The Tel Aviv Stock Exchange (TASE) was flat today. The Tel Aviv 25 Index edged up 0.04% to 1,232.71 points, the Tel Aviv 100 Index was unchanged at 1,108.84 points, but the BlueTech 50 Index fell 0.38% to 315.06 points. Turnover was NIS 894.4 million.
The TASE rally ended today, in line with a mixed session on European markets and belying gains at the opening on Wall Street.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.665/$, down 0.38% on yesterday's rate, and set the shekel-euro representative exchange rate at NIS 4.745/€, up 0.42%.
In the bond market, long-term Shahar unlinked shekel government bonds rose by up to 0.8% and long term Galil CPI-linked government bonds rose by up to 0.6%. The corporate bond benchmark Tel-Bond 20 Index rose 0.11%.
In the stock market, Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR) fell 3.9%, for the biggest loss among Tel Aviv 25 shares, after publishing its financials. Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) fell 1.2%, but Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) rose 0.2%.
Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) fell 2.6%, after chairman and CEO Eyal Waldman threatened to delist the company from the TASE. IBI Investment House initiated coverage of the share with a "Neutral" recommendation, and predicted that it would again report double-digit growth above the industry average in 2014. Mellanox's high-tech peers on the index, NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 2%, but EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) fell 0.5%.
Azrieli Group Ltd. (TASE: AZRG) rose 0.3%, after announcing the acquisition of land in Tel Aviv.
Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) rose 0.3% on the day's biggest turnover of NIS 87 million. Mizrahi Tefahot Bank (TASE:MZTF) rose 2.1% for the biggest gain among Tel Aviv 25 shares.
On the Tel Aviv 100 Index, Given Imaging Ltd. (Nasdaq: GIVN; TASE: GIVN) corrected downward 3.4%. Oppenheimer cut its recommendation for the share from "Outperform" to "Market perform".
Elsewhere in the market, Yam 3 partner Zerah Oil And Gas Explorations LP (TASE: ZRAH) fell 13.2%, after raising capital. Its partner, Shemen Oil and Gas Resources Ltd. (TASE: SOG) fell 2%, after raising capital. Biocancell Therapeutics Ltd. (TASE:BICL) fell another 1.7% after holding a secondary offering.
Published by Globes [online], Israel business news - www.globes-online.com - on May 22, 2013
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