Bloomberg News

Israeli Stocks: Elbit Imaging, Strauss, Mazor, RSL Electronics

October 03, 2011

Oct. 3 (Bloomberg) -- Israel’s TA-25 Index increased the most in almost a week, gaining 0.7 percent to 1,061.08 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.4 billion shekels ($373 million) of shares and convertible securities today, according to Tel Aviv Stock Exchange data.

The following stocks rose or fell today. Symbols are in parentheses.

AudioCodes Ltd. (AUDC IT) fell to its lowest in more than a year, tumbling 8 percent to 10.58 shekels. The maker of technology to enable Internet phone calls cut its forecast.

Elbit Imaging Ltd. (EMIT IT) advanced to its highest level since Sept. 5, climbing 5.7 percent to 9.126 shekels. The investor in real estate and medical companies’ 76 percent-owned subsidiary S.C. Bucuresti Turism SA completed a 71.5 million euro ($95 million) refinancing of its Radisson Blu Hotel in Bucharest.

Koor Industries Ltd. (KOR IT) advanced to the highest since Aug. 15, gaining 5.4 percent to 36.47 shekels. The European Union’s antitrust commission cleared the sale of a stake in Makhteshim-Agan Industries Ltd. (MAIN IT) to China National Chemical Corp. Makhteshim gained 3.9 percent to 21.23 shekels, the highest level since June 2009.

Mazor Robotics Ltd. (MZOR IT) soared for a second day, climbing 13 percent to 3.979 shekels. The company that makes surgical robots said yesterday it sold two Renaissance spinal surgery systems in the U.S. and Germany.

RSL Electronics Ltd. (RSEL IT) increased for the first time since Sept. 21, gaining 2.3 percent to 1.773 shekels. The U.S. unit of the maker of military equipment received two orders from the U.S. army for a total of about $8 million.

Strauss Group Ltd. (STRS IT) fell for a second day, declining 1.8 percent to 44.19 shekels. The company that derives about a fifth of its revenue from dairy products said yesterday it will lower the price of some of its milk products 12 percent as a result of consumer protests.

--Editors: Claudia Maedler, Susan Lerner

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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