Leading TASE indices closed mixed at the end of a nervous session, having zigzagged throughout the day due to the unpredictable behavior of investors. The Maof-25 closed down 0.01%. The TA-100 is lost 0.24%, while the Tel Tech 15 gained 0.62% on total turnover of NIS 355 million.
Teva Pharmaceuticals (Nasdaq:TEVA) gained 1.7%, on the usual highest turnover on the floor of NIS 48.5 million. The share was rated a Strong Buy by CFSB investment bank, which set its target price at $76, 20% above its market price.
Elbit Systems (Nasdaq:ESLT) rose 1.4% after the company this morning reported several contracts, totaling $80 million, signed with the Brazilian government and Amber Air International, the manufacturer of the ALX planes, are now in effect.
The star of the day was biotechnology firm Compugen (Nasdaq:CGEN), which today launched its local trade. The share leaped 6.5% on a high NIS 2.1 million turnover. Hebrew language portal Walla also soared 16.2%, making for a total rise of 65% since the beginning of 2002.
In the red today were the Isramco units, down 15.6% on turnover of NIS 12.5 million. The partnership gathered for a meeting this afternoon to decide whether to continue test drilling in its Nordan 1 site. At the end of the session, the company announced it would not go ahead with the drilling.
The two big banks were mixed this session. Bank Hapoalim gained 1%, while Bank Leumi dipped 1.1%. IDB group shares weakened immensely. IDB Holdings lost 1.1%, and IDB Development shed a similar 1.2%.
Clal Industries lost 0.5%, and the Israel Discount Corporation slipped 1.3%, in spite of a Buy rating from Bank Hapoalim this morning, and a price target of NIS 178, 17% higher than its market price, set for it by analyst Rakefet Levinson. Koor Industries (Nasdaq:KOR) climbed 0.4%, while its subsidiary Makhteshim Agan lost 0.8%.
Lipman rose 2.5% on NIS 4.4 million turnover, after announcing a new $5 million U.S. contract to install 4,400 ATMs in FD stores. This is a first order, said the company, which might grow to $15 million.