Tel Aviv Stock Exchange Weekly Review 8 - 12 December 2013

TEL AVIV, Israel, December 12, 2013 /PRNewswire/ --

Trading on the Tel-Aviv Stock Exchange (TASE) during the second week of December ended lower for most leading TASE indices; Companies continue to raise debt capital in coperate bond offerings

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

TA-25

The TA-25 index decreased 3.0% over the week, bringing year-to-date increase to 11.9%.

TA-100

The TA-100 index decreased 2.8% over the week, bringing year-to-date increase to 13.1%.

TA- Oil & Gas

The TA-Oil & Gas index decreased 6.3% over the week, bringing year-to-date increase to 7.2%.

TA- Biomed

The TA-Biomed index increased 2.4% over the week, bringing year-to-date increase to 28%.

Corporate Bonds

Three public corporate bond offerings were completed this week by real estate firms, raising US $135 million.

Since the beginning of the year the business sector has raised US $9.3 billion through bond offerings, as opposed to $10.3 billion in 2012. Real estate companies continue to stand out, raising 48% of the total.

Government Bonds

This week the Ministry of Finance (MoF) floated US $0.3 billion government bonds in an offering on the local market.  

Since the beginning of 2013 the MoF raised US $17.7 billion in public bond offerings as opposed to US $21.3 billion in 2012.

Foreign Investors

The Bank of Israel released figures this week indicating that foreign investors acquired a net US $60 million in TASE-listed shares in October, bringing the total for 2013 to US $1.3 billion. This follows net purchases of US $410 million in 2012.

In addition, foreign investors acquired a net US $150 million Israel government bonds in October. Since the beginning of 2013 investors liquidated a net US $2.1 billion in government bond holdings as well as US $310 (net)  MAKAM T-bills.

Sector Indices

                     WEEK   YTD
    TA Bluetech-50   -0.8% 4.3%
    TA Banks         -3.4% 13.0%
    TA Real
    Estate-15        -2.6% 20.3%


Foreign Exchange

               WEEK   YTD
    Dollar/NIS -0.3% -6.1%
    Euro/NIS   0.6%  -1.8%



Facts & Figures

The Tel-Aviv Stock Exchange features in November 2013:

  • 511 companies listing equities (Ex. ETNs).
  • 495 index-tracking products.
  • 33 series of government bonds.
  • 71 Series of Institutional bonds.
  • 623 series of corporate bonds.
  • 1,246 mutual funds.
  • Market Cap. (US$ billions)
    • Equities - 196
    • Government bonds - 137
    • Corporate bonds - 89

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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