Tel Aviv Stock Exchange Weekly Review: June 21-25, 2015

TEL AVIV, Israel, June 25, 2015 /PRNewswire/ --

- Trading on the Tel-Aviv Stock Exchange (TASE) during the fourth week of June was marked by a mixed trend in the leading share indices; 

- Continued offerings in the bond market  

TA-25  

The TA-25 index decreased 0.8% over the last week, and increased 14.1% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

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TA-100  

The TA-100 index decreased 0.8% over the last week, and increased 12.0% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA-Com 

The TA-Com Index increased 1.8% over the week, and decreased 9.8% since the beginning of the year, after an increase of 10.4% in 2014.  

Corporate Bonds 

This week four real estate companies raised US$ 345 million in bond offerings to the public. These included "Azrieli Group" which raised US$ 146 million and the "Shikun & Binui" and "Amot" companies which raised US$ 90 million each.

Since the beginning of the year the business sector raised US$ 8.4 billion through bonds to the public.

In 2014, the business sector raised US$ 16.1 billion through bonds to the public and institutional investors on the TASE, these including US$ 10.3 billion through bonds to the public.

Government Bonds 

The Ministry of Finance (MoF) made a bond offering this week listed on the Tel-Aviv Stock Exchange, amounting to US $0.2 billion, and since the beginning of the year the MoF has raised US $5.2 billion.

In 2014, the MoF raised US $14.5 billion in bond offerings on the TASE.

Constituent update in TASE-BlueStar Israel Global Index (TA-BIGITech) 

This week there was the semi-annual constituent update of TA-BIGITech Index - the first index to include Israeli high tech companies or those connected with Israel that are traded on the TASE and/or overseas. The Index can constitute an underlying asset for ETNs and tracker funds in Israel and overseas.

Following the semi-annual update made on June 22, the Index comprises 67 companies with a market cap totaling US$ 84 billion. 38 are companies traded only overseas (US, London and Singapore), 26 are dual listed companies, and 3 companies are traded only on the TASE.  

BOI Interest Rate  

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

Unemployment  

The Central Bureau of Statistics released figures indicating that the unemployment rate increased in May 2015 to 5%, after a record low of 4.8% in April 2015, and compared with an average of 5.9% for 2014.

Composite State-of-the-Economy Index 

The Bank of Israel released figures indicating that the Composite State-of-the Economy Index rose 0.3% in May 2015, similar to its rate of growth for the first third of the year.

Sector Indices

   

                     WEEK
                            2015
    TA Tech-Elite    -0.7% 14.4%
    TA Banks         1.5%  17.8%
    TA Real
    Estate-15        -3.8% 11.02%

Foreign Exchange

   

               WEEK
                      2015
    Dollar/NIS -1.7% -3.1%
    Euro/NIS   -2.6% -10.6%

Facts & Figures 

The Tel-Aviv Stock Exchange features in May 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)