Weekly Review: 13 - 17 January 2013

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13-17 January 2013
 
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the third week of 2013 was marked by declines in all leading indices.
 
 
                                      
TA-25
The TA-25 index decreased 1.3% over the week, bringing increase since the beginning of January to 1.9%.
 
TA-100
The TA-100 index decreased 1.4% over the week, completing a 2.1% increase since the beginning of the month.
 
 
TA Oil & Gas
The TA Oil & Gas index stood out and increased 1.0% over the week, bringing the 2013 year-to-date increase to 2.9%.
Government Bonds
The Government of Israel floated US $400 million bond on the local market this past week bringing the month-to-date total of government bond issues to US $ 817 million.
 
Corporate
Bonds
Five companies raised US $250 million in public bond offerings. Since the beginning of the month the business sector raised US $670 million debt capital in public offerings.
Government Deficit
Figures released by the Ministry of Finance indicate that the 2012 government deficit amounted to NIS 39 billion, twice the planned amount; equaling 4.2% of the GDP, compared to 3.3% in 2011.
 
 
CPI Index
Figures released by the Central Bureau of Statistics indicate that the CPI index increased 0.2% in December.  The total increase in the CPI index for 2012 came to 1.6% compared to 2.2% in 2011.
 
 
 
Sector Indices
 
WEEK
YTD 2013
TA Bluetech-50
-0.4%
1.7%
TA Banks
-3.3%    
0.7%
TA Real Estate-15
-1.3%
3.5%
 
Foreign Exchange
 
WEEK
YTD
2012
Dollar/NIS
0.5%-
0.3%-
Euro/NIS
0.2%
1.2%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in December 2012:
·   549 companies listing equities.
·   440 index-tracking products.
·   34 series of government bonds.
·   638 series of corporate bonds.
·   1,297 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 162
o    Government bonds – 123
o    Corporate bonds - 97
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.