Tel Aviv Stock Exchange Bi-Weekly Review: 4-15 May 2014

TEL AVIV, Israel, May 15, 2014 /PRNewswire/ --

Companies continue to raise capital through shares and debt offerings.  

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TA-25  

The TA-25 index decreased 0.1% over the last two weeks, bringing year-to-date increase to 3.7%.

TA-100  

The TA-100 index decreased 0.5% over the last two weeks, bringing year-to-date increase to 3.1%.

TA-Oil & Gas 

The TA-Oil & Gas index increased 1.9% over the last two weeks, bringing year-to-date increase to 10.3%.

TASE launched the TA Tech-Elite Index 

On May 11 TASE launched the
TA Tech-Elite Index. The Index comprises shares of the largest high tech companies. The Index includes 34 shares - 22 technology shares and 12 biomed shares.

Share Offerings 

In the first two weeks of May there were three share offerings amounting to US 104 million.

Since the beginning of the year the business sector raised US $1.1 billion through share offerings, after raising US $1.7 billion for the whole of 2013.

Corporate Bonds 

In the first two weeks of May there were four corporate bond offerings amounting to US $190 million.

Since the beginning of the year the business sector raised US $3.8 billion through bond offerings of which US $1.1 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 two public bond offering listed on the TASE amounting to US $0.6 billion.

Since the beginning of the year the MoF raised US $6.1 billion in bond offerings on the Tel-Aviv Stock Exchange, after raising US $18.2 billion for the whole of 2013.

ETN Offerings 

Two new ETNs were issued this week - ETN on the Tel Bond-CPI Linked Bank Index, and currency-neutral ETN on international share index. Currently there are 564 ETNs traded on the TASE.

Foreign Investors 

The Bank of Israel released figures this week indicating that foreign investors liquidated a net US $140 million in TASE-listed shares in March, following the acquisition of shares amounting to US $370 million in the first two months of 2014, and a net total of US $1.5 billion for the whole of 2013.

In addition, foreign investors acquired a net US $100 million Israel government bonds in March, following liquidation of a net US $70 million of Israel government bonds in January - February 2014.

Sector Indices

                     2 Week
                            YTD 2014
    TA Bluetech-50   -2.6%   -5.3%
    TA Banks          1.5%   -0.4%
    TA Real
    Estate-15         0.2%    2.3%

Foreign Exchange

               WEEK   2014
    Dollar/NIS -0.1% -0.5%
    Euro/NIS   -1.5% -1.3%

Facts & Figures 

The Tel-Aviv Stock Exchange features in April 2014:

• 485 companies listing equities.
• 562 Exchange Traded Notes.
• 34 series of government bonds.
• 72 Series of Institutional bonds.
• 593 series of corporate bonds.
• 1,273 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 214
  • Government bonds - 142

Corporate bonds - 90

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(3)5677-405/6

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

SOURCE Tel Aviv Stock Exchange Ltd