Weekly Review: 23 - 27 December 2012

​weekly review
 
 
23-27 December 2012
 
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the fourth week of December was marked by declines in all leading indices.
 
 
                                      
TA-25
The TA-25 index decreased 3.0% over the week, bringing year-to-date increase to 9.1%.
 
TA-100
The TA-100 index decreased 2.7% over the week, bringing year-to-date increase to 7.1%.
 
Government Bonds
The Government did not float bonds on the Tel Aviv Stock Exchange this week. In total the government raised US$21.3 billion in 2012 as opposed to US $18 billion in 2011.
 
Corporate Bonds
The business sector raised US $420 million in corporate bond offerings. Most of this sum was raised by two real estate companies and two banks. Since the beginning of the year, the business sector has raised US $10.2 debt capital from the public.  
BOI Interest Rates
The Bank of Israel lowered interest rates by 0.25% to 1.75%, starting in January 2013. This 0.25% lowering of the interest is the fourth this year and the current 1.75% rate is lowest since October 2010.
 
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
-4.0%
15.0%
TA Banks
-3.9%
23.0%
TA Real Estate-15
-0.1%
14.8%
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
-0.6%
-2.5%
Euro/NIS
-0.1%
0.1%
 
 
 
 
 
 
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.
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.