Trading on the Tel Aviv Stock Exchange (TASE) during the last week of February ended up for all leading TASE indices; 6 new ETNs were issued on international share indices.
The TA-25 index increased 2.2% over the week and increased 3.6% since the beginning of the year, after an increase of 10.2% for the whole of 2014.
The TA-100 index increased2.5% over the week and increased 4.3% since the beginning of the year, after an increase of 6.7% for the whole of 2014.
The TA-Biomed index increased6.0% over the week and increased 17.8% since the beginning of the year, after a decrease of 34% for the whole of 2014.
This week six new ETNs were issued on international share indices.
Currently there are 616 ETNs traded on the TASE.
This week there were two share offerings to the public by technology companies and a rights issue by a bio-med company amounting to US $8 million.
Since the beginning of the year, the business sector raised US $320 million in the share market on the TASE.
In 2014 the business sector raised US $2.1 billion through shares on the TASE.
This week there were two bond offerings by the business sector amounting to US $220 million, of which US $208 were raised by Delek Group.
Since the beginning of the year, the business sector raised US $2.5 billion through bond offerings.
In 2014 the business sector raised US $16.1 billion through bond offerings on the TASE.
The Ministry of Finance (MoF) made a bond offering listed on the Tel-Aviv Stock Exchange this week amounting to US $0.3 billion, and since the beginning of the year the MoF raised US $1.6 billion. In 2014 the MoF raised US $14.5 billion in bond offerings on the TASE.
The Bank of Israel lowered the interest rate by 0.15% to a record low of 0.1% from March 2015.
Composite State-of-the-Economy Index
The Bank of Israel released figures indicating that the Composite State-of-the Economy Index rose 0.3% in January 2015. The rate of growth of the index accelerated from August 2014, under the effect of exceptional growth in the last quarter of the year following recovery of the economy from the “Protective Edge” Operation.
Economic Growth
The Ministry of Finance released this week a forecast of data for the year 2014, including GDP at the rate of 2.9% this year compared with 3.2% for the year 2013.
The Central Bureau of Statistics released figures indicating that the unemployment rate decreased slightly from 5.7% in December 2014 to 5.6% in January 2015. The average rate of unemployment for 2014 reached 5.9%.
Sector Indices
|
WEEK
|
2015 |
|
| TA Tech-Elite |
6.0%
|
15.3%
|
| TA Banks |
1.3%
|
1.1%
|
| TA Real Estate-15 |
4.0%
|
13.3%
|
Foreign Exchange
|
WEEK
|
2015 |
|
| Dollar/NIS |
1.9%
|
1.1%
|
| Euro/NIS |
2.1%
|
-5.5%
|
|
|
|
Facts & Figures
The Tel-Aviv Stock Exchange features in January 2015:
· 471 companies listing equities.
· 592 Exchange Traded Notes.
· 29 series of government bonds.
· 75 Series of Institutional bonds.
· 599 series of corporate bonds.
· 1,328 mutual funds.
· Market Cap. (US$ billions)
o Equities - 197
o Government bonds – 127
o Corporate bonds – 79
