Tel Aviv Stock Exchange Weekly Review 6-10 April 2014

TEL AVIV, Israel, April 10, 2014 /PRNewswire/ --



• Trading on the Tel Aviv Stock Exchange (TASE) during the second week of April ended down for most leading TASE indices
• Companies continue to raise capital through debt and share offerings 
• TASE launches the "Tel-Aviv Tech-Elite Index" 

TA-25  

The TA-25 index decreased 0.4% over the week, bringing year-to-date increase to 6.3%.

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TA-100  

The TA-100 index decreased 1.0% over the week, bringing year-to-date increase to 6.6%.

TA-Biomed  

The TA- Biomed decreased 4.5% over the week, bringing year-to-date increase to 7.0%.

TA-Com 

The TA-Com index increased 1.5% over the week, bringing year-to-date increase to 6.2%.

TA-Tech-Elite Index 

The Tel Aviv Stock Exchange (TASE) Board of Directors approved the launch of the TA Tech-Elite index, which will comprise the shares of the leading Technology and Biomed companies. It is anticipated that this new index will also be part of the new "Israeli High-tech" index, which will be calculated by an international index vendor and is expected to serve as the underlying asset for various index-tracking products, enabling greater exposure of Israel's high tech industry among foreign investors. There are currently 34 companies eligible for inclusion in the TA Tech-Elite index, 23 of which are Technology companies and 11 Biomed companies. The cumulative float-adjusted market cap of these companies exceeds US $13 billion.

The index is scheduled for launch on 11 May 2014.

Share Offering 

This week there were 2 share offerings amounting to US $35 million.

Since the beginning of the year the business sector has raised US $1 billion through share offerings in Tel-Aviv, after raising US $1.7 billion for the whole of 2013.

Corporate Bonds 

This week there were two corporate bond offerings amounting to US $102 million.

Since the beginning of the year the business sector raised US $2.8 billion through bonds, of which US $0.8 billion on the "TACT International" system, after raising US $10.1 billion for the whole of 2013.

Government Bonds 

This week the Ministry of Finance (MoF) made a public bond offering listed on the TASE amounting to US $0.5 billion.

Since the beginning of the year the MoF raised US $4.6 billion in bond offerings on the Tel-Aviv Stock Exchange, after raising US $18.2 billion for the whole of 2013.

ETN Offerings 

2 new currency-neutral ETNs were issued this week combining 100% foreign share indices. Currently there are 564 ETNs traded on the TASE.

Foreign Investors 

The Bank of Israel released figures this week indicating that foreign investors acquired a net US $300 million in TASE-listed shares in February, following the acquisition of shares amounting to US $80 million in the previous month.

In addition, foreign investors acquired US $100 million Israel government bonds in February, following the acquisition of Israel government bonds amounting to US $30 million in January.

Sector Indices

                      WEEK  2014
    TA Bluetech-50   -3.1%  3.7%
    TA Banks         -0.8% -0.2%
    TA Real
    Estate-15        -0.1%  3.7%

Foreign Exchange

                WEEK   2014
    Dollar/NIS -0.3%  -0.1%
    Euro/NIS    0.9%   0.5%

Facts & Figures 

The Tel-Aviv Stock Exchange features in March 2014:

• 488 companies listing equities.
• 555 Exchange Traded Notes.
• 33 series of government bonds.
• 72 Series of Institutional bonds.
• 605 series of corporate bonds.
• 1,271 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 219
  • Government bonds - 139

Corporate bonds - 88

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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