Israel Stocks: Mellanox, Cellcom, Elad Canada, Eden Energy

TA-25 Index drops 0.6% to 1,225.31 at 4:30pm close in Tel Aviv.

ADVANCERS * Elad Canada (ELCN IT) +2.5% on 21 times 3-month avg daily volume; Tshuva’s Elad High bids for shares and options in co. * Eden Energy (EDN IT) +1%; co. says Yam 3 drilling started at Shemen/387 license

DECLINERS * Mellanox (MLNX IT) -5.9% to 264.5 shekels, lowest since Jul. 18 ($69.32) ** U.S.-traded shrs -5% yday to $69.27 on speculation Intel is closer than expected to sell competing product to Mellanox’s InfiniBand technology * Cellcom (CEL IT) -2.8% to 36.95 shekels ($9.64); U.S.-traded shrs -2.8% to $9.63 yday

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at

To contact the editor responsible for this story: Alaa Shahine at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.