Israel Stocks: Israel Corp., Ormat, EZchip, Nice Are Active
Israel’s TA-25 index advanced the most in a week, gaining 0.5 percent to 1,084.75 at the 4:30 p.m. close in Tel Aviv. Investors traded about 622 million shekels ($164 million) of shares and convertible securities, according to bourse data.
The following stocks rose or fell today. Symbols are in parentheses.
EZchip Semiconductor Ltd. (EZCH) surged 4.9 percent to 162.30 shekels, or the equivalent of $42.78, the highest close since Bloomberg began tracking the stock in 2002. The technology company’s U.S-traded stock rose 1.5 percent to $42.87 in New York on March 9.
Israel Corp. (ILCO) jumped the most since Feb. 20, increasing 2.9 percent to 2,325 shekels. An increase in freight rates may help the holding company’s shipping unit Zim Intergrated Shipping Services Ltd. negotiate a debt settlement, TheMarker reported today.
Nice Systems Ltd. (NICE) rose to the highest since November 2007, climbing 5.1 percent to 139.30 shekels, or the equivalent of $36.71. The U.S.-traded stock of the maker of analytical telecommunications software increased 3.3 percent to $37.03 in New York on March 9.
Ormat Industries Ltd. (ORMT) advanced 2.4 percent to 16.93 shekels, the biggest gain since Feb. 26. The developer of geothermal power plants said its controlling shareholder was in advanced talks to sell part of its stake to Fimi Opportunity Funds.
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