Tel Aviv Stock Exchange Weekly Review: 22-26 February 2015

TEL AVIV, Israel, February 26, 2015 /PRNewswire/ --

TA-25  

The TA-25 index increased 2.2% over the week and increased 3.6% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

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TA-100  

The TA-100 index increased 2.5% over the week and increased 4.3% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA-Biomed 

The TA-Biomed index increased 6.0% over the week and increased 17.8% since the beginning of the year, after a decrease of 34% for the whole of 2014.

ETN Offerings 

This week six new ETNs were issued on international share indices.

Currently there are 616 ETNs traded on the TASE.

Share Offerings 

This week there were two share offerings to the public by technology companies and a rights issue by a bio-med company amounting to US $8 million.

Since the beginning of the year, the business sector raised US $320 million in the share market on the TASE.

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

Corporate Bonds 

This week there were two bond offerings by the business sector amounting to US $220 million, of which US $208 were raised by Delek Group.

Since the beginning of the year, the business sector raised US $2.5 billion through bond offerings.

In 2014 the business sector raised US $16.1 billion through bond offerings on the TASE.

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 $1.6 billion. In 2014 the MoF raised US $14.5 billion in bond offerings on the TASE.

BOI Interest Rate  

The Bank of Israel lowered the interest rate by 0.15% to a record low of 0.1% from March 2015.

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 January 2015. The rate of growth of the index accelerated from August 2014, under the effect of exceptional growth in the last quarter of the year following recovery of the economy from the "Protective Edge" Operation.

Economic Growth 

The Ministry of Finance released this week a forecast of data for the year 2014, including GDP at the rate of 2.9% this year compared with 3.2% for the year 2013.

Unemployment  

The Central Bureau of Statistics released figures indicating that the unemployment rate decreased slightly from 5.7% in December 2014 to 5.6% in January 2015. The average rate of unemployment for 2014 reached 5.9%.

Sector Indices

   

                     WEEK
                           2015
    TA Tech-Elite    6.0% 15.3%
    TA Banks         1.3%  1.1%
    TA Real
    Estate-15        4.0% 13.3%

Foreign Exchange

   

                WEEK
                       2015
    Dollar/NIS  1.9%   1.1%
    Euro/NIS    2.1%  -5.5%

Facts & Figures 

The Tel-Aviv Stock Exchange features in January 2015:

• 471 companies listing equities.
• 592 Exchange Traded Notes.
•   29 series of government bonds.
•   75 Series of Institutional bonds.
• 599 series of corporate bonds.
• 1,328 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 197
  • Government bonds - 127
  • Corporate bonds - 79

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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