The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.13% to 1,114.06 points, the Tel Aviv 100 Index rose 0.43% to 1,018.09 points, and the BlueTech 50 Index rose 1.83% to 296.50 points. Turnover was NIS 1.4 billion.
The leading TASE indices rose slightly today, although sector indices were mixed, in line with gains on European Markets and on Wall Street. Strong morning gains were lost in a late sell-off, which pulled the indices back close to their starting levels.
The Central Bureau of Statistics will publish the Consumer Price Index (CPI) for January after the markets close today. The analysts' consensus is for a 0.2% decline.
In the bond market, both long-term Shahar unlinked government bonds rose by up to 0.2% and long-term Galil CPI-linked bonds rose by up to 0.3%. The corporate bond benchmark Tel-Bond 20 Index edged up 0.01%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.734/$, down 0.05% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.911/$, down 0.37%.
In the stock market, the reporting season is in full swing. Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: TEVA) rose 2.4%, for the biggest gain among Tel Aviv shares, on the market's biggest turnover of NIS 75 million, after publishing its financial report for the fourth quarter and full year of 2011 today.
NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 1.1%, after publishing its financials. Its high tech peer on the Tel Aviv 25 Index, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) rose 1.6% after Psagot Investment House Ltd. reiterated its "Hold" recommendation, but raised its target price to $38.40.
Telecom shares attracted interest, following more reports on the companies. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.5% to NIS 6.23, after UBS reiterated its "Buy" recommendation for the share with a target price of NIS 9.30. Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 1.7%, after Meitav Investment House Ltd. reiterated its "Market perform" recommendation, and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell another 1.8%. HOT Telecommunication Systems Ltd. (TASE: HOT) rose 0.3%.
Oil Refineries Ltd. (TASE:ORL) fell 1.95 for the biggest loss among Tel Aviv 25 shares.
Among Tel Aviv 100 shares, Given Imaging Ltd. (Nasdaq: GIVN; TASE: GIVN) rose 9.6%, and Nova Measuring Instruments Ltd. (Nasdaq:NVMI; TASE:NVMI) rose 3.1% after they published their financials. Magic Software Enterprises Ltd. (Nasdaq: MGIC; TASE: MGIC) fell 7.7% on a negative arbitrage gap, losing most of yesterday's gain.
Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) fell 5.9% on a negative arbitrage gap.
Published by Globes [online], Israel business news - www.globes-online.com - on February 15, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012