The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.47% to 1,229.66 points, the Tel Aviv 100 Index rose 0.55% to 1,090.66 points, and the BlueTech 50 Index rose 0.67% to 332.52 points. Turnover was NIS 876.3 million.
The TASE rose again today, in line with gains in European markets and at the opening on Wall Street.
In the bond market, long-term Shahar unlinked shekel government bonds were unchanged and long-term Galil CPI-linked government bonds fell by up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index fell 0.02%.
In the foreign currency market, despite initial weakening of the shekel against the dollar and euro in morning inter-bank trading, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.894/$, down 0.26% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.985/€, down 0.04%.
In the stock market, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) rose another 4.4%, for the biggest gain among Tel Aviv 25 shares, without any announcement. Its high-tech EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose by 1.4% and 0.2%, respectively.
Israel Chemicals Ltd. (TASE: ICL) fell another 0.7% on the day's biggest turnover of NIS 50 million. Oil Refineries Ltd. (TASE:ORL) fell 2.7%, for the biggest loss among Tel Aviv 25 shares, and their parent company, Israel Corporation (TASE: ILCO), fell 1.3%.
Perrigo Company (Nasdaq:PRGO; TASE:PRGO) rose 1.2% ahead of the publication of its financials tomorrow, and Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 1.8%.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 0.4%. Ahead of the publication of the company's financials, Leader Capital Markets said, "Increased competition in the mobile segment continues to weigh on the companies mobile and landline results."
The banks again rose strongly, led by a 2.2% gain by Mizrahi Tefahot Bank (TASE:MZTF) and 2% gain by Israel Discount Bank (TASE: DSCT).
On the Tel Aviv 100 Index, insurance companies also rose strongly, led by a 3.5% gain by The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) and 2.9% gain by Harel Insurance Investments and Financial Services Ltd. (TASE: HARL).
Jerusalem Economy Ltd. (TASE:ECJM) (JEC) rose 6.1%, boosting the Real Estate 15 Index.
Spacecom Satellite Communications Ltd. (TASE:SCC) rose 3.6%, after controlling shareholder Eurocom Group, owned by Shaul Elovitch, sold shares for NIS 36 million. Babylon Ltd. (TASE:BBYL) fell 4%, after publishing a registration statement with the US Securities and Exchange Commission (SEC) for a Wall Street offering.
Myra and Sarah franchisees resumed their slide after a lengthy upward correction following the shares' collapse when the wells were declared dry holes. Israel Land Development Company Energy Ltd. (TASE: IE) fell 4.7%, and Modiin Energy LP (TASE:MDIN.L) fell 4.7%.
Pluristem Therapeutics Ltd. (Nasdaq:PSTI; DAX: PJT: PLTR) rose 5.1% following a favorable report on the company by "Seeking Alpha".
AudioCodes Ltd. (Nasdaq: AUDC; TASE: AUDC) fell 7% on profit taking after rising 26% in the two preceding sessions.
Published by Globes [online], Israel business news - www.globes-online.com - on November 6, 2012
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