TASE closed in black Monday after one day slide - TheStreet

TASE closed in black Monday after one day slide

Convertible bonds rallied this session, boosting Supersol throughout the day
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After a day in the red, the TASE recovered again today, and closed a relatively calm session on the rise.

The Maof-25 climbed 0.46%, the TA-100 headed north 0.35%, but the Tel-Tech shed 0.3%. Total turnover was a relatively low NIS 165 million.

Convertible bonds were again the focus of much attention, and closed at unusually high turnover. Jerusalem Economic Corporation's B series bond rose 0.1% on NIS 12.3 million turnover on sales by its subsidiary HL Financing and Issuing.

Alony Hetz Properties and Investments B series convertible bond lost 0.7% on high NIS 5.2 million turnover. Yesterday the bond also traded at high NIS 5.2 million turnover, as today is its ex-date for interest payments.

Communication sector stocks were mixed. While Bezeq gained 1.2% on NIS 5.5 million turnover, Partner Communications (Nasdaq:PTNR) dipped 0.8%.

Teva Pharmaceuticals (Nasdaq:TEVA) rose 0.6% on the highest turnover on the floor of NIS 15 million.

Supersol gained 1% after last night raising NIS 400 million in a bond issue.

The two big banks also posted mild climbs at closing. Bank Hapoalim rose 0.2%, and Bank Leumi did the same.

Isramco climbed 3.9% on NIS 1 million turnover, a late response of investors to its announcement last week both the company and its partners received 30-year custody of the drilling site Med Ashdod from the Ministry of Infrastructures.

IDB group shares were also in the black. IDB Holdings closed up 0.4%, and IDB Development gained 0.2%. Discount Investment Corporation also rose 1%, but Clal Industries dipped 0.8%.

Makhteshim Agan gained 0.2%, while its bond climbed 1.75. Its parent company Koor Industries (Nasdaq:KOR) gained 1%.

Dual-listed shares closed mixed with a downward bias. Elbit Systems (Nasdaq:ESLT) closed up 0.2%, and Elbit Medical Imaging (Nasdaq:EMITF) gained 3.1%. Elron Electronic Industries (Nasdaq:ELRN) lost 0.8%, and Nice Systems (Nasdaq:NICE) shed 1.3%.

Elbit (Nasdaq:ELBT) slipped 1.5% on anticipated $4 million write off when startup Cell Data closes its doors.