Wed: NICE Systems weighs on market

NICE Systems fell heavily on disappointment with 2013 guidance but EZchip rose on robust results.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.29% to 1,225.38 points, the Tel Aviv 100 Index fell 0.40% to 1,092.09 points, and the BlueTech 50 Index fell 1.50% to 317.91 points. Turnover was NIS 1.01 billion.

The TASE fell today, despite gains on European markets and a mixed session at the opening on Wall Street.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.687/$, down 0.27% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.973/€, up 0.01%.

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 0.5%. The corporate bond benchmark Tel-Bond 20 Index fell 0.25%.

In the stock market, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) fell 5.4% for the biggest loss among Tel Aviv 25 shares, as investors were disappointed about the company's guidance, but EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) rose 0.5%, after publishing their financials. Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) fell 2.9%.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 2.7%, for the biggest gain among Tel Aviv 25 shares, on the day's biggest turnover of NIS 69.7 million.

Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.6%, after filing its F20 financial statement with the US Securities and Exchange Commission (SEC), and Perrigo Company (Nasdaq:PRGO; TASE:PRGO) fell 1%.

On the Tel Aviv 100 Index, real estate companies Africa-Israel Investments Ltd. (TASE:AFIL) fell 0.9%, after being hit with a class-action lawsuit, Jerusalem Economy Ltd. (TASE:ECJM) (JEC) fell 4.2% on profit taking, after rising 12% in two days, and Melisron Ltd. (TASE: MLSR) fell 3.5% after announcing a NIS 1 billion sale of two malls.

Prolor Biotech Inc. (AMEX: PBTH; TASE: PBTH) rose 7.9%, after obtaining orphan drug status in Europe for its extended life human growth hormone, and Babylon Ltd. (TASE:BBYL) fell 4.8%, after stating that it had not set a date for its Wall Street offering.

Also on the index, Given Imaging Ltd. (Nasdaq: GIVN; TASE: GIVN) fell 1.5% and LivePerson Inc. (Nasdaq: LPSN); TASE: LPSN) fell 4.9%, but Magic Software Enterprises Ltd. (Nasdaq: MGIC; TASE: MGIC) rose 3.2% after they published their financials.

Elbit Imaging Ltd. (Nasdaq: EMITF; TASE: EMIT) rose 11.4%.

Published by Globes [online], Israel business news - www.globes-online.com - on February 13, 2013

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

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