Weekly Review: May 1 - May 5, 2011

Share trading in the first week of May 2011 was marked by declines in all leading indices.
  • The TA-25 index, which decreased 2.8% over the week, is now 3.7% lower than at the beginning of the year, following a 16% increase in 2010. 
  • The TA-100 index, which decreased 2.9% over the week, is off 5.2% from its beginning-of- the-year level, after gaining 15% in 2010.
  • The TA Blue Tech – 50 index decreased this week 3.7%. The Real Estate 15 and the TA Finance indices decreased 3.3%.
  • Three companies raised US $240 million this week in corporate bond offerings. Total debt capital raise by the business sector came to US $4.9 billion since the beginning of the year, compared to US $11.5 billion in the entire 2010 year.
  • The Israeli government floated bonds on TASE equaling US $300 million, bringing the year-to-date total of new local government bond issues to US $5.9 billion, compared to US $15.2 billion in the entire 2010 year.
  • The NIS/dollar exchange rate on May 5th came to 3.407, gaining 0.4% this week against the NIS. Since the beginning of the year, the NIS has appreciated 4% against the dollar, after appreciating 6% in 2010.
  • The Euro/NIS exchange rate on May 5th came to 5.0528, gaining 0.3% this week against the NIS. The Euro has appreciated 6.6% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.