Weekly Review: April 3 - April 7, 2011

Share trading in the first week of April 2011 was marked by highly volatile and declines in all leading indices.
  • The TA-25 index, which decreased 0.3% over the week, closing 0.7% lower than at the beginning of the year, following a 16% increase in 2010.
  • The TA-100 index decreased 0.4% this week, but is 1.8% lower than at the beginning of the year, after gaining 15% in 2010.
  • On Sunday, April 3, 2011, TASE launched five new share price indices:
    • The TA-Technology index is a composite index of the shares of all electronics, IT, cleantech and venture capital companies.
    • The TA Blue Tech- 50 index replaces the Tel Tech Index and includes the 50 most highly capitalized constituent companies of the TA-Technology and Biomed indices.
    • Three new industry indices – the TA Oil&Gas index, the TA Com index and the TA-Insurance index includes the large companies in each of the these industries.
  • The Tel Aviv Finance and TA Estate- 15 indices declined 2.4% and 2.1% respectively, this week. The TA Blue Tech- 50 index lost 1.8% over the week.
  • The Israeli government floated bonds on TASE equaling US $430 million, bringing the year-to-date total of new local government bond issues to US $4.7 billion.
  • The dollar/NIS exchange rate on April 7th came to 3.451, marking a 0.6% weekly decline. The NIS has appreciated 2.8% against the dollar since the beginning of the year, after appreciating 6% in 2010.
  • The Euro/NIS exchange rate on April 7th came to 4.9254, gaining 0.1% this week against the NIS. The Euro has appreciated 4% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.