The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.52% to 1,217.76 points, the Tel Aviv 100 Index fell 0.62% to 1,079.18 points, and the BlueTech 50 Index fell 0.14% to 329.54 points. Turnover was NIS 702 million.
The TASE fell today, despite gains on European markets and a mixed session on Wall Street on Friday.
In the foreign currency market, the options pointed to a 0.02% gain in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.743/$, and a 0.04% dip in the shekel-euro exchange rate to NIS 4.964/€.
In the bond market, both 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 0.04%.
In the stock market, Perrigo Company (Nasdaq:PRGO; TASE:PRGO) fell 6.3%, for the biggest loss among Tel Aviv 25 shares, following a negative arbitrage gap, after Goldman Sachs' cut its recommendation for the share. Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 2.2% on the day's biggest turnover of NIS 48.6 million.
Delek Group Ltd. (TASE: DLEKG) bucked the market with a 4.9% gain for the biggest rise among Tel Aviv 25 shares, while its gas exploration units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) rose 2% and 1.5%, respectively.
Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) corrected downward 1.4% from Thursday's 6.9% jump, while its high-tech peers on the index, EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 1% and fell 0.2%, respectively.
Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 2.1% and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 1.8%, but Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.1%.
Gazit-Globe Ltd. (NYSE: GZT; TASE: GLOB) fell 0.5%, after buying a property in Sao Paulo, Brazil, for $20 million.
On the Tel Aviv 100 Index, a 2.5% drop by Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) and 1.9% drop by The Phoenix Holdings Ltd. (TASE: PHOE1;PHOE5) dragged the Insurance Index down 1.2%.
Babylon Ltd. (TASE:BBYL) fell 2%, after launching a new version of its translation software. Orbit Technologies Ltd. (TASE:ORBI) rose 2.6% on a NIS 3.5 million contract for tracking and telemetry systems from the Ministry of Defense.
Mid-cap Can-Fite BioPharma Ltd. (TASE:CFBI; Bulletin Board: CANFY) rose 17.4%, following a "Buy" recommendation and a 300% upside from Poalim Sahar Ltd.
Mid-cap Modiin Energy LP (TASE:MDIN.L) fell another 8.6%.
Published by Globes [online], Israel business news - www.globes-online.com - on January 13, 2013
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