Bloomberg News

Israeli Stocks: Bank Leumi, Teva, Africa-Israel, Suny Electronic

January 03, 2012

Jan. 2 (Bloomberg) -- Israel’s TA-25 Index gained for a second day, climbing 0.8 percent to 1,107.55 at the 4:30 p.m. close in Tel Aviv. The measure dropped 18 percent last year. Investors traded about 932 million shekels ($244 million) of shares and convertible securities, according to bourse data.

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

Africa-Israel Investments Ltd. (AFIL IT) climbed for a second day, advancing 9 percent to 13.11 shekels, bringing the two day surge to 14 percent. The holding company of billionaire Lev Leviev said yesterday it would buy back bonds for as much as 1 billion shekels during 2012.

Bank Leumi Le-Israel Ltd. (LUMI IT) increased 1.4 percent to 11.30 shekels, the highest level since Dec. 27. Israel’s largest lender by assets said Chief Executive Officer Galia Maor will step down in the second quarter after 16 years as one of the nation’s most prominent female business leaders.

Suny Electronic Ltd. (SUNY IT) soared to the highest in almost a month, rising 15 percent to 10.59 shekels. The shares have surged 35 percent in two days, bringing the company’s market value to 326 million shekels. The importer of mobile phones said shareholder Ilan Ben Dov acquired shares and bonds.

Teva Pharmaceutical Industries Ltd. (TEVA IT) gained 3.3 percent, the biggest jump since Nov. 3, to 160.60 shekels. The world’s largest maker of generic drugs said Jeremy Levin, a former executive at Bristol-Myers Squibb, will replace Chief Executive Officer Shlomo Yanai.

--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


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus