Tel Aviv Stock Exchange Weekly Review: 8-12 February 2015

TEL AVIV, Israel, February 12, 2015 /PRNewswire/ --

TA-25  

The TA-25 index decreased 0.6% over the week and decreased 0.9% 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 did not change over the week and decreased 0.6% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

Dual Listed Company - "Ormat Technologies" 

On Tuesday, 10.2.2015, trading commenced on the TASE in the shares of "Ormat Technologies" - a foreign clean-tech company which was merged with the quoted company "Ormat Industries" and whose shares are traded in the US on the NYSE.

The company's shares were added to the TA-25 and TA-Tech Elite indices on 15.2.2015.

Currently 45 dual listed companies are traded on the TASE and also traded in the US or in Europe, and there are also 4 companies whose shares are traded also overseas but not under a dual listing.

Share Offerings 

This week there was a share offering to the public and a rights issue amounting to US $150 million. The rights issue by IDB Development was notable in size amounting to US $108 million.  

Since the beginning of the year, the business sector raised US $280 million in the share market on the TASE.

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

Corporate Bonds 

This week there were two bond offerings by the business sector amounting to US $240 million. The largest offering was made by the real estate company Azrieli Group that raised US $160 million.

Since the beginning of the year, the business sector raised US $2.2 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 $0.2 billion, and since the beginning of the year the MoF raised US $1.4 billion.

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

ETN Offerings  

This week 4 new ETNs were issued on international share indices. Currently there are 595 ETNs traded on the Tel-Aviv Stock Exchange.

Foreign Investors  

The Bank of Israel released figures this week indicating that foreign investors acquired a net US $120 million in TASE-listed shares in December, and since the beginning of 2014 acquired a net USS $1.3 billion. In December, the net acquisition of government bonds by foreign investors stopped, and since the beginning of 2014 acquisitions amounted to US $2.3 billion.

Foreign investors disposed of a net US $20 million of Israeli T-bills in December, totaling US $1.1 billion since the beginning of 2014.

Sector Indices

   

                     WEEK
                           2015
    TA Tech-Elite    2.4%  6.1%
    TA Banks        -1.7% -5.6%
    TA Real
    Estate-15        0.2%  8.1%

Foreign Exchange

   

               WEEK
                       2015
    Dollar/NIS  0.6%   0.1%
    Euro/NIS   -0.4%  -6.5%

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

About  TASE 

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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