Tel Aviv stocks opened up a strong 0.6%, which has slowed to a 0.2% rise in the past hour..
The Maof-25 index of blue chips is up 0.2% to 471.8 points, and the TA-100 index edging up 0.3% to 453,6 points. Technology shares are up 0.4%. Total turnover is low at NIS 16 million.
Teva Pharmaceuticals (Nasdaq:TEVA) is up 0.1% on the session¿s biggest turnover, NIS 3.8 million.
Agrochemicals firm Makhteshim Agan is gaining 1.2%. Yesterday, Makhteshim Agan dropped 4.1% after announcing it will take a $15 million to $22 million charge on the decreased value of its Argentinean associates. Today, Bank Hapoalim Analyst Rakefet Levison-Apter reiterated her Buy rating for the company, setting a price target of NIS 10.2, 18% above the market. But the analyst raised the stock's risk rating.
Makhteshim Agan's parent company Koor Industries (NYSE:KOR) is rising 0.3%.
Bank Hapoalim is down 0.2% after rising 1% right at opening, and Bank Leumi is up 0.8%.
Communications stocks are trading mixed. Bezeq phone company is up 0.7% on NIS 1.7 million turnover, and Partner Communications (Nasdaq, TASE:PTNR, LSE:PCCD) is off 1.2%.