Mon: NICE, EZchip lift market

NICE Systems and EZchip recorded the biggest gains on the Tel Aviv 25 Index, but Mellanox fell again.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.78% to 1,244.64 points, the Tel Aviv 100 Index rose 0.52% to 1,105.82 points, and the TechBlue 50 Index edged up 0.01% to 312.70 points. Turnover was NIS 984.4 million.

A late rally boosted the TASE, despite losses on European markets and at the opening on Wall Street.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.693/$, up 0.33% on Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.776/€, down 0.61%.

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 0.33%.

In the stock market, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) and EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) rose 2.5% and 3%, for the biggest gains among Tel Aviv 25 shares, while Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) fell 1.6% for the biggest loss among Tel Aviv 25 shares.

Israel Chemicals Ltd. (TASE: ICL) fell 0.3% on the day's biggest turnover of NIS 82 million.

Oil Refineries Ltd. (TASE:ORL) fell 1.1%, after posting a net loss for 2012, and Mizrahi Tefahot Bank (TASE:MZTF) fell 0.7% on its financials. DS Brokerage said that it still prefers the banks over its peers.

Bank Hapoalim (TASE: POLI) rose 2.1% and Bank Leumi (TASE: LUMI) rose 2%.

Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) rose 2.3% and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) and Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) both rose 1.7%.

Published by Globes [online], Israel business news - www.globes-online.com - on March 18, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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