Globes: Tue: EZchip leads market gains
24 July 12 17:10–The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.94% to 1,065.86 points, the Tel Aviv 100 Index rose 0.78% to 967.85 points, and the BlueTech 50 Index rose 1.65% to 340.85 points. Turnover was NIS 932 million.
The TASE rose today in line with gains on European markets, and despite losses at the opening on Wall Street.
In the bond market, long-term Shahar unlinked shekel bonds fell by 0.1% and long-term Galil CPI-linked bonds ranged between losses of 0.1% and gains of 0.1%. The benchmark corporate bond Tel-Bond 20 Index fell 0.28%.
In the foreign currency market, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 4.064/$, up 0.57% on yesterday’s rate, and set the shekel-euro representative exchange rate at NIS 4.92/€, up 0.55%.
In the stock market, EZchip Semiconductor Ltd. (Nasdaq: EZCH; TASE:EZCH) rose 7% for the biggest gain among Tel Aviv 25 shares, without any announcement by the company. Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) corrected upwards 2.7% and NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 1.7%.
Tel Aviv 100 technology companies Pluristem Therapeutics Ltd. (Nasdaq:PSTI; DAX: PJT: PLTR) rose 5.7%, Babylon Ltd. (TASE:BBYL) rose 5%, and Mid Cap 50 Index company Silicom Ltd. (Nasdaq:SILC; TASE:SILC) rose 7.2%.
The Banking Index fell 1.7%, as Citi Research published a downbeat analysis of the sector, cutting its target prices for the country’s top three banks. Bank Leumi (TASE: LUMI) fell 2.2% and Israel Discount Bank (TASE: DSCT) fell 0.4%, after Citi cut its recommendations for them, and Bank Hapoalim (TASE: POLI) fell 2%, even though Citi reiterated its recommendation for the share…Read More>>
