Weekly Review: 28 November -2 December, 2010

Trading on the Tel Aviv Stock Exchange (TASE) was marked this week by high share price volatility and mixed trend.


The TA-25 index, which did not change this week, closed with a year-to-date return of 10.2%, after recording a 75% gain in 2009.


The TA-100 index, which increased 0.1%, clocked a year-to-date return of 9.4%, after an 89% increase in 2009.


The Real Estate-15 and Tel Tech-15 indices lost 0.1%-0.2%, while the TA- Finance index increased 0.7%.


Six companies published prospectuses to raise a total of US $90 million in IPOs in December. Three of these are “biomed” firms, which will join the 52 biomed companies (combined market cap of $US 4 billion) already listed on TASE.


The Israeli government issued bonds on US $335 million bonds, bringing the year-to-date total to US $13.9 billion, as opposed to US $17.4 billion in 2009.


The Israel Central Bureau of Statistics released employment statistics for the third quarter of 2010. Unemployment came to 6.6%, slightly higher than that for the previous quarter (6.4%).