Tel Aviv Stock Exchange Weekly Review: 4-8 August 2013

TEL AVIV, Israel, August 8, 2013 /PRNewswire/ --

Trading on the Tel-Aviv Stock Exchange (TASE) during the first week of August was marked by declines in most leading indices;

Mendelson Infrastructures raised US $21 milllion in IPO

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TA-25

The TA-25 index decreased 0.4% over the week, bringing year-to-date increase to 1.5%.

TA-100

The TA-100 index decreased 0.1% over the week, bringing year-to-date increase to 4.6%.

TA-Biomed

The TA-Biomed index stood out and increased 3.3% over the week and bringing returns since the beginning of 2013 to 16.5%.

Share Offerings

Mendelson Infrastructures, which manufactures and sells liquid conveyance products, concluded an IPO on TASE, raising US $21 million share capital. The company shares will be added to the Mid-Cap 50 Index, through the Fast Track, as of August 25,2013

Since the beginning of the year the business sector has raised US $1.1 billion through share offerings, as opposed to US $0.9 billion in 2012.

Corporate Bonds

Four companies, of which three are real estate companies raised US$160 million debt capital  in  public bond offerings,

Since the beginning of the year the business sector has raised US $6.1 billion through bond offerings. Real estate companies stood out, raising 44% of the total.

Government Bonds

This week the Ministry of Finance (MoF) floated US $0.4 billion government bonds in an offering on the local market.  

Since the beginning of 2013 the MoF raised US $11.5 billion in public bond offerings as opposed to US $21.3 billion in 2012.

Foreign Investors

The Bank of Israel released figures indicating that foreign investors purchased a net US $80 million in TASE-listed shares in June, 2013 and a total of US $915 million in the first half of 2013. This follows net purchases of US $410 million in 2012.

In addition, foreign investors liquidated a net US $370 million in Israel government bonds in the first half of 2013, as well as a net US $20 million MAKAM T-bills in June and a total of US $310 million in the first half of 2013.

Sector Indices

                     WEEK   YTD
    TA Bluetech-50   -1.1%  0.2%
    TA Banks          0.5%  1.8%
    TA Real
    Estate-15        -0.3% 19.0%

Foreign Exchange

               WEEK   YTD
    Dollar/NIS -1.1% -5.2%
    Euro/NIS    0.0% -3.9%

Facts & Figures

The Tel-Aviv Stock Exchange features in July 2013:

• 518 companies listing equities (Ex. ETNs).
• 461 index-tracking products.
• 34 series of government bonds.
• 77 Series of Institutional bonds.
• 614 series of corporate bonds.
• 1,251 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 176
  • Government bonds - 133

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