Bi-Weekly Review:14 - 25 April 2013

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Bi Weekly Review:14 - 25 April 2013
 
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the last two weeks was marked by declines in most leading TASE indices.
 
 
 
TA-25
The TA-25 index decreased 2.0% over the last two weeks, bringing year-to-date increase to 1.6%.
 
TA-100
The TA-100 index decreased 1.6% over the last two weeks, bringing year-to-date increase to 2.8%.
 
ETNs
Three new ETNs on international stock indices were issued this week.
Total of 448 ETNs are traded on TASE.
 
 
Government Bonds
This week the Ministry of Finance (MoF) floated US $0.5 billion government bonds in an offering on the local market.  From the beginning of the year the MoF raised US $5.9 billion in public bond offerings.
 
Corporate Bonds
Three companies raised US $140 million in public bond offerings last two weeks.
Since the beginning of the year the business sector raised US $3.1 billion through bond offerings. Real estate companies stood out, raising 40% of the total.
 
Consumer Price Index
Figures released by the Central Bureau of Statistics indicate that the CPI index for March 2013 increased 0.2%, following a 0.2% decline in the previous two month and a total increase of only 1.6% for the entire 2012 year.
 
Composite State-of-the-Economy Index
Figures released by the Bank of Israel indicate an increase of 0.1% in Composite State-of-the-Economy Index in March 2013. The pace of economic expansion in March was lower than the first two month of the year.
 
 
Sector Indices
 
2 WEEK Period
YTD
TA Bluetech-50
-0.9%
-3.3%
TA Banks
-2.5%
-1.0%
TA Real Estate-15
 0.4%
 8.9%
 
Foreign Exchange
 
2 WEEK Period
YTD
Dollar/NIS
-0.6%
-3.4%
Euro/NIS
-0.6%
-4.2%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in March 2013:
·   528 companies listing equities (Ex. ETNs).
·   445 index-tracking products.
·   34 series of government bonds.
·   87 Series of Institutional bonds.
·   649 series of corporate bonds.
·   1,299 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 175
o    Government bonds – 126
o    Corporate bonds - 101
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.