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2014

Tel Aviv Stock Exchange Weekly Review 29 December 2013 - 2 January 2014

Trading on the Tel Aviv Stock Exchange (TASE) this week was marked by a mix trend for leading TASE indices; Companies continue to raise capital through debt offerings

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TEL AVIV, Israel, January 2, 2014 /PRNewswire/ --

TA-25

The TA-25 index decreased 0.8% over the week. In 2013 the index gained 12% after increasing 9% in 2012.

     (Logo: http://photos.prnewswire.com/prnh/20130117/588933 )

TA-100

The TA-100 index decreased 0.2% over the week. In 2013 the index gained 15% after an increase of 7% in 2012.

TA MidCap-50 and TA Oil & Gas

Both the TA MidCap-50 and Oil & Gas indices gained 2% over the week, closing 2013 with returns of 36% and 9% respectively.

Corporate Bonds

Six public corporate bond offerings were completed this week in which US $270 million was raised. Most of it-US $240 million was raised by five real estate companies. Gazit Globe had the largest offering, raising US $ 108 million.

Since the beginning of the year the private sector has raised US $10.1 billion dollars in corporate bond offerings, as opposed to US $8.5 billion in 2012. Real estate firms stood out this year, raising 48% of the total sum.

Share Offerings

Companies raised in Israel a total of US $1.7 billion dollars in equity offerings in 2013, as opposed to US $ 0.9 billion in 2012. Real estate companies stood out, raising 42% of the total.

Government Bonds

The Ministry of Finance did not auction government bonds this week on TASE. The government raised in 2013 US $18.2 billion in bond offerings as opposed to US the $21.3 billion raised in 2012.

Economic Growth

The Central Bureau of Statistics released a preliminary estimate indicating the GDP growth came to 3.3% in 2013. This follows a 3.4% and 4.6% growth rate in 2012 and 2011 respectively.

Unemployment

The Central Bureau of Statistics released figures indicating the unemployment in November came to 5.5%, as opposed to 5.8% in October.

Sector Indices

                              WEEK   2013

    TA Bluetech-50            0.0%   8.6%
    TA Banks                 -2.0%  16.3%
    TA Real Estate-15         0.6%  26.0%


Foreign Exchange

                              WEEK   2013

    Dollar/NIS               -0.2%  -7.0%
    Euro/NIS                 -0.9%  -2.8%


Facts & Figures

The Tel-Aviv Stock Exchange features in December 2013:

  • 508 companies listing equities.
  • 530 Exchange Traded Notes.
  • 33 series of government bonds.
  • 71 Series of Institutional bonds.
  • 651 series of corporate bonds.
  • 1,281 mutual funds.
  • Market Cap. (US$ billions)
    • Equities - 203
    • Government bonds - 137
    • Corporate bonds - 91

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(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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