Europe ,Nasdaq lift Tel Aviv stocks Monday

Green Venture Capital leaped 23%, possibly on repurchasing by controlling shareholder Yitzhak Tshuva
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Gains on European markets and at Nasdaq opening boosted Tel Aviv stocks to 0.8% gains on Monday. But the session was dull, with stocks slowly crawling up from opening gains of 0.5%.

The Maof-25 index of blue chips climbed 0.8% to 407.7 points, and the TA-100 index closed up 0.6% to 387.8 points. Technology shares gained 1.2%. Total turnover was low at NIS 151 million.

Green Venture Capital stood out with a 22.8% leap on unusual turnover of NIS 2 million. Market players believe Yitzhak Tshuva, who controls the company, has been accumulating stock.

Food manufacturer Elite Industries closed down 5.6% after today releasing poor Q3 results. The company posted NIS 2 million profit, compared with NIS 33.3 million in the same period last year. Revenue decreased by 2.2% against the parallel quarter to NIS 509 million.

Agrochemicals firm Makhteshim Agan Industries closed off 0.1% on the session's biggest turnover of NIS 33.7 million as investors continue to frown on its anticipated bonds offering.

Lipman Electronic Engineering climbed 4.7% after yesterday reporting strong results for Q3. Net profit for Q3 rose by 82% against the parallel, to NIS 14.9 million. Yesterday, shares closed up 5%.

Mizrahi Bank gained 0.8%. Today Ma'ariv reported that advocate Yehiel Borochoff is negotiating on behalf of a group of investors to acquire the holdings of the Feinberg family in the bank. Bank Hapoalim rose by 1.9%, Bank Leumi closed up 0.8%, and Bank Discount closed down 0.1%.

Air-conditioning firm Electra Consumer Products dropped 3.4% after releasing a disappointing report for Q3.

Teva Pharmaceuticals (Nasdaq:TEVA) closed up 0.1% on hefty turnover of NIS 23.2 million.

Elbit Systems (Nasdaq:ESLT) climbed 1.7%, Nice Systems (Nasdaq:NICE) gained 2.2%, and Formula Systems (Nasdaq:FORTY) closed up 1.7%. Matav Cable Systems (Nasdaq:MATV) closed up 4.7%.

IDB Holding Corporation climbed 1.4%, IDB Development Corporation closed up 0.1%, and Clal Industries gained 0.7%. Discount Investments closed with 1.3% gains.

Suny Electronic jumped 6.4%, bringing its gain over 10 days to 42%.

Participation units of oil exploration company Isramco gained 1.8% on NIS 4.7 million turnover.

Baran Group closed down 4.9% on NIS 4.1 million.