The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.38% to 1,220.71 points, the Tel Aviv 100 Index fell 0.45% to 1,087.23 points, and the BlueTech 50 Index fell 1.82% to 312.12 points. Turnover was NIS 863.2 million.
The TASE fell again today, in line with losses European markets and a mixed session at the opening on Wall Street. Despite the losses of the last two sessions, the Tel Aviv 25 Index rose 0.8%, after rising 2.8% last week.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.68/$, down 0.19% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.908/€, down 1.31%.
In the bond market, both long-term Shahar unlinked shekel government bonds were unchanged and long term Galil CPI-linked government bonds rose by up to 0.3%. The corporate bond benchmark Tel-Bond 20 Index fell 0.04%.
In the stock market, EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) fell 18.2%, for the biggest loss among Tel Aviv 25 shares, after lowering its long-term guidance. Clal Finance said today, "The market reaction was overblown, and EZchip can still present rapid growth with high profit margins."
Its high-tech peers on the index, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) rose 4% for the biggest gain among Tel Aviv 25 shares, and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) corrected upwards 2.9%. JPMorgan today raised its target price for NICE to $42.50, and raised its forecasts.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) fell 0.9%.
On the Tel Aviv 100 Index, Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) fell 6.1% on its low guidance for the first quarter of 2013, and Ceragon Networks Ltd. (Nasdaq: CRNT; TASE:CRNT) fell 2.8%, after publishing its financials.
Babylon Ltd. (TASE:BBYL) rose 5.9% on the day's biggest turnover of NIS 57 million.
Elbit Imaging Ltd. (Nasdaq: EMITF; TASE: EMIT) rose another 18.1% today, after rising 28% earlier in the week.
Published by Globes [online], Israel business news - www.globes-online.com - on February 14, 2013
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