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Israel Stocks: Bezeq, Elbit, Hot, Mazor, Mellanox and Perrigo

June 13 (Bloomberg) -- Israel’s benchmark TA-25 Index declined for a second day this week, sliding 1.6 percent to 1,062.40 at the 4:30 p.m. close in Tel Aviv. Investors traded 1.06 billion shekels ($273 million) of shares and convertible securities, according to bourse data.

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

Elbit Systems Ltd. (ESLT IT) gained 0.8 percent to 134.6 shekels, the highest in more than two weeks. Israel’s largest non-governmental defense company said a unit received a seven-year contract for $80 million from Boeing Co. for the supply of structural components.

Hot Telecommunication System Ltd. (HOT IT) a provider of Internet, fixed-line and cable television, retreated 5.2 percent, the most since May 23, to 35.02 shekels. The Ministry of Communications confirmed a report that it may allow a third multi-channel television operator. Bezeq Israeli Telecommunication Corp. (BEZQ IT), which also provides television services, retreated 5.5 percent to 4.3 shekels, the lowest since May 24.

Mazor Robotics Ltd. (MZOR IT) advanced 6 percent, the most since April 11, to 4.236 shekels. The developer of surgical robots received regulatory approval to market its Renaissance spinal surgery guidance system in South Korea.

Mellanox Technologies Ltd. (MLNX IT) rose 1 percent to 251.6 shekels, or the equivalent of $64.84. The New York-traded stock of the Yokneam Elit-based developer of technology used to transfer and store data closed at $65.37 yesterday.

Perrigo Co. (PRGO IT) climbed 1 percent to 420.9 shekels, or the equivalent of $108.47, the highest on record. Shares of the largest U.S. generic over-the-counter drugmaker advanced 2.6 percent to $109.66 in New York yesterday.

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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