for dual-listed stocks
- Israeli stocks in Europe
- Israeli stocks on other markets
- Tel Aviv 25 options
- Mutual funds
- Current representative shekel rates
- Historical representative shekel rates
- Bank shekel rates
- Shekel/dollar options