Weekly Review: 2 - 6 June 2013

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2 - 6 June 2013
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the first week of June was marked by a mix trend.
 
 
 
TA-25
The TA-25 index decreased 0.5% over the week, bringing year-to-date increase to 3.3%.
 
TA-100
The TA-100 index decreased 0.6% over the week, bringing year-to-date increase to 5.0%.
 
 
Government Bonds
This week the Ministry of Finance (MoF) floated US $0.4 billion government bonds in offerings on the local market.  From the beginning of 2013 the MoF raised US $8.2 billion in public bond offerings.
Corporate Bonds
Four companies raised US $190 million in public bond offerings this week. Since the beginning of the year the business sector raised US $4.8 billion through bond offerings. Real Estate companies stood out, raising 40% of the total.
ETNs issue
This week issued four first ETNs totaling $40 million bond tracking the "Tel - Bond yields Index" launched in February 2013. The index consists of 62 corporate linked bonds fixed interest rate, ranking (BBB-) to (A). The total Market Capitalization of the index came to US $12 billion.
 
Foreign Investors
The Bank of Israel released figures this week indication that foreign investors purchased shares on TASE for a net US $110 million in April, bringing the total of net investment for the first four months of 2013 to US $660 million.
Foreign investors also purchased government bonds on TASE for a net US $430 million and liquidated net holdings of US $110 million in
Treasury Bills (MAKAM) in April 2013. 
Foreign investors also net bought government bonds on the TASE of $430 million and liquidated MAKAM T- bills, of $110 million in April 2013.
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
-2.1%
-1.8%
TA Banks
 1.0%
 4.7%
TA Real Estate-15
 0.6%
18.5%
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
-0.9%
-2.3%
Euro/NIS
-0.3%
-2.7%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in May 2013:
·   521 companies listing equities (Ex. ETNs).
·   452 index-tracking products.
·   35 series of government bonds.
·   80 Series of Institutional bonds.
·   641 series of corporate bonds.
·   1,245 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 173
o    Government bonds – 127
o    Corporate bonds - 103
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.