Tel Aviv Stock Exchange Weekly Review 16-20 February 2014 Trading on the Tel Aviv Stock Exchange (TASE) during the third week of February was marked by price gains for most leading TASE indices; Companies continue to raise capital through debt and share offerings

TEL AVIV, Israel, February 20, 2014 /PRNewswire/ --

TA-25

The TA-25 index increased 1.1% over the week, bringing year-to-date decrease to 0.4%.

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TA-100

The TA-100 index increased 1.3% over the week, bringing year-to-date increase to 1.5%.

TA-Com

The TA-Com index increased 2.0% over the week, bringing year-to-date decrease to 2.0%.

TA-Bank

The TA-Bank index decreased 1.4% over the week, bringing year-to-date decrease to 6.2%.

Share Offerings

This week there was a share offering of US $15 million.

Since the beginning of the year the business sector has raised US $0.8 billion through shares.

Corporate Bonds

This week five companies, of which four real-estate companies, made bond offerings amounting to US $154 million.

In addition,the parent company of Bezeq-B Communications made a bond offering to institutional investors of US $800 million, of which US $275 million were acquired by Israeli investors. The bonds will be traded on the "TACT Institutional" system.

Since the beginning of the year the business sector raised US $2.1 billion through bonds, of which US $0.8 billion on the "TACT Institutional" system.

Government Bonds

This week the Ministry of Finance (MoF) made a public bond offering listed on the TASE amounting to US $0.4 billion.

Since the beginning of the year the MoF raised US $2.4 billion.

CPI Index

Figures released by the Central Bureau of Statistics indicate that in January 2014 the Consumer Price Index decreased 0.6%, after an increase for the whole of 2013 of 1.6%.

Economic Growth

The Central Bureau of Statistics released figures indicating that GDP growth came to 2.8% in the second half of 2013 on an annual basis. This follows a 3.2% growth rate in the first half of 2013 and 3.8% in the second half of 2012. In addition, figures indicate that GDP growth in the last quarter of 2013 came to 2.3%, following growth of 2.1% in the third quarter.

Composite State-of-the-Economy Index

The Bank of Israel released figures indicating that the Composite State-of-the-Economy index increased 0.3% in January. The rate of increase of the index was smaller than in previous months, but still reflects growth of the economy at a similar rate to that of the recent period.

Sector Indices

                     WEEK  2014
    TA Bluetech-50   0.7%  4.5%
    TA Banks        -1.4% -6.2%
    TA Real
    Estate-15        0.4%  -1.8%


Foreign Exchange

               WEEK   2014
    Dollar/NIS 0.3%   1.3%
    Euro/NIS   0.4%   0.8%



Facts & Figures

The Tel-Aviv Stock Exchange features in January 2014:

  • 495 companies listing equities.
  • 537 Exchange Traded Notes.
  • 34 series of government bonds.
  • 71 Series of Institutional bonds.
  • 606 series of corporate bonds.
  • 1,271 mutual funds.
  • Market Cap. (US$ billions)
    • Equities - 204
    • Government bonds - 137
    • Corporate bonds - 88

AboutTASE

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-(3)5677-405/6

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

SOURCE Tel Aviv Stock Exchange Ltd




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