Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Tel Aviv Stock Exchange Weekly Review: 24-28 May 2015

Date 28/05/2015

The TA-25 index decreased 2.2% over the last week, and increased 14.5% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

TA-100  

The TA-100 index decreased 2.0% over the last week, and increased 12.8% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

Share Offerings 

This week there was a first IPO  on TASE this year, made by the real estate company Oron Groupamounting to US$ 18 million.

Since the beginning of the year, the business sector raised a total of US $0.7 billion through Share Offerings.

In 2014, the business sector raised US $2.1 billion through Share offerings on the TASE.

In addition, the hi-tech company Camtek, whose shares are also traded on the NASDAQ, raised this weekUS$ 12 million in a share offering to the public in the US.

Corporate Bonds 

The foreign real estate company Moinian raised US$ 363 million in the largest ever bond issue of a new company in the TASE bond market.

In addition, four companies (including the Oron Group) raised this week US$ 120 million in bond offerings to the public.

Since the beginning of the year, the business sector raised a total of US $5.9 billion through bonds.

In 2014, the business sector raised US $16.1 billion through bond offerings on the TASE.

Government Bonds 

The Ministry of Finance (MoF) made a bond offering this week listed on the Tel-Aviv Stock Exchange, amounting to US $0.2 billion, and since the beginning of the year the MoF raised US $4.3 billion.

In 2014, the MoF raised US $14.5 billion in bond offerings on the TASE.

BOI Interest Rate  

The Bank of Israel left the interest rate unchanged at 0.1% for June 2015.

Unemployment 

The Central Bureau of Statistics released figures indicating that the unemployment rate decreased in April 2015 to a historic low of 4.9%, compared with 5.2% in the previous month and an average of 5.9% for 2014.

Composite State-of-the-Economy Index 

The Bank of Israel released figures indicating that the Composite State-of-the Economy Index rose 0.2% inApril 2015, slightly lower than its rate of increase in recent months and similar to the average rate of growth in the last two years.

Sector Indices

  

                     WEEK
                           2015
    TA Tech-Elite    -0.8% 15.4%
    TA Banks         -1.8% 11.1%
    TA Real
    Estate-15        -2.1% 19.6%

 

Foreign Exchange

  

               WEEK
                      2015
    Dollar/NIS  0.2%  -0.2%
    Euro/NIS   -1.9% -10.2%

 

Facts & Figures 

The Tel-Aviv Stock Exchange features in April 2015:

  • 470 companies listing equities.
  • 625 Exchange Traded Notes.
  • 29 Series of government bonds.
  • 73 Series of Institutional bonds.
  • 596 series of corporate bonds.
  • 1,342 mutual funds.
  • Market Cap. (US$ billions)
    • Equities - 224
    • Government bonds - 132
    • Corporate bonds - 83