Bloomberg News

Israel Stocks: Hot, Bezeq, Elbit, Hot, Mellanox, Mazor, Perrigo

June 13, 2012

Israel’s benchmark TA-25 Index (TA-25) declined for a second day this week, sliding 0.3 percent to 1,077.05 at 1:36 p.m. in Tel Aviv.

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

Elbit Systems Ltd. (ESLT) headed for the highest close since May 16, gaining 1.4 percent to 135.3 shekels. Israel’s largest non-governmental defense company said a unit received a seven-year contract for $80 million from Boeing Co. for the supply of structural components.

Hot Telecommunication System Ltd. (HOT) a provider of Internet, fixed-line and cable television retreated 3 percent, the most since May 24, to 35.84 shekels. The Ministry of Communications confirmed a report that it may allow a third multi-channel television operator. Bezeq Israeli Telecommunication Corp. (BEZQ) , which provides television services through Yes, retreated 2.2 percent to 4.45 shekels.

Mazor Robotics Ltd. (MZOR) advanced 6.1 percent in intraday trading to 4.24 shekels, the highest level since May 17. The developer of surgical robots received regulatory approval to market its Renaissance spinal surgery guidance system in South Korea.

Mellanox Technologies Ltd. (MLNX) advanced 3.1 percent to 256.8 shekels, or the equivalent of $66.2, headed for the highest level on record. The New York-traded stock of the Yokneam Elit-based developer of technology used to transfer and store data closed at $65.37 yesterday.

Perrigo Co. (PRGO) advanced 1.7 percent to 423.8 shekels, or the equivalent of $109.25. Shares of the largest U.S. generic over-the-counter drugmaker advanced 2.6 percent to $109.66 in New York yesterday.

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


Silicon Valley State of Mind
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus