Weekly Review: 11-15 August 2013

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11-15 August 2013
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the second week of August ended up for most leading indices.
I.D.I. Insurance IPO offer was completed .
 
 
 
TA-25
The TA-25 index increased 0.2% over the week, bringing year-to-date increase to 1.6%.
TA-100
The TA-100 index increased 0.1% over the week, bringing year-to-date increase to 4.8%.
 
Corporate Bonds
Four companies raised US$200 million debt capital in public bond offerings.
Since the beginning of the year the business sector has raised US $6.4 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 $0.4 billion government bonds in an offering on the local market. 
Since the beginning of 2013 the MoF raised US $11.9 billion in public bond offerings as opposed to US $21.3 billion in 2012.
Share Offerings
Direct Insurance completed an initial public offering of the shares of its subsidiary, I.D.I. Insurance for US $58 million.
Since the beginning of the year the business sector has raised US $1.2 billion through share offerings, as opposed to US $0.9 billion in 2012.
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
 0.3%
0.5%
TA Banks
-1.9%
-0.2%
TA Real Estate-15
 0.2%
 19.3% 
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
  1.2%
-4.3%
Euro/NIS
0.5%
-3.6%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in July 2013:
·   518 companies listing equities (Ex. ETNs).
·   461 index-tracking products.
·   34 series of government bonds.
·   77 Series of Institutional bonds.
·   614 series of corporate bonds.
·   1,251 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 176
o    Government bonds – 133
o    Corporate bonds - 88
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.