Tel Aviv stocks are posting mild gains at Monday mid-day. The session opened with 0.6% gains, which were moderated due to losses in Europe.
The Maof-25 index of blue chips is almost unchanged at 471.3 points, and the TA-100 index is edging up 0.2% to 453.1 points. Technology shares are up 1%. Total turnover is low at NIS 89 million.
Teva Pharmaceuticals (Nasdaq:TEVA) is up 0.3% on the session's largest turnover, NIS 10.2 million.
Agrochemicals firm Makhteshim Agan is gaining 1.3%. 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 0.4%, after losing 1% earlier.
Mizrahi Bank is off 0.9%. Today Ma'ariv reported the bank's board will convene today to discuss the replacement of Chairman Aviram Wertheim, who was to step down several months ago.
Bezeq phone company is up 0.8% on NIS 7.7 million turnover. In recent months the commercial banks and businessman Gad Zeevi sold on the Tel Aviv Stock Exchange Bezeq shares for NIS 11.1 million. Israel's seven big banks provided Zeevi loans worth $650 million to buy a 20% stake in Bezeq.
Migdal Insurance is up 0.5%, and Clal Insurance is rising 0.6%. The two companies today announced the cancellation of two class action suits filed against them in 2000. The lawsuits related to premium fees for risk insurance under executive insurance policies.
Dual-listed shares are trading mixed with a positive bias. Elbit Systems (Nasdaq:ESLT) is rising 0.9%, Retalix (Nasdaq:RTLX) is up 0.8%, and Elbit Medical Imaging (Nasdaq:EMITF) is climbing 1.5%. Formula Systems (Nasdaq:FORTY) is trading unchanged, while Nice Systems (Nasdaq:NICE) is down 0.5%. Partner Communications (Nasdaq, TASE:PTNR, LSE:PCCD) is off 2%.
Bank Hapoalim and Bank Leumi are each down 0.1%, and Bank Discount is down 0.2%.
TEAM Computers is up 7.8% on unusual turnover of NIS 1.1 million.