Tel Aviv Stock Exchange Weekly Review: September 6-10, 2015

Trading on the Tel-Aviv Stock Exchange (TASE) on the second week of September was marked by a mix trend in the leading share indices;
The US biomed company"BioTime" whose shares are traded on the NYSE Market, listed its shares for trading on the TASE ;
Continued offerings in the bond market - the foreign real estate company "MDG" made an initial offering of bonds on the TASE

TA-25 index

The TA-25 index decreased 0.8% over the last week, and increased 8.8% 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 8.2% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA- Com index

The index increased 2.6% this week.

Since the beginning of the week, the index increased 9.0%, after an increase of 10.4% in 2014.

Share Offerings

This week there were two share offerings to the public on the TASE amounting to US$ 12 million. Most of the amount, US$ 9 million was raised by the Suny company.

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

Corporate Bonds

The foreign real estate company MDG raised US$ 24 million in an initial offering of bonds on the TASE.

In addition, four companies this week raised US$ 410 million in bond offerings on the TASE, of which US$ 255 million were raised by the real estate company Azrieli Group.

Since the beginning of the year the business sector raised US$ 11.2 billion through bonds on the 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$ 7.1 billion in bond offerings on the TASE.

Dual Listing

The US biomed company BioTime whose shares are traded on the NYSE Market (symbol: BTX) 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-Blue Tech indices.

Currently there are 54 companies traded on the TASE whose shares are traded also in the US or in Europe.

Foreign Investors

The Bank of Israel released figures this week indicating that foreign investors acquired a net US $420 millionin TASE listed shares in July, with net acquisitions totaling US $1.4 billion since the beginning of 2015.

In addition, in July, foreign investors disposed of a net US$ 380 million in government bonds, with net acquisitions of bonds totaling US$ 70 million since the beginning of 2015.

Foreign investors made disposals of US$ 100 million in Israeli T-bills in July, with net disposals totaling US$610 million since the beginning of 2015.

Sector Indices

    
                       WEEK     2015
    TA Tech-Elite      0.8%     7.2%
    TA Banks           2.4%    14.8%
    TA Real Estate-15  1.7%    12.8%

Foreign Exchange

   
                 WEEK   2015
    Dollar/NIS  -0.5%   0.4%
    Euro/NIS    -0.1%  -7.5%

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