Weekly Review March 7-11, 2010

The second trading week of March on the Tel Aviv Stock Exchange (TASE) was marked by a mix trend.
 
The TA-25 index which almost didn't change over the week, remained 5.5% higher from its level at the beginning of this year, after a sharp rise of 75% rate of return attained in 2009.
 
The TA-100 index rose 0.5% and is now higher by 7.5% from its level at the beginning of the year, after a sharp rise of 89% rate of return attained in 2009.
 
The Tel Tech-15 index of large technology companies rose by 1.5% this week. The major financial institutions shares remained unchanged while the shares of large real estate companies dropped 0.8%.
 
Israel’s Central Bureau of Statistics released figures for Q4/2009 that indicates a 4.9% increase in GDP growth (in annual terms).The total GDP growth for 2009 - 0.7%.
 
A total of $200 million was raised this week by the private sector in 5 corporate bond issues. The total amount raised by the private sector so far this year comes to $2 billion after total of $9.3 billion raised in the entire 2009 year.

From the total amount raised this year in corporate bond issues stood out the banking sector and the real estate companies with 42% and 25%, respectively.
 
The Israeli treasury raised US $420 million this week in a local government bond issue, bringing the 2010 total to US $3 billion.