Tel Aviv Stock Exchange Weekly Review: 7-11 December 2014
TEL AVIV, Israel, December 11, 2014 /PRNewswire/ --
Trading on the Tel Aviv Stock Exchange (TASE) during the second week of December was marked by a mixed trend for all leading share indices; "Shapir" raised US $110 million in the largest IPO since 2010
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TA-25
The TA-25 index increased 0.2% over the week, bringing year-to-date increase to 11.9%
TA-100
The TA-100 index decreased 0.1% over the week, bringing year-to-date increase to 9.1%
TA-Biomed
The TA-Biomed index increased 6.3% over the week, bringing year-to-date decrease to 31.3%.
Share Offerings
This week there was an IPO of shares by Shapir Engineering for US $110 million. This is the largest IPO since July 2010.
In addition, two long-established companies raised US $8 million in share offerings to the public.
Since the beginning of 2014 the business sector raised US $2.1 billion through share offerings on the TASE, compared with US $1.7 billion raised for the whole of 2013.
Corporate Bonds
This week there was a bond offering to the public by a new foreign company, the fifth this year, which is engaged in initiating real estate projects and income-producing real estate in New York - All Year, which raised US $100 million.
In addition, the property company Minrav made a bond offering to the public amounting to US $46 million.
Since the beginning of the year the business sector raised US $16.1 billion through bond offerings, of which US $6 billion on the "TACT Institutional" system, after raising US $10 billion for the whole of 2013.
Government Bonds
The Ministry of Finance (MoF) made a public bond offering listed on the TASE amounting to US $0.3 billion.
Since the beginning of the year the MoF raised US $14.2 billion in bond offerings on the TASE, after raising US $18.2 billion for the whole of 2013.
ETN Offerings
This week two new ETNs were issued on US share indices.
Currently there are 590 ETNs traded on the TASE.
Foreign Investors
The Bank of Israel released figures this week indicating that foreign investors acquired a net US $190 million in holdings of TASE-listed shares in October, and since the beginning of the year acquired a net USS $1.1 billion.
In addition, foreign investors acquired a net US $40 million Israel government bonds in October, and since the beginning of the year acquired a net US $2.1 billion Israel government bonds. Foreign investors also acquired a net US $215 million Israeli T-bills in September, totaling US $1.1 billion since the beginning of the year.
Sector Indices
WEEK
2014
TA Bluetech 0.8% -5.3%
TA Banks 1.8% -1.9%
TA Real
Estate-15 0.4% 4.6%
Foreign Exchange
WEEK
2014
Dollar/NIS -1.1% 12.9%
Euro/NIS -0.3% 2.1%
Facts & Figures
The Tel-Aviv Stock Exchange features in November 2014:
- 473 companies listing equities.
- 588 Exchange Traded Notes.
- 31 series of government bonds.
- 74 Series of Institutional bonds.
- 607 series of corporate bonds.
- 1,310 mutual funds.
- Market Cap. (US$ billions)
- Equities - 203
- Government bonds - 129
- Corporate bonds - 82
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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