Bloomberg News

Israel Stocks: Mellanox, Cellcom, Elad Canada, Eden Energy

December 04, 2012

TA-25 Index drops 0.6% to 1,225.31 at 4:30pm close in Tel Aviv.

ADVANCERS * Elad Canada (ELCN IT) +2.5% on 21 times 3-month avg daily volume; Tshuva’s Elad High bids for shares and options in co. * Eden Energy (EDN IT) +1%; co. says Yam 3 drilling started at Shemen/387 license

DECLINERS * Mellanox (MLNX IT) -5.9% to 264.5 shekels, lowest since Jul. 18 ($69.32) ** U.S.-traded shrs -5% yday to $69.27 on speculation Intel is closer than expected to sell competing product to Mellanox’s InfiniBand technology * Cellcom (CEL IT) -2.8% to 36.95 shekels ($9.64); U.S.-traded shrs -2.8% to $9.63 yday

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

To contact the editor responsible for this story: Alaa Shahine at asalha@bloomberg.net


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