Weekly Review: 17 - 21 February 2013

 
 
17-21 February 2013
 
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the third week of February ended with small changes in leading TASE's indices.
 
 
                                      
TA-25
The TA-25 index decreased 0.2% over the week, bringing year-to-date increase to 2.7%.
 
 
TA-100
The TA-100 index decreased 0.1% over the week, bringing year-to-date increase to 3.5%.
 
New Corporate Bond Index – Tel Bond Yields
The index, which was launched on Monday, February 18, includes corporate bonds rated (A) to (BBB-).  The index includes 66 series of CPI-linked, fixed interest corporate bonds and currently has a market cap of US $13 billion.
Government Bonds
This week the Ministry of Finance floated US $0.4 billion government bonds in an offering on the local market.
Since the beginning of the year, the Israeli government has raised US $2.8 billion from public bond offerings.
 
Composite State-of-the Economy Index
The Bank of Israel released figures indicating that the Composite State-of-the-Economy index increased 0.2% in January 2013, a rate higher than that registered in previous months.
 
 Economic Growth
The Central Bureau of Statistics released figures indicating that in the fourth quarter of 2012 the GDP increased 2.5% (annualized) the lowest level of growth since the third quarter of 2009. Since the beginning of 2012 there has been a continual decrease in the pace of quarterly growth.
 
Consumer Price Index
The Central Bureau of Statistics released figures indicating a 0.2% decrease in the Consumer Price Index in January 2013, following a 1.6% increase in 2012.
 
 
Sector Indices
 
WEEK
YTD 2013
TA Bluetech-50
-0.7%
-0.6%
TA Banks
-0.1%
 3.2%
TA Real Estate-15
0.4%
 5.5%
 
Foreign Exchange
 
WEEK
YTD
2013
Dollar/NIS
-0.3%
-1.6%
Euro/NIS
-1.4%
-1.6%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in January 2013:
·   533 companies listing equities.
·   440 index-tracking products.
·   34 series of government bonds.
·   642 series of corporate bonds.
·   1,290 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 163
o    Government bonds – 122
o    Corporate bonds - 99
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.