Israel Stocks: Ampal-American, Brainsway, Given, Harel, Teva

Israel’s TA-25 Index gained for a second day, advancing 1 percent to 1,250.36 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1 billion shekels ($288 million) in shares and convertible securities.

The following stocks rose or fell today. Symbols are in parentheses.

Ampal-American Israel (AMPL) Corp dropped to the lowest in almost two weeks, retreating 3.3 percent to 4.135 shekels. The owner of a 12.5 percent stake in East Mediterranean Gas Co. said its series A, B and C bonds were lowered to Baa3 from Baa1 with a negative outlook and were removed from “watchlist” at Moody’s Midroog.

Brainsway Ltd. (BRIN) slumped 8 percent, the most since August 2009, to 29.10 shekels. The maker of devices to treat neurological disorder expects to price a planned U.S. offering of 1 million shares at $9 to $11 each. The shares are being sold with warrants. The company previously planned to sell 1.8 million shares for between $10 and $12 each.

Given Imaging Ltd. (GIVN) soared 9.6 percent, the most since October 2009, to 76.08 shekels. The U.S.-traded shares of the maker of pill-sized cameras for diagnosing digestive ailments jumped 11 percent in the two days through May 27 while markets in Israel were closed for the weekend.

Hadera Paper Ltd. (HAP) rose 2.2 percent to 251.40 shekels, the highest level since May 17. The maker of paper and paper products filed a shelf prospectus covering ordinary shares, debt securities and warrants.

Harel Insurance Investments & Financial Services Ltd. (HARL) jumped the most since Feb. 6, adding 4.2 percent to 185.10 shekels. First-quarter results were “excellent relative to” other insurers, according to Meir Slater, an analyst at DS Securities & Investments Ltd. Net income fell to 109.6 million shekels from 181.5 million shekels, Harel said today.

Ratio Oil Exploration 1992 LP (RATIL) (RATIL) tumbled 7 percent to 0.373 shekel, the lowest since September. Israel’s Ministry of National Infrastructures ordered a halt to drilling at the Leviathan natural gas-field in which Ratio has a 15 percent stake. Avner Oil Exploration-LP, a partner in the project, lost 2.6 percent to 2.045 shekels. Delek Drilling-LP, another partner, retreated 2.8 percent to 11.47 shekels.

Sunflower Sustainable Investments Ltd. (SNFL) slid 7 percent to 9.149 shekels, the lowest since October 2009. The developer of photovoltaic solar energy projects said it will lower the value of its Spain project on its books by 16 million shekels.

Teva Pharmaceutical Industries Ltd. (TEVA) climbed the most since May 12, advancing 2.5 percent to 174.80 shekels. The U.S. Food and Drug Administration approved the world’s largest maker of generic drugs’ version of Viiv Healthcare Co.’s Combivir tablets to treat HIV.

To contact the reporter on this story: Susan Lerner in Jerusalem at slerner2@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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