Bi-Weekly Review: 12 - 23 May 2013

 
 
Bi-Weekly Review: 12-23 May 2013
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the last two weeks ended up for all leading TASE indices.
 
 
 
TA-25
The TA-25 index increased 1.0% over the last two weeks, bringing year-to-date increase to 2.5%.
 
TA-100
The TA-100 index increased 1.4% over the last two weeks, bringing year-to-date increase to 4.0%.
 
 
Government Bonds
This last two weeks the Ministry of Finance (MoF) floated US $0.8 billion government bonds in offerings on the local market.  From the beginning of 2013 the MoF raised US $7.5 billion in public bond offerings.
Corporate Bonds
Seven companies raised US $0.4 billion in public bond offerings this last two weeks.  Since the beginning of the year the business sector raised US $4.1 billion through bond offerings. Real Estate companies stood out, raising 38% of the total.
Share Offerings
Five companies raised US $80 million in share offerings this last two weeks. Since the beginning of the year the business sector raised US $0.6 billion through share offerings.
BOI Interest Rate
The Bank of Israel lowered the interest rate, for the first time this year, by one quarter of a percent, to 1.5%, starting 17 May 2013.
CPI Index
Figures released by the Central Bureau of Statistics indicate that in April 2013 the Consumer Price Index increased 0.4%, bringing the total for the first trimester to 0.4%, after an increase of only 1.6% for the entire 2012 year.
Growth Rate
Figures released by the Central Bureau of Statistics indicate that economic growth came to 2.8% (annualized) in the first quarter of 2013, compared to 2.6% in the previous quarter and 2.8% in the third quarter of 2012.
 
 
Sector Indices
 
2 WEEK Period
YTD 2013
TA Bluetech-50
2.9%
-1.6%
TA Banks
 -0.3%
 1.2%
TA Real Estate-15
2.2%
13.9%
 
Foreign Exchange
 
2 WEEK Period
YTD
2013
Dollar/NIS
4.0%
-0.8%
Euro/NIS
2.8%
-3.1%
 
 
 
 
 
 
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.