Weekly Review: 14 - 18 July 2013

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14 - 18 July 2013
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the third week of July was ended up for all leading stock indices.
 
 
 
TA-25
The TA-25 index increased 1.0% over the week, bringing year-to-date increase to 3.5%.
TA-100
The TA-100 index increased 1.4% over the week, bringing year-to-date increase to 5.9%.
TA- Insurance
The TA-Insurance index stood out and increased 4.7% over the week and bringing returns since the beginning of 2013 to 18.1%.
 
 
 
 
Corporate Bonds    Blue Square Real Estate raised US $54 million in a public bond offering.
Since the beginning of the year the business sector has raised US $5.5 billion through bond offerings. Real estate companies stood out, raising 43% of the total.
 
Government Bonds
This week the Ministry of Finance (MoF) floated US $0.3 billion government bonds in an offering on the local market. 
Since the beginning of 2013 the MoF raised US $10.4 billion in public bond offerings as opposed to US $21.3 billion in 2012.
 
Economic Growth
The Central Bureau of Statistics released figures indicating that the rate of growth for the first quarter of 2013 came to 2.9% (annualized), compared to 2.6% in the previous quarter and 2.8% in the third quarter of 2012.
 
Consumer Prices
Figures released by the Central Bureau of Statistics indicate that the Consumer Price Index (CPI) for June increased 0.8%, bringing the year-to-date inflation rate to 1.3%, following a 1.6% inflation rate for the entire 2012 year. 
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
2.4%
  0.9%
TA Banks
1.2%
 2.3%  
TA Real Estate-15
2.1%
 18.6%
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
-0.2%
-3.5%
Euro/NIS
 0.3%
-4.1%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in June 2013:
·   521 companies listing equities (Ex. ETNs).
·   462 index-tracking products.
·   34 series of government bonds.
·   79 Series of Institutional bonds.
·   639 series of corporate bonds.
·   1,252 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 172
o    Government bonds – 129
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.