Tel Aviv Stock Exchange Weekly Review: 14-18 September 2014

TEL AVIV, Israel, September 18, 2014 /PRNewswire/ --

Trading on the Tel Aviv Stock Exchange (TASE) during the third  week of September was ended up for most leading share indices 

Further giant offerings in the bond market -Bank Hapoalim raised US $838 million in the largest offering in the history of the TASE bond market    

TA-25  

The TA-25 index increased 1.6% over the week, bringing year-to-date increase to 8.8%.

     (Logo: http://photos.prnewswire.com/prnh/20130117/588933 )

TA-100  

The TA-100 index increased 1.3% over the week, bringing year-to-date increase to 7.8%.

TA-Com 

The TA-Com index decreased 1.4% over the week, bringing year-to-date increase to 10.6%.

Corporate Bonds 

Bank Hapoalim raised US $838 million in the largest offering in the history of the TASE bond market.

In addition there were seven bond offerings this week, including four offerings by real estate companies, for US $360 million. The largest offering was by the Africa Investments real-estate company for US $150 million.

Since the beginning of the year the business sector raised US $12.5 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 $0.3 billion.

Since the beginning of the year the MoF raised US $11.7 billion in bond offerings on the TASE, after raising US $18.2 billion for the whole of 2013.

CPI Index 

Figures released by the Central Bureau of Statistics indicate that in August 2014 the Consumer Price Index decreased 0.1%, remaining unchanged since the beginning of the year, following an increase of 1.8% for the whole of 2013.

Growth Rate 

The Central Bureau of Statistics released a decrease in the updated estimate of GDP for 2014: according to the new estimate GDP grew by 1.5% in the second quarter of the year on an annual basis, as opposed to 1.7% in the previous estimate.

In addition the Central Bureau of Statistics released an update that GDP grew by 2.3% in the first half of 2014 on an annual basis, as opposed to 2.5% in the previous estimate.

The Ministry of Finance also reduced the GDP forecast for 2014, including because of Operation "Protective Edge", from 2.9% to 2.4%.

Sector Indices

                     Week
                           2014
    TA Bluetech-50   1.2% (5.5%)
    TA Banks         1.4%  2.7%
    TA Real
    Estate-15        1.9%  8.3%

Foreign Exchange

               WEEK   2014
    Dollar/NIS 0.4%   5.1%
    Euro/NIS   0.0%  (1.7%)

Facts & Figures 

The Tel-Aviv Stock Exchange features in August 2014:

• 473 companies listing equities.
• 594 Exchange Traded Notes.
• 33 series of government bonds.
• 72 Series of Institutional bonds.
• 600 series of corporate bonds.
• 1,290 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 212
  • Government bonds - 140
  • 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(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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