Weekly Review: 5 - 16 February 2012

TASE trading in the first half of February was marked by declines in most leading indices.
  • The TA-25 index recorded a 1.4% decline in the two week period, bringing its year-to-date return to 1.8%.
  • The TA-100 index decreased 0.7% over the week, bringing its year-to-date increase to 3.2%.
  • The TA BlueTech 50 stood out with a two week rally of 4.1%, while the TA Real Estate-15 index and TA Banks decreased 1.2% and 0.4%, respectively.
  • Bank Hapoalim, whose shares are a constituent of the TA-25 index, raised US $410 million in a public bond offering, in the second largest corporate bond offering this year.
  • The Israeli government completed two bond offerings over the two weeks, floating a total of US $920 million bonds on the local market and bringing the year-to-date total of government bond issues to US $2.8 billion.
  • January's CPI index remained unchanged, after increasing 2.2% in 2011.
  • Figures released by the Bank of Israel indicate that foreign investor activity in TASE-listed shares was not substantial in either November or December, and that in 2011 foreign investors injected a net US $0.7 billion in the local stock market.
  • The NIS/ US dollar exchange rate on 16 February came to 3.771 a bi-weekly increase of 1.5% against the shekel. Since the beginning of the year, the dollar has depreciated 1.3% against the NIS.
  • The NIS/Euro exchange rate on 16 February came to 4.8978 a bi-weekly increase of 0.2%. Since the beginning of the year, the Euro has lost 0.8% against the NIS.