Tel Aviv Stock Exchange Weekly Review: July 5-9, 2015

Trading on the Tel-Aviv Stock Exchange (TASE) on the first week of July, was marked by declines in most of the leading share indices; Record turnover in weekly options on the TA-25 index

TA-25 index

The TA-25 index decreased 0.4% over the last week, and increased 13.2% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

TA-100 index

The TA-100 index decreased 0.4% over the last week, and increased 10.6% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA-Oil & Gas index

The TA-Oil & Gas

Index decreased 3.8% over the week, and increased 13.5% since the beginning of the year, after a decrease of 20.1% in 2014.

Record turnover in weekly options on the TA-25 index

The trading turnover in weekly options on the TA-25 index, launched in July 2013, reached a record high of 125,833 units on July 8, 2015.

Share Offerings

This week there was a share offering made by the biomed company Medigus amounting to US$ 7 million.

Since the beginning of the year, the business sector raised a total of US $0.9 billion through share Offering on the TASE, compared with US$ 2.1 billion for the whole of 2014.

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$ 5.5 billion in bond offerings on the TASE, compared with US$ 14.5 billion for the whole of 2014.

Foreign Investors

The Bank of Israel released figures this week indicating that foreign investors acquired a net US$ 80 millionin TASE listed shares in May, and net acquisitions totaling US$ 0.7 billion in January - May 2015.

In addition, foreign investors made net disposals of US$ 350 million in government bonds in May, and net acquisitions of government bonds totaling US$ 0.4 billion in January - May 2015.

Foreign investors made net disposals of Israeli T-bills of US$ 30 in May, and net disposals of Israeli T-bills in January - May 2015 totaling US $280 million in January - May 2015.

Ministry of Finance Economic Growth Forecast

The Ministry of Finance released this week a macro-economic forecast indicating that the rate of GDP is expected to reach 3.1% for 2015, and 3.3% for 2016, after growth of 2.8% for 2014.

Sector Indices

                            WEEK    2015


    TA Tech-Elite     -1.8%   10.5%
    TA Banks          -0.2%   15.6%
    TA Real
    Estate-15          1.8%   13.4%

Foreign Exchange

                   WEEK    2015


    Dollar/NIS  0.5%  -2.6%
    Euro/NIS    0.0% -11.4%

Facts & Figures

The Tel-Aviv Stock Exchange features in June 2015:

467 companies listing equities.
630 Exchange Traded Notes.
31 Series of government bonds.
69 Series of Institutional bonds.
593 series of corporate bonds.
1,366 mutual funds.
Market Cap. (US$ billions)
- Equities - 224
- Government bonds - 131
- Corporate bonds - 83