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Trading on the Tel Aviv Stock Exchange (TASE) during the second week of 2015 was characterized by a decline in most of the leading share indices.
There were continued declines in telecommunications shares
TEL AVIV, Israel, Jan 15, 2015
TA-25
The TA-25 index decreased 0.4% over the week, and decreased 0.1% since the beginning of the year, after an increase of 10% for the whole of 2014.
TA-100
The TA-100 index decreased 0.7% over the week, and decreased 0.5% since the beginning of the year, after an increase of 6.7% for the whole of 2014.
TA-Com
The TA-Com index decreased 3.3% over the week and decreased 9.5% since the beginning of the year, after an increase of 10% for the whole of 2014.
Share Offerings
This week there was one share offering by a biomed company amounting to US $0.5 million. Since the beginning of the year, two biomed companies raised US $0.9 million through share offerings to the public.
In 2014 the business sector raised US $2.1 billion through shares on the TASE.
Corporate Bonds
This week there were three corporate bond offerings to the public amounting to US $330 million. This week the largest offering was made by First International Bank amounting to US $173 million.
Since the beginning of the year companies raised US $523 million through share offerings to the public, of which 70% of the amount by the banks.
For the whole of 2014 the business sector raised US $16.1 billion through bonds, of which US $5.8 billion on the "TACT Institutional" system.
Government Bonds
The Ministry of Finance (MoF) made a bond offering this week listed on the Tel-Aviv Stock Exchange for US $0.2 billion.
In 2014 the MoF raised US $14.5 billion in bond offerings on the TASE
Dual Listed Company – "Kenon Holdings"
On Sunday, 11.1.2015, trading commenced on the TASE in the shares of "Kenon Holdings" – a foreign investment company that split off from the TASE listed company "The Israel Corporation" and its shares are traded in the US on the NYSE from 6.1.2015.
The company's shares were added to the TA-25 and TA-100 indices in the TA-Universe with the beginning of trading on 11.1.2015
Currently 44 dual listed companies are traded on the TASE whose shares are also traded in the US or in Europe, and there are also 4 companies whose shares are traded also overseas but not under a dual listing.
Sector Indices
|
|
WEEK
|
2015 |
|
TA Bluetech |
-0.3% |
1.0% |
|
TA Banks |
-0.2% |
-0.4% |
|
TA Real Estate-15 |
2.8% |
2.2% |
Foreign Exchange
|
|
WEEK
|
2015 |
|
Dollar/NIS |
-1.5% |
0.3% |
|
Euro/NIS |
-2.2% |
-3.3% |
|
|
|
|
Facts & Figures
The Tel-Aviv Stock Exchange features in December 2014:
- 473 companies listing equities.
- 591 Exchange Traded Notes.
- 31 series of government bonds.
- 75 Series of Institutional bonds.
- 607 series of corporate bonds.
- 1,330 mutual funds.
- Market Cap. (US$ billions)
o Equities - 201
o Government bonds – 128
o Corporate bonds – 80
