Tel Aviv Stock Exchange Weekly Review: 8-12 March 2015
TEL AVIV, Israel, March 12, 2015 /PRNewswire/ --
Trading on the Tel Aviv Stock Exchange (TASE) during the second week of March was marked by a mix trend in the leading TASE indices;
Daily record volume in the weekly options on the TA-25 Index;
Continued offerings in the bond market - Two foreign real estate companies raised US $267 million in an initial bond offering
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TA-25
The TA-25 index increased 2.4% over the week and increased 6.9% since the beginning of the year, after an increase of 10.2% for the whole of 2014.
TA-100
The TA-100 index increased 1.5% over the week and increased 6.8% since the beginning of the year, after an increase of 6.7% for the whole of 2014.
TA-Oil & Gas
The TA-Oil & Gas index decreased 4.5% over the week and decreased 2.2% since the beginning of the year, after decrease of 20% for the whole of 2014.
Corporate Bonds
This week there were two bond offerings by the foreign real estate companies Related and GFI, which raised US $211 million and US $56 million, respectively, in an initial bond offering on the TASE.
Since the beginning of the year, the business sector raised US $3.8 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 $2.3 billion. In 2014 the MoF raised US $14.5 billion in bond offerings on the TASE.
Daily record volume in the weekly options on the TA-25 Index
The trading volume in the weekly options on the TA-25 Index, launched in July 2013, reached a daily record of 102 thousand units in March 2015. This volume is 40% higher than the previous daily record which was reached on December 16, 2014.
Foreign Investors
The Bank of Israel released figures this week indicating that foreign investors acquired a net US $200 million in TASE-listed shares in January, and for the whole of 2014 acquired a net US $1.3 billion.
In addition, in January, foreign investors acquired a net US $130 million, and for the whole of 2014 acquisitions amounted to US $2.3 billion. Foreign investor activity in Israeli T-bills in January was balanced out, after net acquisitions totaling US $1.1 billion for the whole of 2014.
Growth Rate
The Central Bureau of Statistics updated the growth rate for 2014 to 2.8%, after GDP increased by 3.2% and 3.0% for the years 2013 and 2012, respectively.
Sector Indices
WEEK
2015
TA Tech-Elite 0.4% 16.8%
TA Banks -0.4% 0.9%
TA Real
Estate-15 -2.3% 13.0%
Foreign Exchange
WEEK
2015
Dollar/NIS 1.0% 3.4%
Euro/NIS -3.6% -9.6%
Facts & Figures
The Tel-Aviv Stock Exchange features in February 2015:
- 471 companies listing equities.
- 616 Exchange Traded Notes.
- 29 series of government bonds.
- 74Series of Institutional bonds.
- 604 series of corporate bonds.
- 1,328 mutual funds.
- Market Cap. (US$ billions)
- Equities - 204
- Government bonds - 128
- Corporate bonds - 80
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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