Tel Aviv Stock Exchange Weekly Review: August 23 - 27, 2015

Aug 27, 2015, 12:56 ET from Tel Aviv Stock Exchange (TASE)

TEL AVIV, Israel, August 27, 2015 /PRNewswire/ --

Trading on the Tel-Aviv Stock Exchange (TASE) on the fourth week of August was characterized by sharp declines in prices in all the leading share indices similar to the trend worldwide; 

Huge redemptions of mutual funds by the public; 

Continued offerings in the bond markets by the business sector 

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

TA-25 index 

The TA-25 index decreased 5.8% over the last week, and increased 9.0% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

TA-100 index 

The TA-100 index decreased 5.3% over the last week, and increased 8.5% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA-Oil & Gas index 

The Ta-Oil & Gas index declined this week by 7.9%.

Since the beginning of the year the index increased by 8.5%, after a decrease of 20.1% in 2014.

Corporate Bonds 

This week there was one bond offerings to the public by the real estate company Gazit Globe that raised US$ 188 million.

Since the beginning of the year the business sector raised US$ 10.6 billion through bonds on TASE

Government Bonds 

The Ministry of Finance (MoF) did not make a bond offering this week listed on the TASE.

Since the beginning of the year, the MoF raised a total of US$ 6.9 billion in bond offerings on the TASE.

Mutual Fund Redemptions 

Due to the falls in prices in Israel and worldwide, net redemptions by the public were recorded this week (up to Wednesday) in mutual funds totaling US$ 0.9 billion, of which US$ 0.55 billion on Monday.

Bank of Israel Interest Rate 

The Bank of Israel left the interest rate unchanged at 0.1% for September 2015.

Unemployment 

The Central Bureau of Statistics published figures this week indicating that the unemployment rate remained unchanged at 5.3% in July, as in June, compared with 5% in the months of April - May and compared with 5.9% on average for 2014.

Sector Indices


   
                     WEEK   2015
    TA Tech-Elite    -5.0%  5.1%
    TA Banks         -5.9% 10.3%
    TA Real
    Estate-15        -3.5% 12.6%

Foreign Exchange


   
                WEEK   2015
    Dollar/NIS  1.4%   1.0%
    Euro/NIS    1.8%  -6.2%


Facts & Figures 

The Tel-Aviv Stock Exchange features in July 2015:

  • 469 companies listing equities.
  • 629 Exchange Traded Notes.
  • 31 series of government bonds.
  • 72 Series of Institutional bonds.
  • 590 series of corporate bonds.
  • 1,352 mutual funds.
  • Market Cap. (US$ billions)
    • Equities - 226
    • Government bonds - 130

Corporate bonds - 83

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(076)8160405/6 

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


SOURCE Tel Aviv Stock Exchange (TASE)