Turnover on the TASE is a slim NIS 75 million mid session Tuesday, as leading indices are following the last night's negative Nasdaq trend.
The Maof-25 is down 0.67%, the TA-100 is losing 0.64% and the Tel Tech is shedding a heftier 1.35%. Dual-listed shares opened mixed despite Wall Street's negative close last night.
Teva Pharmaceuticals (Nasdaq:TEVA) is rising 0.4% on NIS 14 million 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 0.8% today, as Magal Security Systems (Nasdaq, TASE:MAGS) is gaining 1.1%.
Partner Communications (Nasdaq:PTNR)is recovering from its 4.5% plunge yesterday with a 1.2% rise on NIS 2.7 million turnover. It appears Polar Communications, whose stake in Partner today is 3%, was the reason for the drops yesterday. The company sold NIS 19.7 million worth of Partner shares on and off the market, and is now rising 3.3% on low turnover, following the capital gain of NIS 19 million due to the sale.
Team Computers is rising 3.5% on high NIS 2 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 4.6%, following on 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.