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- Trading on the Tel Aviv Stock Exchange in the second trading week of December was marked by declines in prices in all leading share indices;
- The Israeli pharmaceutical giant company "Teva", whose shares are traded on both the TASE and on the NASDAQ, raised US$ 6.75 billion in a share offering in the US;
- Further offerings in the bond market - the foreign real estate company "Urbancorp" made an initial bond offering on the TASE
TA-25 index
The TA-25 index decreased over the last week 1.8%and increased 4.7%since the beginning of the year, after an increase of 10.2% for the whole of 2014.
TA-100 index
The TA-100 index decreased over the last week 2.0%and increased 2.4%since the beginning of the year, after an increase of 6.7% for the whole of 2014.
TA-Biomed
The TA-Biomed index decreased this week by 8.0%.Since the beginning of the year the index decreased by25.6%, after a decrease of 33.9% in 2014.
Share Offerings
The pharmaceutical giant company "Teva" , whose shares are traded also on the NASDAQ, raised US$ 6.75 billion in a share public offering in the US, with the aim of financing the acquisition of the generic activity of the pharmaceutical company "Allergan".
About half of the amount was raised by issuing ordinary stock, and the other half was raised by issuing preference shares (not quoted).
Since the beginning of the year, dual-listed companies raised a total of US$ 8 billion through offerings and private placements of shares overseas.
This week there was one rights offering of shares on the TASE amounting to US$ 4 million, by the biomed company "Exalenz Bioscience".
Since the beginning of the year, the business sector has raised US$ 1.2 billion through shares on the TASE.
Government Bonds
The Ministry of Finance (MoF) made a bond offeringthis week listed on the TASE, amounting to US$ 0.2 billion.
Since the beginning of the year, the MoF raised a total of US$ 9.6 billion in bond offerings on the TASE.
Foreign Investors
The Bank of Israel released figures this week indicating that in October foreign investors acquired a net US$ 45 million in shares listed on the TASE, with net acquisitions totaling US $1.5 billion since the beginning of 2015.
In addition, in October, foreign investors acquired US$ 40 million in government bonds, with net acquisitions of bonds totaling US$ 600 million since the beginning of 2015.
Foreign investors disposed of US$ 460 million in Israeli T-bills in October, with net disposals totaling US $760 million since the beginning of 2015.
Corporate Bonds
This week there were four bond offerings on the TASE by the business sector, totaling US$ 293 million:
US$ 46 million were raised by the foreign real estate company "Urbancorp" in an initial bond offering on the Tel-Aviv Stock Exchange,
US$ 183 million were raised by"Migdal Capital Insurance" in a second offering this year,
and US$ 32 million each were raised by the real estate companies "Jerusalem Economy" and "Adgar Investments".
Since the beginning of the year, the business sector raised US$ 14.5 billion through bonds on the TASE.
Sector Indices
WEEK 2015
TA Tech-Elite -5.3% 1.0%
TA Banks -0.3% 7.7%
TA Real
Estate-15 -2.0% 4.2%
Foreign Exchange
WEEK 2015
Dollar/NIS 0.3% -0.6%
Euro/NIS 1.0% -10.3%
Facts & Figures
The Tel-Aviv Stock Exchange features in November 2015:
- 461 companies listing equities.
- 640 Exchange Traded Notes.
- 33 series of government bonds.
- 63 Series of Institutional bonds.
- 604 series of corporate bonds.
- 1,370 mutual funds.
- Market Cap. (US$ billions)
- Equities - 237
- Government bonds - 130
- Corporate bonds - 84
