Weekly Review: February 6-10, 2011

Trading on the Tel Aviv Stock Exchange (TASE) in the second week of February 2011 was marked by high share price volatility and mixed trend.


The TA-25 index, which gained 0.3% over the week, is still off 1.8% from its beginning of the year level, following a 16% return in 2010.


The TA-100 index, which dropped 0.3% over the week is some 1.5% lower than at the beginning of the year, following a 15% return in 2010.


The Real Estate 15 index and the TA Banks gained 1% and 0.3% respectively, while the Tel Tech 15 dropped 1.3%.


The Israeli government issued US $380 million bonds on TASE this week, bringing total government bond issues since the beginning of the year to US $2 billion.


According to data released by the Bank of Israel, in December 2010, foreign investors injected US $190 million and US $590 million respectively in the TASE stock and bond markets. In total, foreign investment in TASE-listed shares fell by $0.8 billion in 2010, while foreign investment in Israeli T-bills (MAKAM) increased by US$ 9.6 billion.


The NIS/US dollar exchange rate on 10 February came to 3.688, declining 0.7% over the week. Since the beginning of the year the dollar appreciated 3.9% against the shekel, after depreciating 6% in 2010.


The NIS/Euro on the 10 February came to 5.0321, declining 0.6% over the week. Since the beginning of the year the Euro appreciated 6.2% against the shekel after a depreciation of 12.9% in 2010.