Tel Aviv Stock Exchange Weekly Review: July 19-23, 2015

Trading on the Tel-Aviv Stock Exchange (TASE) on the third week of July, was marked by a mix trend in the leading share indices; Further offerings in the bond market - Bank Leumi raised US$ 745 million in a bond offering to the public

TA-25 index

The TA-25 index increased 0.5% over the last week, and increased 16.2% 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 0.4% over the last week, and increased 13.8% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA-BIOMED

The TA-BIOMED index decreased 2.1% this week. Since the beginning of the year the index increased by5.2%, after an decrease of 33.9% in 2014.

Corporate Bonds

This week there were four bond offerings to the public by the business sector amounting to US$ 1,020 million.

The largest offering was made by Bank Leumi amounting to US$ 745 million.

Since the beginning of the year the business sector raised US$ 9.4 billion through bonds.

Share Offerings

This week there were two share offerings to the public by high tech companies on TASE amounting to US$ 1.5 million.

The bio-med company Redhill Biopharma whose shares are traded also on the NASDAQ, raised US$ 40 million this week in a public share offering in US.

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

ETN Offerings

This week a new ETN was issued on share indices in US (banks and financial sectors). Currently there are 634 ETNs traded on TASE.

Composite State-of-the-Economy Index

The Bank of Israel released figures indicating that the Composite State-of-the Economy Index rose 0.4% inJune 2015, slightly higher than its rate of growth in recent months.

Economic Growth

The Central Bureau of Statistics released figures indicating that GDP increased by 2% in the first quarter of 2015 (compared with 2.1% in the previous estimate), after an increase of 6.5% and 0.8% in the last quarter and in the third quarter of 2014, respectively.

Sector Indices

                      WEEK  2015
    TA Tech-Elite     0.9% 13.6%
    TA Banks         -0.1% 18.2%
    TA Real
    Estate-15        -0.8% 13.8%

Foreign Exchange

                  WEEK   2015
    Dollar/NIS    0.8%  -1.8%

    Euro/NIS      1.7% -11.1%

Facts & Figures

The Tel-Aviv Stock Exchange features in June 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