Tel Aviv Stock Exchange Weekly Review: 17- 21 August 2014

TEL AVIV, Israel, August 21, 2014 /PRNewswire/ --

Trading on the Tel Aviv Stock Exchange (TASE) during the third week of August was marked by a mix trend for leading share indices; Continued offerings in bond market: 

Halman Aldubi Provident & Pension Funds made an initial public bond offering of US $35 million; Bezeq raised US $328 million from institutional investors. 

TA-25  

The TA-25 index decreased 0.7% over the week, bringing year-to-date increase to 3.7%.

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TA-100  

The TA-100 index increased 0.1% over the week, bringing year-to-date increase to 2.8%.

TA-Technology 

The TA- Technology index increased 1.5% over the week, bringing year-to-date decrease to 6.1%.

TA-Com 

The TA-Com index decreased 2.8% over the week, bringing year-to-date increase to 3.5%.

Corporate Bonds 

There were three corporate bond offerings this week amounting to US $105 million, including US $35 million by the new company Helman Aldubi Provident & Pension Funds.

In addition, the  telecommunication company Bezeq raised US $1.1 billion through private placement of bonds to institutional investors.Since the beginning of the year the business sector raised US $10 billion through bond offerings, of which US $3.7 billion on the "TACT Institutional" system, after raising US $10.1 billion for the whole of 2013.

Government Bonds 

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 $10.9 billion in bond offerings on the TASE, after raising US $18.2 billion for the whole of 2013.

Growth Rate 

The Central Bureau of Statistics released figures indicating that the GDP grew 1.7% in the second quarter of 2014 on an annual basis, compared with 2.8% in the previous quarter, and 2.5% in the fourth quarter of 2013.

In addition, the GDP grew 2.4% in the first half of 2014 on an annual basis. This follows an increase of 3.2% in the second half of 2013 and 3.0% in the corresponding period last year.

CPI Index 

Figures released by the Central Bureau of Statistics indicate that in July 2014 the Consumer Price Index increased 0.1%, which was also the total from the beginning of the year, following an increase of 1.8% for the whole of 2013. 

Sector Indices

                     Week
                              2014
    TA Bluetech-50    0.4%  -10.3%
    TA Banks         -2.2%   -2.1%
    TA Real
    Estate-15        1.4%     0.1%

Foreign Exchange

               WEEK   2014
    Dollar/NIS 2.0%   1.9%
    Euro/NIS   1.2%  -1.9%

Facts & Figures 

The Tel-Aviv Stock Exchange features in July 2014:

• 475 companies listing equities.
• 591 Exchange Traded Notes.
• 34 series of government bonds.
• 74 Series of Institutional bonds.
• 595 series of corporate bonds.
• 1,287 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 218
  • Government bonds - 147
  • Corporate bonds - 92

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, +972-76-8160405/6

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

SOURCE Tel Aviv Stock Exchange (TASE)