Negative European trading and the profit taking already started on TASE is taking leading indices down more than 0.5% midday Monday, in spite of their early morning 0.5% gains.

The Maof-25 is now down 0.9%. The TA-100 is losing 0.8%, while the Tel Tech 15 is gaining 0.02% on total turnover of NIS 120 million.

Elbit Systems (Nasdaq:ESLT) is rising 0.7% 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.

Teva Pharmaceuticals (Nasdaq:TEVA) is gaining 1.1%, on the usual highest turnover on the floor of NIS 17.4 million.

TST Recommends

The star of the day is biotechnology firm Compugen (Nasdaq:CGEN), which is today launching its local trade. The share is now leaping 15.8% on NIS 428,000 turnover. In the red are the Isramco units, down 12.5% on turnover of NIS 4.5 million.

The two big banks are posting drops. Bank Hapoalim is losing 0.2%, and Bank Leumi is sinking even deeper, down 1.6%.

IDB group shares are also weakening. IDB Holdings is losing 2.4%, and IDB Development is also shedding 2.2%. Clal Industries is losing 1.3%, and the Israel Discount Corporation is slipping 2.2%, in spite of a Buy rating from Bank Hapoalim this morning, and a price atrget of NIS 178, 17% higher than its market price, set for it by analyst Rakefet Levinson..

Koor Industries (Nasdaq:KOR) is dipping 0.9%, while its subsidiary Makhteshim Agan is losing 1.6%.

Hebrew language portal Walla is climbing 3%, making for a total rise of 47% since the beginning of 2002.