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Tel Aviv Stock Exchange Weekly Review: 25-29 January 2015

Date 29/01/2015

Trading on the Tel Aviv Stock Exchange (TASE) during the last week of January was characterized by a mix trend in all the leading share indices; TA- Oil and gas Index made notable increase of 6.0%; Trading commences in derivatives on the TA-100 Index

TA-25 

The TA-25 index decreased 0.5% over the week and decreased 1.2% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

TA-100

The TA-100 index decreased 0.1% over the week and decreased 1.5% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA Gas & Oil 

The TA Gas & Oil index increased 6.0% over the week and decreased 0.3% since the beginning of the year, after decrease of 20.1% for the whole of 2014.

Corporate Bonds

This week there were three bond offerings by the business sector amounting to US $312 million. The largest offering was made by the Gazit Globe real estate company amounting to US $200 million.

Since the beginning of the year, the business sector raised US $0.8 billion through bond offerings on the TASE.

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 listed on the Tel-Aviv Stock Exchange this week amounting to US $0.2 billion, and since the beginning of the year the MoF raised US $1 billion.

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

TASE launches Options and Futures Contracts on the TA-100 Index

On Thursday, January 29, 2015, trading commenced in options and futures contracts on the TA-100 Index.

The derivatives on the TA-100 Index join existing derivatives on several underlying assets: TA-25 Index, TA-Banks Index, the Shekel-Dollar exchange rate, the Shekel-Euro exchange rate, and 10 shares out of the TA-25 Index.

BOI Interest Rate

The Bank of Israel left the interest rate unchanged at 0.25% for February 2015.

Sector Indices

 

 WEEK 

2015

TA Bluetech

2.4%

 2.1%

TA Banks

-0.8%

 -2.2%

TA Real Estate-15

1.5%

  3.2%

 

Foreign Exchange

 

 WEEK

2015

Dollar/NIS

-0.9%

 1.0%

Euro/NIS

-0.5%

 -6.0%

 

 

 

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.
  • 600 series of corporate bonds.
  • 1,330 mutual funds.
  • Market Cap. (US$ billions)

o    Equities - 201

o    Government bonds – 128

o    Corporate bonds – 80