Tel Aviv Stock Exchange Weekly Review: August 30 - September 3, 2015

• Trading on the Tel-Aviv Stock Exchange (TASE) on the last trading week was marked by a mixedtrend in the leading share indices;
• The TA- Oil & Gas index fell by 8% after the discovery of gas reserves in Egypt; 
• The US biomed company "Navidea" whose shares are traded on the NYSE Market, listed its shares for trading on the TASE;  
• Continued public offerings in the bond market 

TA-25 index 

The TA-25 index increased 0.6% over the last week, and increased 9.6% 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 0.2% over the last week, and increased 8.7% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA-Oil & Gas 

The TA-Oil & Gas index decreased this week by 7.7%, following the discovery of gas reserves in Egypt.

Since the beginning of the year, the index increased by 0.1%, after a decline of 20.1% in 2014.

Corporate Bonds 

This week there were two bond offerings to the public by the business sector:

The real estate company Airport City raised US$ 115 million, and the insurance company Harel raised US$ 65 million.

Since the beginning of the year the business sector raised US$ 10.8 billion through bonds on TASE.

Government Bonds 

The Ministry of Finance (MoF) did not make a bond offering this week on TASE.

Since the beginning of the year, the MoF raised a total of US$ 6.9 billion in bond offerings on the TASE.

Dual Listing 

The US biomed company Navidea whose shares are traded on the NYSE Market (symbol: NAVB) made a dual listing on the Tel-Aviv Stock Exchange on September 8th.

The company's shares are expected to be included in the TA-100, TA Tech-Elite, and TA-Blutech indices.

Currently there are 53 companies traded on the TASE whose shares are traded also in the US or in Europe.

Sector Indices

   
                      WEEK   2015
    TA Tech-Elite     1.2%   6.4%
    TA Banks          1.7%  12.2%
    TA Real
    Estate-15        -1.5%  10.9%

Foreign Exchange

   
                 WEEK   2015
    Dollar/NIS   0.3%   1.2%
    Euro/NIS    -0.3%  -6.5%

Facts & Figures 

The Tel-Aviv Stock Exchange features in August 2015:

• 463 companies listing equities.
• 637 Exchange Traded Notes.
• 32 series of government bonds.
• 67 Series of Institutional bonds.
• 598 series of corporate bonds.
• 1,370 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 218
  • Government bonds - 127

Corporate bonds - 82