Tel Aviv Stock Exchange Weekly Review: 18-22 January 2015
TEL AVIV, Israel, January 22, 2015 /PRNewswire/ --
Trading on the Tel Aviv Stock Exchange (TASE) during the third week of 2015 was characterized by declines in prices of all the leading share indices led by telecommunications shares that fell by 5.4%
TASE launches the "Tel Bond-Non linked" bond index
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TA-25
The TA-25 index decreased 0.5% over the week and decreased 0.6% since the beginning of the year, after an increase of 10.2% for the whole of 2014.
TA-100
The TA-100 index decreased 0.8% over the week and decreased 1.4% since the beginning of the year, after an increase of 6.7% for the whole of 2014.
TA-Com
The TA-Com index decreased 5.4% over the week and decreased 14.4% since the beginning of the year, after an increase of 10.4% for the whole of 2014.
Share Offerings
This week there was one share offering to the public and two rights issues amounting to US $105 million. The largest issue was rights made by the real estate company A.D.O Group amounting to US $96 million.
Since the beginning of the year the business sector raised US $125 million on the TASE share market.
It should be noted that in 2014 the business sector raised US $2.1 billion through shares on the TASE
ETN Offerings
This week a new ETN was issued on a US bond index.
Currently there are 592 ETNs traded on the Tel-Aviv Stock Exchange, of which 204 ETNs on bond and commodity indices.
Government Bonds
The Ministry of Finance (MoF) made a bond offering listed on the Tel-Aviv Stock Exchange this week amounting to US $0.3 billion, and since the beginning of the year the MoF raised US $0.7 billion.
It should be noted that in 2014 the MoF raised US $14.5 billion in bond offerings on the TASE.
TASE launches the "Tel Bond-Non linked" Index
On January 20th 2015 TASE launched the "Tel Bond-Non linked" Index. This is the 11th Tel Bond index and comprises bonds of companies included in the Tel Bond-Shekel and Tel Bond-Floating indices. The Index comprises 74 bond series with a value of US $12.7 billion.
CPI Index
Figures released by the Central Bureau of Statistics indicate that the Consumer Price Index remained unchanged in December 2014.
For the whole of 2014 the index decreased, for the first time since 2006, 0.2%, following an increase of 1.8% in 2013.
Composite State-of-the-Economy Index
The Bank of Israel released figures indicating that the Composite State-of-the-Economy Index rose 0.3% in December 2014.
The rate of growth of the index in the last third of 2014 stabilized at a slightly higher level than the rate for March-August 2014.
Sector Indices
WEEK 2015
TA Tech-Elite -0.9% -0.3%
TA Banks -1.1% -1.4%
TA Real
Estate-15 -0.4% 1.7%
Foreign Exchange
WEEK
2015
Dollar/NIS 0.5% 1.2%
Euro/NIS 0.6% -3.1%
Facts & Figures
The Tel-Aviv Stock Exchange features in December 2014:
- 473 companies listing equities.
- 591 Exchange Traded Notes.
- 31 series of government bonds.
- 75 Series of Institutional bonds.
- 600 series of corporate bonds.
- 1,330 mutual funds.
- Market Cap. (US$ 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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