Tel Aviv Stock Exchange Weekly Review: 7-11 September 2014

TEL AVIV, Israel, September 11, 2014 /PRNewswire/ --

Trading on the Tel Aviv Stock Exchange (TASE) during the second week of September was marked by a mix trend for the leading share indices 

Giant offerings in the bond market - Bank Mizrahi Tefahot raised US $830 million inone of  the largest offering in the history of the TASE bonds market 

TA-25  

The TA-25 index did not change over the week, bringing year-to-date increase to 7.1%.

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

TA-100  

The TA-100 index decreased 0.1% over the week, bringing year-to-date increase to 6.4%.

TA-Banks 

The TA-Banks index increased 0.6% over the week, bringing year-to-date increase to 1.3%.

Corporate Bonds 

Bank Mizrahi Tefahot raised US $830 million this week in one of the largest public offerings in the history of the Tel-Aviv Stock Exchange bonds market.

It should be noted that Mizrahi Tefahot is the most prominent issuer this year in the bond market with three bond offerings totaling US $1.6 billion.

In addition there were five bond offerings this week, including four offerings of real estate companies, for US $430 million. The largest offerings were by Oil Refineries (US $165 million) and Housing & Construction (US $119 million).

Since the beginning of the year the business sector raised US $11.3 billion through bond offerings, of which US $3.7 billion on the "TACT Institutional" system, after raising US $10.1 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 $11.5 billion in bond offerings on the TASE, after raising US $18.2 billion for the whole of 2013.

Foreign Investors 

The Bank of Israel released figures this week indicating that foreign investors acquired a net US $150 million in TASE-listed shares in July, and since the beginning of the year acquired a net US $780 million. 

In addition, foreign investors acquired a net US $100 million Israel government bonds in July, and since the beginning of the year acquired a net US $800 million Israel government bonds.

Sector Indices

                     Week
                            2014
    TA Bluetech-50   -0.8% -6.6%
    TA Banks          0.6%  1.3%
    TA Real
    Estate-15        -0.2%  6.3%

Foreign Exchange

               WEEK   2014
    Dollar/NIS 0.6%   4.5%
    Euro/NIS   0.5%  -2.0%

Facts & Figures 

The Tel-Aviv Stock Exchange features in August 2014:

• 473 companies listing equities.
• 594 Exchange Traded Notes.
• 33 series of government bonds.
• 72 Series of Institutional bonds.
• 600 series of corporate bonds.
• 1,290 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 212
  • Government bonds - 140
  • Corporate bonds - 90

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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