The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.57% to 1,225.31 points, the Tel Aviv 100 Index fell 0.72% to 1,083.08 points, and the BlueTech 50 Index fell 0.64% to 336.05 points. Turnover was NIS 912.2 million.
The TASE fell today, despite a mixed day on European markets and at the opening on Wall Street.
In the bond market, long-term Shahar unlinked government bonds rose by up to 0.1% and long-term Galil CPI-linked government bonds also rose by up to 0.1%. The corporate bond benchmark Tel-Bond 20 Index was unchanged.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.15/$, up 0.21% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.994/€, up 0.71%.
Meitav Investment House Ltd. believes there will be no change in the composition of the Tel Aviv 25 Index at the end of the year.
In the stock market, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) bucked the market with a 0.6% rise after Merrill Lynch raised its recommendation from "Underperform" to "Buy" following Haim Saban's acquisition of control from Ilan Ben-Dov. Partner's rival mobile carrier Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 2.8% and the Communications Index was down 0.6%.
Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) continued its bad run falling 5.9% after falling on Nasdaq yesterday. Mellanox had today's highest trading turnover of NIS 69 million. The Infinity band developer's share price has now fallen 20% over the past week.
It was also a bad day for the energy exploration companies which gave up some of their recent rises after Woodside acquired a 30% stake in the Leviathan field. Avner Oil and Gas LP (TASE: AVNR.L) fell 3.1% and Delek Drilling Limited Partnership (TASE: DEDR.L) fell 1.4%. The Gas and Oil Index fell 1.8%.
Published by Globes [online], Israel business news - www.globes-online.com - on December 4, 2012
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