Weekly Review: 16 - 20 December 2012

weekly review
16-20 December 2012
Trading on the Tel Aviv Stock Exchange (TASE) during the third week of December was marked by a mixed trend.
The TA-25 index decreased 0.8% over the week, bringing year-to-date increase to 12.4%.
The TA-100 index decreased 0.6% over the week, bringing year-to-date increase to 10.0%.
Government Bonds
The Government of Israel floated US $420 million bonds on the local market this past week, bringing the year-to-date total of government bond issues to US $21.3 billion.
Corporate Bonds
The business sector raised US$ 325 million in bond offerings this week and US$ 9.8 billion since the beginning of the year.
Most of the sum raised this week, approximately US$ 264 million, was raised by the real estate company "Gazit-Globe", whose shares are also traded on the NYSE.
Composite State-of-the- Economy Index
Figures released by the Bank of Israel indicate that the Composite State-of-the-Economy index increase 0.1% in November.
The increase in the index during the second half of 2012 signifies an additional slowdown in economic activity.
CPI Index
Figures released by the Central Bureau of Statistics indicate that the Consumer Price Index decreased 0.5% in November.
Since the beginning of the year the CPI index increased 1.4%. This rate is lower than the 3% target ceiling placed by the government.
Sector Indices
TA Bluetech-50
TA Banks
TA Real Estate-15
Foreign Exchange
Facts & Figures
The Tel-Aviv Stock Exchange features in November 2012:
·   554 companies listing equities.
·   440 index-tracking products.
·   34 series of government bonds.
·   634 series of corporate bonds.
·   1,283 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 166
o    Government bonds – 118
o    Corporate bonds - 94
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.
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.