Tel Aviv Stock Exchange Trading Summary: October 6 - 15, 2015

• Trading on the Tel Aviv Stock Exchange (TASE) during the first two weeks of October was marked by price increases in most of the leading stock indices;  
• Massive offerings in the bond market ; 
• Foreign real estate company "Copperline" made an initial bond offering ; 
• Record daily trading volume in bonds.  

TA-25 index 

The TA-25 index increased 2.6% over the last two weeks and increased 4.2% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

TA-100 index  

The TA-100 index increased 2.4% over the last two weeks, and increased 3.3% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA Com 

The TA Com index increased 10.1% over the last two weeks and increased 13.4% since the beginning of the year, after an increase of 10.4% for the whole of 2014.

Government Bonds 

The Ministry of Finance (MoF) made two bond offerings listed on the TASE, amounting to US$ 0.4 billion.

Since the beginning of the year, the MoF raised a total of US$ 8 billion in bond offerings on the TASE.

Corporate Bonds  

The foreign real estate company Copperline Americas raised US$ 88 million in an initial offering of bonds on the TASE.

In addition, four companies raised US$ 880 million in bond offerings to the public. The largest of the offerings were by Bank Mizrahi Tefahot - US$ 335 million, and telecommunications companies Space-Communications and Bezeq for US$ 260 million and US$ 207 million, respectively.  

Since the beginning of the year, the business sector raised US$ 12.7 billion through bonds on the TASE.

Share Offerings 

There was one rights issue amounting to US$ 0.4 million by the oil and gas company Eden Energy.

The bio-med company Can-Fite, whose shares are traded also on the NYSE MARKET, raised US$ 5 millionfrom the public in the US.

Since the beginning of the year, the business sector has raised US$ 0.9 billion through shares on the TASE.

Record trading volume in bonds 

On Wednesday, prior to the semi-annual update of the TA-Tel-Bonds indices, a record trading volume in bonds was recorded of US $ 2.9 billion, of which US $ 2.2 billion in corporate bonds.

Foreign Investors 

The Bank of Israel released figures this week indicating that foreign investors acquired a net US $30 millionin shares listed on the TASE in August, with net acquisitions totaling US $1.5 billion since the beginning of 2015.

In addition, in August, foreign investors acquired a net US$ 200 million in government bonds, with net acquisitions of bonds totaling US$ 280 million since the beginning of 2015.

Foreign investors acquired US$ 260 million in Israeli T-bills in August, with net disposals totaling US $350 million since the beginning of 2015.

Sector Indices

   
                     2 WEEKS    2015
    TA Tech-Elite       1.9%    2.0%
    TA Banks            2.1%   11.7%
    TA Real
    Estate-15           0.4%    8.5%

 

Foreign Exchange

   
               2 WEEKS   2015
    Dollar/NIS   -2.6%  -1.7%
    Euro/NIS     -0.3%  -7.5%

 

Facts & Figures 

The Tel-Aviv Stock Exchange features in September 2015:

• 461 companies listing equities.
• 640 Exchange Traded Notes.
• 32 series of government bonds.
• 65 Series of Institutional bonds.
• 597 series of corporate bonds.
• 1,370 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 202
  • Government bonds - 127
  • Corporate bonds - 82