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Israel Stocks: Nice Systems, Modiin, Isramco Negev 2

April 15 (Bloomberg) -- Israel’s TA-25 index declined 1.8 percent to 1,110.48 at the 4:30 p.m. close in Tel Aviv, the lowest level since March 20. Investors traded about 822 million shekels ($219 million) of shares and convertible securities, according to bourse data.

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

ITGI Medical Ltd. (ITGI IT) surged 97 percent, the most since April 2009, to 0.14 shekel, giving the company a market value of 16 million shekels ($4.27 million). The bio-medical company said it completed the development of a new series of stents for which it got the European CE Mark quality permit.

Isramco Negev 2 LP (ISRAL IT), the gas and oil explorer, declined 2.7 percent, the most since March 28, to 0.508 shekel. Investors in the company, which is a partner in the Tamar gas field, participated in a rights offering of around 200 million shekels ($53.4 million).

Nice Systems Ltd. (NICE IT) declined 3.1 percent, the most since Dec. 18, to 141.70 shekels, or the equivalent of $37.81. The U.S. shares of the Israeli maker of analytical telecommunications software dropped 1.8 percent to $38.30 in New York on April 13.

Modiin-LP (MDINL IT) advanced 2.3 percent to 0.361 shekel, the highest level since March 13. The Israeli oil and natural gas company signed an agreement with Isramco Negev 2 LP to buy 10 percent of the Shimshon/332 license.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

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

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