Mon: Telcos fail to boost flat market

Partner and Cellcom rose strongly, while Teva was up on the day's biggest turnover.

The Tel Aviv Stock Exchange (TASE) was flat today. The Tel Aviv 25 Index edged up 0.01% to 1,196.86 points, the Tel Aviv 100 Index rose 0.06% to 1,073.90 points, and the BlueTech 50 Index fell 0.22% to 298.62 points. Turnover was NIS 713.6 million.

The TASE was flat today, despite gains on European markets and at the opening on Wall Street.

In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.592/$, down 0.33% compared with Friday's representative rate, and set the shekel-euro representative exchange rate at NIS 4.70/€, up 0.03%.

In the bond market, long-term Shahar unlinked shekel government bonds rose by up to 0.1% and long term Galil CPI-linked government ranged between losse of 0.2% and gains of 0.6%. The corporate bond benchmark Tel-Bond 20 Index rose 0.15%.

In the stock market, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.4% on the day's biggest turnover of NIS 49 million.

Mobile carriers Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) and Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) corrected upwards 4.2% and 2.5%, for the biggest gains among Tel Aviv 25 shares, and boosting the Communications Index 2.4%. Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 0.4%.

Avner Oil and Gas LP (TASE: AVNR.L) fell 1.1% for the biggest loss among Tel Aviv 25 shares, and sister company Delek Drilling LP (TASE: DEDR.L) fell 0.3%. Their parent company, Delek Group Ltd. (TASE: DLEKG), was unchanged.

On the Tel Aviv 100 Index, Babylon Ltd. (TASE:BBYL) fell 6%, after publishing its first quarter financials and announcing the departure of its CEO. Protalix Biotherapeutics Inc. (AMEX:PLX; TASE: PLX) fell 2.1%, despite announcing regulatory approval of its Gaucher's disease treatment in Mexico and Chile, and Pluristem Therapeutics Ltd. (Nasdaq:PSTI; DAX: PJT: PLTR) rose 2%, after announcing positive results of an independent study on its stem cell treatment for pulmonary arterial hypertension. Ormat Industries Ltd. (TASE: ORMT) fell 2.1%, despite announcing a new 20-year power purchasing agreement in California.

Mid-cap AudioCodes Ltd. (Nasdaq: AUDC; TASE: AUDC) fell 0.7%, after publishing its first quarter financials. Also on the index, Israel Land Development Company Energy Ltd. (TASE: IE) corrected upwards 46%, and its partner Modiin Energy LP (TASE:MDIN.L) rose 10.1%.

Published by Globes [online], Israel business news - www.globes-online.com - on April 29, 2013

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

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