Weekly Review: 5 - 9 May 2013

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Weekly Review: 5 - 9 May 2013
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the first week of May ended lower for most leading TASE indices.
 
 
 
TA-25
The TA-25 index decreased 0.1% over the week, bringing year-to-date increase to 1.5%.
 
TA-100
The TA-100 index decreased 0.4% over the week, bringing year-to-date increase to 2.6%.
 
TA MidCap-50
The TA MidCap-50 index stood out, and increased 3.6% over the week and 21.1% since the beginning of 2013.
 
Government Bonds
This week the Ministry of Finance (MoF) floated US $0.4 billion government bonds in an offering on the local market.  From the beginning of 2013 the MoF raised US $6.7 billion in public bond offerings.
Share Offerings
Three companies raised US $80 million in share offering this week.   Since the beginning of the year the business sector raised US $0.5 billion through share offering. Real Estate companies stood out, raising 40% of the total.
Corporate Bonds
Two companies raised US $75 million in public bond offerings this week.  Since the beginning of the year the business sector raised US $3.6 billion through bond offerings. Real Estate companies stood out, raising 40% of the total.
Foreign Investors
The Bank of Israel released figures this week indicating that in March foreign investor invested a net US $80 million in TASE-listed shares, bringing the total net investment for the first quarter of 2013 to US $630 million. This follows a net investment of US $410 in 2012.
 
Foreign investors also liquidated net holdings in government bonds and MAKAM T-billls of US $320 and US $70 million in March 2013.
 
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
-0.4%
-4.4%
TA Banks
 0.1%
 1.5%
TA Real Estate-15
-0.5%
11.5%
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
-0.4%
-4.7%
Euro/NIS
0.0%
-5.0%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in April 2013:
·   525 companies listing equities (Ex. ETNs).
·   448 index-tracking products.
·   34 series of government bonds.
·   84 Series of Institutional bonds.
·   645 series of corporate bonds.
·   1,285 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 174
o    Government bonds – 130
o    Corporate bonds - 104
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.