Israeli Stocks: Ashdar Building, Maytronics, Nitsba Holdings
Israel’s TA-25 Index dropped to the lowest level since November, retreating 1 percent to 1,253.21 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.58 billion shekels ($443 million) in shares and convertible securities.
The following stocks rose or fell today. Symbols are in parentheses.
Ashdar Building Co. (ASDR IT) gained the most in almost two weeks, advancing 1.6 percent to 1.555 shekels. The real-estate company said it sold 16 apartments for 30 million shekels in a three month period.
Incredimail Ltd. (MAIL) jumped 3 percent, the most in three weeks, to 27.27 shekels. The digital-media company that builds downloadable consumer products said fourth-quarter revenue rose to $7.8 million from $7.5 million. It also set a dividend of 40 cents a share.
Maytronics Ltd. (MTRN) increased the most since Feb. 16, climbing 2.3 percent to 3.076 shekels. The maker of pool- cleaning equipment signed an agreement in principle to form a new unit to sell its products in Australia.
Nitsba Holdings 1995 Ltd. (NTBA) advanced to the highest this month, rising 3.8 percent to 34.30 shekels. Leader Capital Markets Ltd. initiated the developer of commercial real estate with a “buy” recommendation and a price estimate of 48 shekels.
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