Tel Aviv Stock Exchange Weekly Review 15-19 December 2013

TEL AVIV, Israel, December 19, 2013 /PRNewswire/ --

Trading on the Tel-Aviv Stock Exchange (TASE) during the third week of December was marked by a mix trend for leading TASE indices; Companies continue to raise capital through debt offerings

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

TA-25

The TA-25 index decreased 0.3% over the week, bringing year-to-date increase to 11.6%.

TA-100

The TA-100 index increased 0.8% over the week, bringing year-to-date increase to 14.0%.

TA- Insurance

The TA-Insurance index increased 4.0% over the week, bringing year-to-date increase to 25%.

TA- Com

The TA-Com index decreased 1.4% over the week, bringing year-to-date increase to 50%.

Corporate Bonds

Three public bond offerings were completed this week, raising a total of US $305 million, of which US $160 million was raised by Elco Holdings.

Since the beginning of the year the business sector raised US $9.6 billion in corporate bond offerings, as opposed to US $10.2 billion in the entire 2012 year. Real estate companies stand out, accounting for 47% of this sum.

Government  Bonds

This week the Ministry of Finance (MoF) floated US $0.3 billion government bonds in an offering on the local market.  

Since the beginning of 2013 the MoF raised US $18 billion in public bond offerings as opposed to US $21.3 billion in 2012.

ETN Offerings

Ten new ETN series on foreign share price indices were issued this week.

TA-25 Constituent Changes

Within the framework of TASE's semi-annual rebalancing of its indices, the shares of BAZAN -Oil Refineries. were removed from the TA-25 index as of Sunday, December 15.

CPI Index

Figures released by the Central Bureau of Statistics indicate that in November 2013 the Consumer Price Index decreased 0.4%, bringing the total from the beginning of 2013 to 1.7%, following an increase of 1.6% for the entire 2012 year.

Sector Indices

                     WEEK  YTD
    TA Bluetech-50   2.0% 6.4%
    TA Banks         1.0% 14.2%
    TA Real
    Estate-15        1.3% 21.9%

Foreign Exchange

               WEEK   YTD
    Dollar/NIS 0.3%  -5.9%
    Euro/NIS   -0.3% -2.3%

Facts & Figures

The Tel-Aviv Stock Exchange features in November 2013:

• 511 companies listing equities (Ex. ETNs).
• 495 index-tracking products.
• 33 series of government bonds.
• 71 Series of Institutional bonds.
• 623 series of corporate bonds.
• 1,246 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 196
  • Government bonds - 137
  • Corporate bonds - 89

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

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