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

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

TA-25  

The TA-25 index decreased 0.4% over the week and increased 8.8% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

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

TA-100  

The TA-100 index decreased 0.7% over the week and increased 8.4% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

ETN Offerings 

This week 3 new ETNs were issued on share indices in the US.

Currently there are 612 ETNs traded on the TASE.  

Corporate Bonds 

This week Bank Hapoalim raised US $753 million in a giant public bond offering.

In addition, 2 real estate companies made public bond offerings this week amounting to US $70 million.

Since the beginning of the year, the business sector raised US $4.0 billion through bond offerings.

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

Share Offering 

This week there were two public offerings and one rights issue amounting to US $5 million.

Since the beginning of the year, the business sector raised US $375 million in the share market on the TASE.

In 2014 the business sector raised US $2.1 billion through shares 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 $0.2 billion, and since the beginning of the year the MoF raised US $2.5 billion. In 2014 the MoF raised US $14.5 billion in bond offerings on the TASE.

BOI Interest Rate  

The Bank of Israel left the interest rate unchanged at 0.1% for April 2015.

Composite State-of-the-Economy Index 

The Bank of Israel released figures indicating that the Composite State-of-the Economy Index rose 0.2% in February 2015, similar to its average rate of growth in 2014. In the previous months, the index increased at a faster rate reflecting mainly the recovery of the economy from the "Protective Edge" Operation.

Macro-Economic Forecast  

The Bank of Israel formulated a macro-economic forecast for the Israeli economy, according to which GDP is expected to grow by 3.2% in 2015 and 3.5% in 2016, and the interest rate in the economy will remain unchanged at 0.1% until the end of 2015.

Sector Indices

                    
                      WEEK   2015

    TA Tech-Elite    -3.7%  15.5%
    TA Banks          2.5%   3.8%
    TA Real
    Estate-15         2.2%  17.8%

Foreign Exchange

    
                  WEEK   2015

    Dollar/NIS   -2.7%   1.4%
    Euro/NIS      0.3%  -8.1%

Facts & Figures 

The Tel-Aviv Stock Exchange features in February 2015:

• 471 companies listing equities.
• 616 Exchange Traded Notes.
•   29 series of government bonds.
•   74Series of Institutional bonds.
• 604 series of corporate bonds.
• 1,328 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 204
  • Government bonds - 128
  • Corporate bonds - 80

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)

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED