Archive: 9/12/2013
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News Brief

  9/12/2013, Tishrei 8, 5774

EZ Chip Dive Ruins Otherwise Positive End to Stock Week


The Tel Aviv Stock Exchange ended the trading week, Thursday, with modest losses in mixed trading. The TA Composite Index closed at 1,100.51, down .26 percent from Wednesday's close, while the TA 100 declined .27 percent to 1,094.62 despite a gain of two tenths of a percent to 1,202.81 by the TA 25 most-widely invested issues. The stocks outside the TA 100 stood at 1,040.81, up .23 percent.

Leading the gainers was the bank index, which rose .99 percent to 1,162.58 as the financial institutions finished the day at 1,140.45, up .59 percent, including an advance of .11 percent to 1,393.35 by the insurance issues. The oil and natural-gas stocks stood at 1,208.52, up .35 percent, and the real-estate index rose .14 percent to 351.81, while the communications issues stood at 692.87, up .02 percent.

With EZ Chip plunging 20.71 percent on fears of what the Globes business publication called a new product by Cisco, most of the technology stocks fell an average of 2.72 percent to 319.01, while the biomed issues lost .41 percent to 692.87.