Tel Aviv Stock Exchange Weekly Review: 11-15 January 2015

TEL AVIV, Israel, January 15, 2015 /PRNewswire/ --

There were continued declines in telecommunications shares 

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TA-25  

The TA-25 index decreased 0.4% over the week, and decreased 0.1% since the beginning of the year, after an increase of 10% for the whole of 2014.

TA-100  

The TA-100 index decreased 0.7% over the week, and decreased 0.5% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA-Com  

The TA-Com index decreased 3.3% over the week and decreased 9.5% since the beginning of the year, after an increase of 10% for the whole of 2014.

Share Offerings 

This week there was one share offering by a biomed company amounting to US $0.5 million. Since the beginning of the year, two biomed companies raised US $0.9 million through share offerings to the public.

In 2014 the business sector raised US $2.1 billion through shares on the TASE.

Corporate Bonds 

This week there were three corporate bond offerings to the public amounting to US $330 million. This week the largest offering  was made by First International Bank amounting to US $173 million.

Since the beginning of the year companies raised US $523 million through share offerings to the public, of which 70% of the amount by the banks.

For the whole of 2014 the business sector raised US $16.1 billion through bonds, of which US $5.8 billion on the "TACT Institutional" system.

Government Bonds 

The Ministry of Finance (MoF) made a bond offering this week listed on the Tel-Aviv Stock Exchange for US $0.2 billion.

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

Dual Listed Company - "Kenon Holdings" 

On Sunday, 11.1.2015, trading commenced on the TASE in the shares of "Kenon Holdings" - a foreign investment company that split off from the TASE listed company "The Israel Corporation" and its shares are traded in the US on the NYSE from 6.1.2015.

The company's shares were added to the TA-25 and TA-100 indices in the TA-Universe with the beginning of trading on 11.1.2015

Currently 44 dual listed companies are traded on the TASE whose shares are also traded in the US or in Europe, and there are also 4 companies whose shares are traded also overseas but not under a dual listing.

Sector Indices

   

                     WEEK
                           2015
    TA Bluetech      -0.3% 1.0%
    TA Banks         -0.2% -0.4%
    TA Real
    Estate-15        2.8%  2.2%

Foreign Exchange

   

               WEEK
                      2015
    Dollar/NIS -1.5%  0.3%
    Euro/NIS   -2.2% -3.3%

Facts & Figures 

The Tel-Aviv Stock Exchange features in December 2014:

• 473 companies listing equities.
• 591 Exchange Traded Notes.
• 31 series of government bonds.
• 75 Series of Institutional bonds.
• 607 series of corporate bonds.
• 1,330 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 201
  • Government bonds - 128
  • Corporate bonds - 80

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)

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