The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.41% to 1,227.60 points, the Tel Aviv 100 Index rose 0.53% to 1,107.96 points, and the BlueTech 50 Index rose 0.76% to 311.37 points. Turnover was NIS 1.01 billion.
An afternoon rally boosted the TASE, despite mixed sessions on European markets and in line with gains at the opening on Wall Street.
The TASE reported today that average daily turnover was NIS 1.2 billion in March and NIS 1.1 billion in the first quarter.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.687/$, up 0.11% compared with Friday's rate, and set the shekel-euro representative exchange rate at NIS 4.794/€, down 0.08%
In the bond market, both long-term Shahar unlinked shekel government bonds and long term Galil CPI-linked government fell by up to 0.7%. The corporate bond benchmark Tel-Bond 20 Index fell 0.14%
In the stock market, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) corrected upwards 2.9%, for the biggest gain among Tel Aviv 25 shares.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.4% on the day's biggest turnover of NIS 94 million.
Oil Refineries Ltd. (TASE:ORL) fell 1.8% to NIS 1.62. Clal Finance today downgraded its recommendation for the share from "Market perform" to "Underperform" and cut its target price to NIS 1.50, 9% below today's opening price. Parent company Israel Corporation (TASE: ILCO) rose 2.9%.
Israel Discount Bank (TASE: DSCT) rose 0.5%. Psagot Investment House Ltd. today said that, while the bank was not yet efficient enough, its share price wasn’t expensive either. Bank Hapoalim (TASE: POLI) rose 1.5%, but Bank Leumi (TASE: LUMI) fell 0.2%.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 2.3% for the biggest loss among Tel Aviv 25 shares. However, mobile carriers Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) rose 1.1% and 0.3%, respectively.
On the Tel Aviv 100 Index, Jerusalem Economy Ltd. (TASE:ECJM) (JEC) rose 3.1%. Excellence Nessuah Brokerage gave the share a "Buy" recommendation on a positive review of the real estate company.
Published by Globes [online], Israel business news - www.globes-online.com - on June 3, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013