Sun: Mellanox plunge depresses TASE

Mellanox fell 12%, after announcing that it will delist from the TASE, while Delek Group bucked the market.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.76% to 1,222.60 points, the Tel Aviv 100 Index fell 0.52% to 1,102.09 points, and the BlueTech 50 Index fell 1.19% to 309.02 points. Turnover was NIS 529.5 million.

The TASE fell today, in line with losses on European markets and on Wall Street on Friday.

In the foreign currency market, options pointed to a 0.03% gain in the shekel-dollar exchange rate, compared with Friday's representative rate, to NIS 3.684/$, and to a 0.08% drop in the shekel-euro exchange rate to NIS 4.795/€

In the bond market, long-term Shahar unlinked shekel government bonds ranged between losses of 0.1% and gains of 0.1% and long term Galil CPI-linked government rose by up to 0.2%. The corporate bond benchmark Tel-Bond 20 Index fell 0.02%.

In the stock market, Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) fell 12% for the biggest loss among Tel Aviv 25 shares, on the day's biggest turnover of NIS 47.3 million, after announcing that it will delist form the TASE.

Bank Leumi (TASE: LUMI) fell 1.2%. Leader Capital Markets today downgraded its recommendation from "Buy" to "Outperform". Bank Hapoalim (TASE: POLI) fell 0.9%, and the Banking Index fell 0.7%.

Delek Group Ltd. (TASE: DLEKG) rose 2.7% for the biggest gain among Tel Aviv 25 shares.

Elsewhere in the market, Blue Square Real Estate Ltd. (TASE: BLSR) fell 8%, after publishing poor financials for the first quarter.

IDB Holding Corp. Ltd. (TASE:IDBH) rose 9.4% and its and IDB Development Corporation's bonds rose by up to 12.6%, on reports that controlling shareholder Nochi Dankner had made a new offer for a debt settlement.

Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) fell another 19.4% on a negative arbitrage gap, following last week's private placement.

Tel Aviv 100 company Kamada Ltd. (:Nadaq: KMDA); TASE: KMDA) fell 6.6% following its offering on Nasdaq, and Mid-Cap company Mazor Robotics Ltd. (Nasdaq: MZOR; TASE:MZOR) rose 6.7% following a favorable recommendation by Leader Capital Markets published by "Globes".

Eden Springs Ltd. (Maayanot Eden) (TASE: MEYD) fell 34.2% on reports that it is in talks to sell its operations.

Published by Globes [online], Israel business news - - on June 2, 2013

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

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018