Tel Aviv Stock Exchange Trading Summary: December 6-10, 2015

Dec 10, 2015, 11:35 ET from Tel Aviv Stock Exchange (TASE)

TEL AVIV, Israel, December 10, 2015 /PRNewswire/ --

Trading on the Tel Aviv Stock Exchange in the second trading week of December was marked by declines in prices in all leading share indices; 

The Israeli pharmaceutical giant company "Teva", whose shares are traded on both the TASE and on the NASDAQ, raised US$ 6.75 billion in a share offering in the US; 

Further offerings in the bond market -  the foreign real estate company "Urbancorp" made an initial bond offering on the TASE 

TA-25 index 

The TA-25 index decreased over the last week 1.8%and increased 4.7%since the beginning of the year, after an increase of 10.2% for the whole of 2014.

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TA-100 index 

The TA-100 index decreased over the last week 2.0%and increased 2.4%since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA-Biomed 

The TA-Biomed index decreased this week by 8.0%.Since the beginning of the year the index decreased by25.6%, after a decrease of 33.9% in 2014.

Share Offerings 

The pharmaceutical giant company "Teva" , whose shares are traded also on the NASDAQ, raised US$ 6.75 billion in a share public offering in the US, with the aim of financing the acquisition of the generic activity of the pharmaceutical company "Allergan".

About half of the amount was raised by issuing ordinary stock, and the other half was raised by issuing preference shares (not quoted).     

Since the beginning of the year, dual-listed companies raised a total of US$ 8 billion through offerings and private placements of shares overseas. 

This week there was one rights offering of shares on the TASE amounting to US$ 4 million, by the biomed company "Exalenz Bioscience".

Since the beginning of the year, the business sector has raised US$ 1.2 billion through shares on the TASE.

Government Bonds 

The Ministry of Finance (MoF) made a bond offeringthis week listed on the TASE, amounting to US$ 0.2 billion.

Since the beginning of the year, the MoF raised a total of US$ 9.6 billion in bond offerings on the TASE.

Foreign Investors 

The Bank of Israel released figures this week indicating that in October foreign investors acquired a net US$ 45 million in shares listed on the TASE, with net acquisitions totaling US $1.5 billion since the beginning of 2015.

In addition, in October, foreign investors acquired US$ 40 million in government bonds, with net acquisitions of bonds totaling US$ 600 million since the beginning of 2015.

Foreign investors disposed of US$ 460 million in Israeli T-bills in October, with net disposals totaling US $760 million since the beginning of 2015.

Corporate Bonds 

This week there were four bond offerings on the TASE by the business sector, totaling US$ 293 million:

US$ 46 million were raised by the foreign real estate company "Urbancorp" in an initial bond offering on the Tel-Aviv Stock Exchange,

US$ 183 million were raised by"Migdal Capital Insurance" in a second offering this year,

and US$ 32 million each were raised by the real estate companies "Jerusalem Economy" and "Adgar Investments".

Since the beginning of the year, the business sector raised US$ 14.5 billion through bonds on the TASE.

Sector Indices


   
                     WEEK  2015
    TA Tech-Elite    -5.3% 1.0%
    TA Banks         -0.3% 7.7%
    TA Real
    Estate-15        -2.0% 4.2%

Foreign Exchange


   
                WEEK    2015
    Dollar/NIS  0.3%   -0.6%
    Euro/NIS    1.0%   -10.3%


Facts & Figures 

The Tel-Aviv Stock Exchange features in November 2015:

  • 461 companies listing equities.
  • 640 Exchange Traded Notes.
  • 33 series of government bonds.
  • 63 Series of Institutional bonds.
  • 604 series of corporate bonds.
  • 1,370 mutual funds.
  • Market Cap. (US$ billions)
    • Equities - 237
    • Government bonds - 130
    • Corporate bonds - 84

About TASE  

Established in September 1935, the Tel-Aviv Stock Exchange is Israel's sole securities exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives.

International  

In recent years, TASE has enhanced its international presence, signing Memoranda of Understanding with the London Stock Exchange, NASDAQ, NYSE-Euronext the Shanghai Stock Exchange, and Toronto Stock Exchange.

For more information please contact: 

Idit Yaaron or Orna Goren, TASE, +972(076)-8160405/6

Visit the Tel Aviv Stock Exchange's Website: http://www.tase.co.il

 

SOURCE Tel Aviv Stock Exchange (TASE)