Tel Aviv Stock Exchange Weekly Review 27 April - May 1 2014 Trading on the Tel Aviv Stock Exchange (TASE) during the last week of April ended down for all leading TASE indices; Companies continue to raise capital through debt and share offerings
TEL AVIV, Israel, May 1, 2014 /PRNewswire/ --
The TA-25 index decreased 0.7% over the week, bringing year-to-date increase to 3.8%.
The TA-100 index decreased 1.1% over the week, bringing year-to-date increase to 3.7%.
The TA-Biomed decreased 3.6% over the week, bringing year-to-date decrease to 0.5%.
This week there was one rights offering by a biomed company amounting to US $6 million.
Since the beginning of the year the business sector has raised US $1 billion through share offerings in Tel-Aviv, after raising US $1.7 billion for the whole of 2013.
This week there were three corporate bond offerings amounting to US $215 million.
Since the beginning of the year the business sector raised US $3.5 billion through bonds, of which US $1.1 billion on the "TACT International" system, after raising US $10.1 billion for the whole of 2013.
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 $5.5
Billion in bond offerings on the Tel-Aviv Stock Exchange, after raising US $18.2 billion for the whole of 2013.
BOI Interest Rate
The Bank of Israel kept the interest rate unchanged at 0.75% for May 2014.
Composite State-of-the-Economy Index
The Bank of Israel released figures indicating that the Composite State-of-the-Economy index increased 0.1% in March, a rate slightly lower compared with the previous half year.
Despite its moderation, the index reflects a continuation of the moderate growth of the economy characterizing the last three years.
The Central Bureau of Statistics released figures indicating the unemployment rate in March remained unchanged from the previous month at 5.8%. The unemployment rate in the economy in the first quarter of 2014 also remained unchanged from the unemployment rate in the fourth quarter of 2013 - 5.8%, as opposed to an average of 6.3% for 2013.
WEEK 2014 TA Bluetech-50 -2.9% -2.8% TA Banks -0.5% -1.9% TA Real Estate-15 -2.1% 2.1%
WEEK 2014 Dollar/NIS -0.5% -0.5% Euro/NIS -0.2% 0.2%
Facts & Figures
The Tel-Aviv Stock Exchange features in March 2014:
- 488 companies listing equities.
- 555 Exchange Traded Notes.
- 33 series of government bonds.
- 72 Series of Institutional bonds.
- 605 series of corporate bonds.
- 1,271 mutual funds.
- Market Cap. (US$ billions)
- Equities - 219
- Government bonds - 139
Corporate bonds - 88
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.
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