Thursday, January 19, 2012

Bethel Finance: Israel Stocks: Ampal-American, Danya Cebus, Africa-Israel, Xfone

Bethel Finance news:
Israel’s TA-25 Index advanced to the highest level in almost three months, gaining 0.5 percent to 1,138.64, at 1:03 p.m. in Tel Aviv. The measure has climbed 4.9 percent this year after dropping 18 percent in 2011.

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

Ampal-American Israel Corp. (AMPL IT), the owner of a stake in a company that exports gas from Egypt to Israel, advanced 3.6 percent to 1.70 shekels, the highest since Jan. 10. Globes reported gas supply from Egypt has been restored partially after flows to Israel were halted on Nov. 28 following an explosion on the Sinai pipeline network that delivers the fuel.

Can Fite Biopharma Ltd. (CFBI IT) rose for a second day, gaining 1.7 percent to 0.487 shekel. The biopharmaceutical company said 85 percent of patients in a Phase I/II clinical trial of its CF102 drug to treat liver cancer reacted positively.

Danya Cebus Ltd. (DNYA IT) surged the most since January 2009, soaring 29 percent to 15.02 shekels. Africa-Israel Investments Ltd. (AFIL IT) offered to buy the 27 percent it doesn’t already own of the construction services company for 14.50 shekels a share. Africa-Israel climbed 2.7 percent to 14.29 shekels, headed for the highest close since October.

Xfone Inc. (XFN IT) headed for the highest close since Dec. 19, rising 6 percent to 1.729 shekels, the equivalent of 45 cents, after the U.S.-traded shares soared 18 percent to 46 cents. The provider of long-distance and data services said yesterday it expects fourth-quarter FTTP, or Fiber-To-The Premise, revenue to increase 30 percent.

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