Tel Aviv Stock Exchange Weekly Review: Aug 02-06, 2015

Trading on the Tel-Aviv Stock Exchange (TASE) on the first week of August, was ended up in most of the leading share indices;
The real estate company "Vitania" made an IPO of shares;
Further offerings in the bond market

TA-25 index

The TA-25 index increased 0.2% over the last week, and increased 17.2% 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 0.3% over the last week, and increased 15.1% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA-BIOMED

The TA-BIOMED index decreased 4.3% this week. Since the beginning of the year the index decreased by4.6%, after a decrease of 33.9% in 2014.

ETN Offerings

This week 2 ETNs were issued on share indices overseas. Currently there are 635 ETNs traded on the TASE.

Share Offerings

The real estate company Vitania whose bonds are already traded on the TASE, made an IPO of shares and raised US$ 21 million.

The biomed company Insuline issued shares to the public amounting to US$ 1.2 million.

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

Corporate Bonds

This week there were two bond offerings to the public by the business sector amounting to US$ 134 million. Most of the amount, US$ 101 million was raise by Shapir Engineering.

Since the beginning of the year the business sector raised US$ 10.2 billion through bonds on TASE

Government Bonds

The Ministry of Finance (MoF) made a bond offering this week listed on the TASE, amounting to US$ 0.2 billion.

Since the beginning of the year, the MoF raised a total of US$ 6.4 billion in bond offerings on TASE.

Dual Listed Company

The biomed company Intec Pharma completed a share offering in the US, amounting to US$ 30 million, and listed them on NASDAQ.

Currently 52 companies are dual listed on TASE and on US or Europe.

Foreign Investors

The Bank of Israel released figures this week indicating that foreign investors acquired a net US $330 millionin TASE listed shares in June, with net acquisitions totaling US $1 billion in the first half of 2015.

In addition, in June, foreign investors acquired a net US $60 million in government bonds, with net acquisitions totaling US $430 million in the first half of 2015.

Foreign investors made disposals of US$ 230 million in Israeli T-bills in June, with net disposals totaling US$510 million in the first half of 2015.

Sector Indices

                     WEEK  2015
    TA Tech-Elite    1.2%  12.0%
    TA Banks         1.7%  20.7%
    TA Real
    Estate-15        1.4%  15.9%

Foreign Exchange

                WEEK    2015
    Dollar/NIS  0.8%   -2.0%
    Euro/NIS    0.5%   -12.0%

Facts & Figures

The Tel-Aviv Stock Exchange features in July 2015:

465 companies listing equities.
633 Exchange Traded Notes.
32 Series of government bonds.
67 Series of Institutional bonds.
600 series of corporate bonds.
1,372 mutual funds.
Market Cap. (US$ billions)
- Equities - 238
- Government bonds - 131
- Corporate bonds - 85