Sun: Dual listed shares jump

The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 Index rose 0.2% to 1,338.22 points, the Tel Aviv 100 Index rose 0.3% to 1,247.92 points, and the Tel-Tech Index rose 0.64% to 261.86.86 points. Turnover was NIS 1.6 billion.

Healthcare company Perrigo Company (Nasdaq:PRGO; TASE:PRGO) rose 2.1%, without specific news from the company.

Israel Chemicals Ltd. (TASE: ICL) also rose , by 1.4%, without specific news.

Several dual-listed shares jumped today. Magic Software Enterprises Ltd. (Nasdaq: MGIC; TASE: MGIC) rose 10.8%, Sapiens International NV (Nasdaq: SPNS; TASE: SPNS) rose 12.4%, and Compugen Ltd. (Nasdaq: CGEN; TASE: CGEN) added 12.7%.

Eldav Investment Ltd. (TASE: ELDAV-L) rose 15.1% on the sale of its Medtechnica subsidiary to Ilex Medical Ltd. (TASE:ILX) for NIS 190 million.

Delek Real Estate Ltd. (TASE: DLKR fell 0.8% after reporting the sale of an asset in Zurich.

Gas explorers fell today. Avner Oil and Gas LP (TASE: AVNR.L) fell 1.5%, Delek Drilling LP (TASE: DEDR.L) fell 0.8%.

In the bond market, long-term Shahar unlinked government bonds fell by up to 0.1%, and long-term Galil CPI-linked bonds rose by up to 0.2%. The corporate bond benchmark Tel-Bond 60 Index rose 0.3%.

Published by Globes [online], Israel business news – www.globes-online.com – on January 16, 2011

Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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