Trading on the Tel-Aviv Stock Exchange (TASE) during the second week of June was marked by a mix trend in the leading share indices; Continued decreases in index-linked government bond prices; Huge bond offerings by the banks
TA-25
The TA-25 index did not change over the last week, and increased 15.8% since the beginning of the year, after an increase of 10.2% for the whole of 2014.
TA-100
The TA-100 index decreased 0.8% over the last week, and increased 13.0% since the beginning of the year, after an increase of 6.7% for the whole of 2014.
TA-Banks
The TA-Banks Index increased 4.5% over the week, and increased 17.0% since the beginning of the year, after a decrease of 5.6% in 2014.
CPI Linked Government Bond Index
The CPI Linked Government Bond Index decreased 0.9% over the week, and completing a decline of 6.6% since April 26th. Since the beginning of the year the index rose 0.6%, after an increase of 5.8% in 2014.
Corporate Bonds
This week four companies raised US$ 1.3 billion in bond offerings to the public. The largest offerings were made by Poalim and Mizrahi Tefahot banks, which raised US$ 557 million and US$ 470 million, respectively, and an offering made by Israel Electric Corporation of US$ 240 million.
Since the beginning of the year the business sector raised US$ 7.6 billion through bonds. In 2014, the business sector raised US$ 16.1 billion through bonds 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 $0.3 billion, and since the beginning of the year the MoF raised US $4.8 billion. In 2014, the MoF raised US$ 14.5 billion in bond offerings on the TASE.
ETN Offering
This week, a new currency-neutral ETN was issued on the MSCI World Developed Countries Index. Currently there are 630 ETNs traded on the TASE.
Foreign Investors
The Bank of Israel released figures this week indicating that foreign investors acquired a net US$ 150 millionin TASE-listed shares in April, with net acquisitions in the first third of the year totaling US$ 0.8 billion, after net acquisitions of US$ 1.3 billion for the year 2014.
In addition, foreign investors in April acquired a net US$ 120 million in government bonds, with net acquisitions of government bonds in the first third of the year totaling US$ 0.8 billion, after net acquisitions ofUS$ 2.3 billion for the year 2014.
There was balanced activity of foreign investors in Israeli T-bills in April, with net disposals of Israeli T-bills in the first third of the year totaling US $250 million, after net acquisitions of US$ 1.1 billion for the year 2014.
Sector Indices
WEEK
2015
TA Tech-Elite -2.4% 14.3%
TA Banks 4.5% 17.0%
TA Real
Estate-15 -4.4% 12.2%
Foreign Exchange
WEEK
2015
Dollar/NIS -0.3% -1.6%
Euro/NIS -0.3% -8.7%
Facts & Figures
The Tel-Aviv Stock Exchange features in May 2015:
- 469 companies listing equities.
- 629 Exchange Traded Notes.
- 31 Series of government bonds.
- 72 Series of Institutional bonds.
- 590 series of corporate bonds.
- 1,352 mutual funds.
- Market Cap. (US$ billions)
- Equities - 226
- Government bonds - 130
- Corporate bonds - 83
