Weekly Review: 25 - 29 November 2012

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weekly review
 
 
 
25-29 November 2012
 
 
 
Trading during the final week of November ended higher for all leading TASE indices.
 
 
                                      
TA-25
The TA-25 index increased 1.6% over the week, bringing year-to-date increase to 13.3%.
 
 
TA-100
The TA-100 index increased 2.0% over the week, bringing year-to-date increase to 11.4%.
 
 
TA-Insurance
The TA-Insurance index stood out, jumping 8.2% over the week and bringing returns since the beginning of 2012 to 12.2%.
 
 
 
 
 
Government Bonds
The Government of Israel floated US $470 million bonds on the local market this past week, bringing the year-to-date total of government bond issues to US $20.2 billion.
 
Corporate Bonds
The business sector raised US$ 715 million in bond offerings in November and US$ 8.9 billion since the beginning of the year. The Israel Electric Company stood out, raising US $510 million this month and U.S. $1.9 billion since the beginning of the year.
BOI Interest Rates
The Bank of Israel left interest rates for December 2012 unchanged at 2.0%.
 
Unemployment
The Central Bureau of Statistics released October employment figures indicating that unemployment increased to 7%, as opposed to 6.9% in September and 6.8% in August.
 
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
2.4%
25.6%
TA Banks
2.1%
21.4%
TA Real Estate-15
4.2%
12.8%
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
-1.1%
0.2%
Euro/NIS
-0.4%
0.8%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in October 2012:
·   555 companies listing equities.
·   440 index-tracking products.
·   33 series of government bonds.
·   640 series of corporate bonds.
·   1,282 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 161
o    Government bonds – 114
o    Corporate bonds - 92
About TASE
Established in September 1935, the Tel-Aviv Stock Exchange is Israel’s sole securities exchange, offering an increasingly sophisticated range of products to investors, including equity, corporate bonds, treasury bills and notes, index products and derivatives.
International
In recent years, TASE has enhanced its international presence, signing Memoranda of Understanding with the London Stock Exchange, NASDAQ, NYSE-Euronext the Shanghai Stock Exchange, and Toronto Stock Exchange.