Israel Stocks: Can Fite, Delek, Israel Chemicals, Given, Ness
Israel’s TA-25 Index increased the most since Dec. 29, advancing 1.8 percent to 1,290.78 at the 4:30 p.m. close in Tel Aviv. Investors traded about 2.01 billion shekels ($569.7 million) in shares and convertible securities.
The following stocks rose or fell today. Symbols are in parentheses.
Can Fite Biopharma (CFBI) Ltd rose the most in a month, climbing 3.9 percent to 0.75 shekel. The biopharmaceutical company completed recruiting patients for two advanced trials of its liver disease drug CF102.
Danya Cebus Ltd. (DNYA) jumped the most since Oct. 3, surging 11 percent to 18.42 shekels. The construction unit of Africa-Israel Investments Ltd. (AFIL) reported 2010 net income soared to 91.3 million shekels ($26 million) from 1.9 million shekels in 2009. Africa-Israel increased 6.8 percent to 28.20 shekels.
Given Imaging Ltd. (GIVN) advanced the most in more than a week, rising 2.8 percent to 66.60 shekels. The maker of a capsule-sized camera for diagnosing digestive ailments said it won a patent-infringement lawsuit in Germany.
Israel Chemicals Ltd. (ICL) increased the most since Oct. 10, gaining 5 percent to 57.96 shekels. The company that extracts minerals from the Dead Sea to make fertilizer was reinstated with a “buy” recommendation at Bank of America Merrill Lynch with a price estimate of 69 shekels.
Nasvax Ltd. (NSVX) rose the most since Dec. 8, increasing 6.5 percent to 1.597 shekels. The developer of vaccines said a Phase 2a clinical trial of a treatment for fatty liver was successful.
Ness Technologies Inc. (NSTC) climbed for a fifth day, adding 3.3 percent to 21.10 shekels after the Israeli computer- services provider said it won a $5 million contract extension with toll-road operator Derech Eretz.
Nova Measuring Instruments Ltd. (NVMI) advanced to the highest in more than a week, gaining 3.5 percent to 33.72 shekels. The maker of measuring instruments for the semiconductor industry said it opened a new branch in South Korea to help with a growing installation base. The new branch will provide sales support to local customers.
Ratio Oil Exploration 1992 LP (RATIL) increased to the highest since March 10, rising 2 percent to 0.561 shekel. The oil explorer said it was informed by Noble Energy Inc. (NBL) that Pride North America started drilling at the Leviathan 2 site yesterday and that drilling is expected to go on for three months. Ratio partners, Delek Drilling-LP (DEDRL IT) and Avner Oil Exploration-L.P. (AVNRL IT) also advanced. Delek Drilling increased 1 percent to 12.8 shekels and Avner Oil rose 2.2 percent to 2.37 shekels.
Willy-Food Investments Ltd. (WLFD IT) rose the most in a month, gaining 5.2 percent to 20.20 shekels after G. Willi-Food International Ltd. in which the supplier of food products holds 52.8 percent according to Bloomberg data, reported fourth- quarter net income of 7.4 million shekels compared to 7.8 million in the same period a year earlier. “Looking forward, we are confident that we can deliver sales and profit growth in 2011,” The Israeli food importer president and chief executive officer Zwi Williger said in an emailed PR Newswire today.
To contact the editor responsible for this story: Claudia Maedler at email@example.com