Weekly Review: April 10 - April 14, 2011

Share trading in the second week of April 2011 was marked by highly volatile and declines in all leading indices.
  • The TA-25 index, which gained 0.7% over the week, is now at the same level as at the beginning of the year, following a 16% increase in 2010.
  • The TA-100 index increased 0.2% this week, but is still 1.6% lower than at the beginning of the year, after gaining 15% in 2010.
  • The TA Banks index stood out this week jumping 3%, while the TA Blue Tech – 50 and the Real Estate 15 indices decreased 0.5% and 0.2% respectively.
  • Six companies raised US $650 million this week in corporate bond offerings. Total debt capital raise by the business sector came to US $4.2 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 $420 million, bringing the year-to-date total of new local government bond issues to US $5.1 billion.
  • The dollar/NIS exchange rate on March 14th came to 3.431, marking a weekly decline of 0.2%. Since the beginning of the year, the NIS has appreciated 3.3% against the dollar, after appreciating 6% in 2010.
  • The Euro/NIS exchange rate on March 14th came to 4.9362, decline of 0.4% this week against the NIS. The Euro has appreciated 4.2% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.