Tel Aviv Stock Exchange Weekly Review: July 19-23, 2015

Trading on the Tel-Aviv Stock Exchange (TASE) on the third week of July, was marked by a mix trend in the leading share indices; Further offerings in the bond market - Bank Leumi raised US$ 745 million in a bond offering to the public

Jul 23, 2015, 12:19 ET from Tel Aviv Stock Exchange (TASE)

TEL AVIV, Israel, July 23, 2015 /PRNewswire/ --

TA-25 index 

The TA-25 index increased 0.5% over the last week, and increased 16.2% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

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TA-100 index 

The TA-100 index increased 0.4% over the last week, and increased 13.8% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA-BIOMED 

The TA-BIOMED index decreased 2.1% this week. Since the beginning of the year the index increased by 5.2%, after an decrease of 33.9% in 2014.

Corporate Bonds  

This week there were four bond offerings to the public by the business sector amounting to US$ 1,020 million.

The largest offering was made by Bank Leumi amounting to US$ 745 million.

Since the beginning of the year the business sector raised US$ 9.4 billion through bonds.

Share Offerings 

This week there were two share offerings to the public by high tech companies on TASE amounting to US$ 1.5 million.

The bio-med company Redhill Biopharma whose shares are traded also on the NASDAQ, raised US$ 40 million this week in a public share offering in US.

Since the beginning of the year, the business sector raised US$ 0.8 billion in shares on TASE.

Government Bonds 

The Ministry of Finance (MoF) made a bond offering this week listed on the TASE, amounting to US$ 0.2 billion.

Since the beginning of the year, the MoF raised a total of US$ 6 billion in bond offerings on the TASE.

ETN Offerings 

This week a new ETN was issued on share indices in US (banks and financial sectors). Currently there are 634 ETNs traded on TASE.  

Composite State-of-the-Economy Index  

The Bank of Israel released figures indicating that the Composite State-of-the Economy Index rose 0.4% in June 2015, slightly higher than its rate of growth in recent months.

Economic Growth  

The Central Bureau of Statistics released figures indicating that GDP increased by 2% in the first quarter of 2015 (compared with 2.1% in the previous estimate), after an increase of 6.5% and 0.8% in the last quarter and in the third quarter of 2014, respectively.

Sector Indices


   
                      WEEK  2015
    TA Tech-Elite     0.9% 13.6%
    TA Banks         -0.1% 18.2%
    TA Real
    Estate-15        -0.8% 13.8%

Foreign Exchange


   
                  WEEK   2015
    Dollar/NIS    0.8%  -1.8%

    Euro/NIS      1.7% -11.1%

Facts & Figures 

The Tel-Aviv Stock Exchange features in June 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)