Turnover on the TASE is a slim NIS 35 million Tuesday morning, as leading indices are following the negative Nasdaq trend of last night.
The Maof-25 is down 0.98%, the TA-100 is losing 0.77% and the Tel Tech is shedding a similar 0.71%.
Dual-listed shares are opening mixed despite Wall Street's negative close last night.
Teva Pharmaceuticals (Nasdaq:TEVA) is rising 0.7% on NIS 2.5 turnover, the highest on the floor this morning. The rise is in spite of a small 0.2% opening arbitrage gap.
Compugen (Nasdaq:CGEN), a newcomer to Tel Aviv, is down 5.8%. AudioCodes (Nasdaq:AUDC) is losing 5% and Nice Systems (Nasdaq:NICE) is slipping 2.7%.
Unlike them, Elbit Systems (Nasdaq:ESLT) is climbing 1.1% today, as is Magal Security Systems (Nasdaq, TASE:MAGS).
Makhteshim Agan is slipping 0.7% after recovering twice as much yesterday. UBS Warburg analyst Stephen Levey yesterday dropped the company's target price to NIS 10.7 from NIS 13.1, still 22% higher than its market price. He however kept its Buy rating intact.
Team Computers is rising 4.6% on high NIS 1.5 million turnover. Its subsidiary TTI leaped 12% last night on estimates it beat Hewlett Packard in a $100 million cellular tender from cellular operator Hutchison.
Electronics Line is climbing 4.2% this morning, following its announcement of an agreement to supply NIS 35 million to NIS 56.7 million worth of security systems to one of its bigger Scandinavian customers. The systems are to be supplied over the next three years, with the first year sales target being NIS 8.7 million to NIS 14 million.