Sun: Dual-listed tech shares lift market

Mellanox continued its recovery for the biggest gain among Tel Aviv 25 shares, as EZchip and NICE also rose.

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.57% to 1,222.72 points, the Tel Aviv 100 Index rose 0.76% to 1,097.36 points, and the TechBlue 50 Index rose 2.36% to 310.91 points. Turnover was NIS 691.2 million.

The TASE rose today, in line with gains on European markets and on Wall Street on Friday.

In the foreign currency market, options pointed to a 0.66% gain by the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.668/$, and a 0.59% gain by the shekel-euro exchange rate to NIS 4.715/€.

In the bond market, long-term Shahar unlinked shekel government bonds fell by up to 0.3%, but long term Galil CPI-linked government bonds rose by up to 0.4%. The corporate bond benchmark Tel-Bond 20 Index rose 0.07%.

In the stock market, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) rose 3.9% for the biggest gain among Tel Aviv 25 shares, while EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) rose 3.6% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 1.6%.

Israel Chemicals Ltd. (TASE: ICL) rose 1.5% on the day's biggest turnover of NIS 58 million.

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 1.6% for the biggest loss among Tel Aviv 25 shares. Energy exploration companies Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) fell 1.1% and 1.4%, respectively, while their parent company, Delek Group Ltd. (TASE: DLEKG) was unchanged.

On the Tel Aviv 100 Index, LivePerson Inc. (Nasdaq: LPSN); TASE: LPSN) corrected upwards 10% and Mid-Cap companies Camtek Ltd. (Nasdaq: CAMT; TASE:CAMT) rose 8% and Silicom Ltd. (Nasdaq:SILC; TASE:SILC) rose 5.7%.

Yam 3 licensees Zerah Oil And Gas Explorations LP (TASE: ZRAH) rose 6.6% but Shemen Oil and Gas Resources Ltd. (TASE: SOG) fell 1.8% on the resumption of drilling of the well.

Enlight Renewable Energy Solutions Ltd. (TASE:ENLT) rose 10.8% after announcing to talks to acquire an option to buy mid-sized photovoltaic energy facilities in Israel from Ormat Industries Ltd. (TASE: ORMT), which rose 1.5%.

Published by Globes [online], Israel business news - www.globes-online.com - on May 19, 2013

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

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