Bi-weekly Review: June 5-16, 2011

Equity trading on TASE over the past two weeks was volatile, with all leading share price indices closing lower.
  • The TA-25 index, which declined 1.8% over the two-week period, is now 9.1% lower than its beginning-of-the-year level, following a 16% increase in 2010.
  • The TA-100 index fell 1.7% over the two weeks, bringing the year-to-date decline to 10.3%, following a 15% increase in 2010.
  • The TA Bluetech-50 lost 1.4% while the TA-Banks lost 1.9% and Real Estate-15  fell 3.9% in the last two weeks.
  • The Treasury floated government bonds on the local market equaling US $440 million. The year-to-date total of government bond issues comes to US $7.2 billion, as opposed to US$ 15.2 for the entire 2010 year.
  • The Central Bureau of Statistics released figures for May 2011. The CPI index increased 0.5%, bringing year-to-date inflation rate to 1.8%, following a CPI increase of 2.7% in 2010.
  • The Bank of Israel released new foreign investment figures indicating that foreign investors increased financial investments in shares by approximately US $260 million in April and by US $800 million since the beginning of the year, following withdrawals of a similar magnitude in 2010.
  • The NIS/dollar exchange rate on June 16 came to 3.485, marking a bi-weekly increase of 2.9%. Since the beginning of the year, the NIS has appreciated 1.8% against the dollar, after appreciating 6% in 2010.
  • The NIS/Euro exchange rate on June 16 came to 4.9114 increasing 0.1% over the two weeks against the NIS. The Euro has appreciated 3.7% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.