Tel Aviv Stock Exchange Weekly Review: May 31 - June 04, 2015

TEL AVIV, Israel, June 4, 2015 /PRNewswire/ --

Trading on the Tel-Aviv Stock Exchange (TASE) during the first week of June was marked by a mix trend in the leading share indices; 

Declines in CPI-linked government bond prices; 

Continued offerings in the bond market. 

TA-25  

The TA-25 index increased 1.2% over the last week, and increased 15.8% since the beginning of the year, after an increase of 10.2% for the whole of 2014.

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

TA-100  

The TA-100 index increased 1.0% over the last week, and increased 13.9% since the beginning of the year, after an increase of 6.7% for the whole of 2014.

TA  MidCap-50 

The TA MidCap-50 Index decreased 2.6% over the week, and increased 13.6% since the beginning of the year, after a decrease of 11.5% in 2014.   

CPI Linked Government Bond Index 

The index decreased 2.7% over the week, completing a decrease of 5.8% in the last six trading weeks.

Since the beginning of the year, the index rose 1.5%, after an increase of 6% in 2014.  

Corporate Bonds 

This week three companies raised US$ 340 million in bond offerings to the public. Oil Refineries raised US$ 137 million, and two real estate companies - Property and Building and Industrial Building - raised US$ 122 million and US$ 80 million, respectively.

Since the beginning of the year the business sector raised US$ 6.4 billion through bonds.

In 2014, the business sector raised US$ 16.1 billion through bonds on the TASE.

Government Bonds 

The Ministry of Finance (MoF) made a bond offering this week listed on the Tel-Aviv Stock Exchange, amounting to US $0.2 billion, and since the beginning of the year the MoF has raised US $4.6 billion.

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

Economic Growth Forecast 

The Organization for Economic Cooperation and Development (OECD) updated its growth forecast for the year 2015:

Growth in Israel of 3.4% compared with the previous estimate of 3%, and growth worldwide of 3.1% compared with the previous estimate of 3.7%.

Sector Indices

   

                     WEEK   2015
    TA Tech-Elite    1.5%  17.1%
    TA Banks         0.9%  12.0%
    TA Real
    Estate-15       -1.8%  17.4%

Foreign Exchange

   

                WEEK   2015
    Dollar/NIS -1.0%  -1.4%
    Euro/NIS    2.5%  -7.8%

Facts & Figures 

The Tel-Aviv Stock Exchange features in May 2015:

• 469 companies listing equities.
• 629 Exchange Traded Notes.
•   31 Series of government bonds.
•   72 Series of Institutional bonds.
• 590 series of corporate bonds.
• 1,352 mutual funds.
• Market Cap. (US$ billions)
  • Equities - 226
  • Government bonds - 130
  • Corporate bonds - 83

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)

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED