The Tel Aviv Stock Exchange opened up this morning, influenced by the lower-than-projected March CPI and the relative quiet on the northern border. Nasdaq¿s Tuesday gains are also contributing to a 1% rise in leading indices.
TA-25 blue chips are now up 1.3% to 394 points, the TA-100 is up 1.1% to 380 points and tech shares are gaining 1.6% to 223.1 points. Turnover is NIS 18 million.
Teva (Nasdaq: TEVA) is climbing 1.8% on the session's highest turnover of NIS 16.6 million.
Both major banks are gaining with Bank Hapoalim up 1.1% and Bank Leumi up 0.9%.
Bezeq is trading up 1.4% while Partner Communications (Nasdaq: PTNR) is climbing 1.1%..
Ormat is tacking on 4.1% after announcing a winning bid to build a geothermic power station in Guatemala. Ormat estimates investment in the project a $15-25 million, with projected annual income of $10 million.IDB group shares are also moving north with IDB Holdings swelling 3.1%, IDB Development adding on 3.1% and Discount Investments seeing a 1.1% expansion. Clal Industries is up 0.9%.
Among dual listed shares, Magal is noteworthy, dropping 6.9% after opening with 7.8% negative arbitrage. In contrast, Elbit Systems is up 1.9% and Retalix 2.8%.
Avner and Delek Drilling's participation units are climbing 2.3% and 4.9% respectively. The two announced this morning that oil rig Southern Cross has its drilling destination yesterday and is now anchoring and stabilizing before beginning its drilling activities. Three additional drilling sites are planned in the Mary field.