Tel Aviv Stock Exchange Weekly Review: May 31 – June 04, 201

Trading on the Tel-Aviv Stock Exchange (TASE) during the first week of June was marked by a mix trend in the leading share indices:

• Declines in CPI-linked government bond prices; 
• Continued offerings in the bond market. 

TA-25  

The TA-25 index increased 1.2% over the last week, and increased 15.8% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

TA-100  

The TA-100 index increased 1.0% over the last week, and increased 13.9% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA  MidCap-50 

The TA MidCap-50 Index decreased 2.6% over the week, and increased 13.6% since the beginning of the year, after a decrease of 11.5% in 2014.   

CPI Linked Government Bond Index 

The index decreased 2.7% over the week, completing a decrease of 5.8% in the last six trading weeks.

Since the beginning of the year, the index rose 1.5%, after an increase of 6% in 2014.  

Corporate Bonds 

This week three companies raised US$ 340 million in bond offerings to the public. Oil Refineries raised US$ 137 million, and two real estate companies - Property and Building and Industrial Building - raised US$ 122 million and US$ 80 million, respectively.

Since the beginning of the year the business sector raised US$ 6.4 billion through bonds.

In 2014, the business sector raised US$ 16.1 billion through bonds on the TASE.

Government Bonds 

The Ministry of Finance (MoF) made a bond offering this week listed on the Tel-Aviv Stock Exchange, amounting to US $0.2 billion, and since the beginning of the year the MoF has raised US $4.6 billion.

In 2014, the MoF raised US $14.5 billion in bond offerings on the TASE.

Economic Growth Forecast 

The Organization for Economic Cooperation and Development (OECD) updated its growth forecast for the year 2015:

Growth in Israel of 3.4% compared with the previous estimate of 3%, and growth worldwide of 3.1% compared with the previous estimate of 3.7%.

Sector Indices

   

                     WEEK   2015
    TA Tech-Elite    1.5%  17.1%
    TA Banks         0.9%  12.0%
    TA Real
    Estate-15       -1.8%  17.4%

Foreign Exchange

   

                WEEK   2015
    Dollar/NIS -1.0%  -1.4%
    Euro/NIS    2.5%  -7.8%

Facts & Figures 

The Tel-Aviv Stock Exchange features in May 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