Tel Aviv Stock Exchange Weekly Review 9-13 March 2014
Trading on the Tel Aviv Stock Exchange (TASE) during the second week of March was marked by a mixed trend for leading TASE indices; Two IPOs of new real estate companies in Tel Aviv
TEL AVIV, Israel, March 13, 2014 /PRNewswire/ --
TA-25
The TA-25 index increased 0.3% over the week, bringing year-to-date increase to 3.3%.
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TA-100
The TA-100 index decreased 0.4% over the week, bringing year-to-date increase to 5.0%.
TA-Oil & Gas The TA-Oil & Gas increased 1.8% over the week, bringing year-to-date increase to 4.4%.
TA-Technology
The TA Technology index decreased 3.6% over the week, bringing year-to-date increase to 3.5%.
Share Offerings
This week there were 2 initial public share offerings, after a half-year break, by the real estate companies Mediterranean Towers and Skyline (a Canadian corporation) of US $64 million and US $20 million respectively.
Since the beginning of the year the business sector has raised US $0.9 billion through share offerings in Tel-Aviv.
In addition, two hi-tech companies Bioline RX and Audiocodes whose shares are listed also on NASDAQ raised this week US $56 million through share offerings in US.
Corporate Bonds
This week the new real estate company Mediterranean Towers also made a bond offering amounting to US $71 million.
Since the beginning of the year the business sector raised US $2.4 billion through bonds, of which US $0.8 billion on the "TACT International" system.
Government Bonds
This week 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 $3.2 billion.
Sector Indices
WEEK 2014 TA Bluetech-50 -2.2% 6.9% TA Banks 1.2% -2.4% TA Real Estate-15 -0.8% 1.8%
Foreign Exchange
WEEK 2014 Dollar/NIS 0.2% -0.2% Euro/NIS 0.7% 1.1%
Facts & Figures
The Tel-Aviv Stock Exchange features in February 2014:
- 493 companies listing equities.
- 546 Exchange Traded Notes.
- 34 series of government bonds.
- 73 Series of Institutional bonds.
- 605 series of corporate bonds.
- 1,271 mutual funds.
- Market Cap. (US$ billions)
- Equities - 214
- Government bonds - 139
- Corporate bonds - 89
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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