Weekly Review: 20 - 24 October 2013

 
 
20 - 24 October 2013
 
 
Trading on TASE during the fourth week of October was marked by mixed trading.
Cleantech company, Ellomay Capital completes dual listing
 
 
 
TA-25
The TA-25 index decreased 0.8% over the week, bringing year-to-date increase to 8.5%.
 
TA-100
The TA-100 index decreased 0.6% over the week, bringing year-to-date increase to 11.1%.
 
TA-Oil & Gas
The TA-Oil & Gas index increased 3.2% over the week, bringing year-to-date increase to 11%.
 
TA-Biomes
The TA-Biomed index decreased 5.5% over the week, bringing year-to-date increase to 33%.
 
 
Share Offerings
Three companies raised US $28 million this week in public share offerings.
Since the beginning of the year the business sector has raised US $1.4 billion through share offerings, as opposed to US $0.9 billion in 2012.
 
Corporate Bonds 
Four public corporate bond offerings were completed this week in which a total US $150 million was raised, of which US $120 million was raised by real estate companies.
Since the beginning of the year the business sector has raised US $8.1 billion through bond offerings, as opposed to $10.3 billion in 2012
Real estate companies stood out, raising 44% 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 $15.2 billion in public bond offerings as opposed to US $21.3 billion in 2012.
Dual Listing
Cleantech company, Ellomay Capital, whose shares are traded on NYSE is dual listing its shares on TASE starting October 27, 2013.
The company operates in the field of alternative energy and is expected to be included in TASE’s MidCap-50, BlueTech-50 and Technology share price indices.
ETN Offerings
Nine new ETN series on foreign share price indices were issued this week.
Composite State-of-the-Economy Index
Figures released by the Bank of Israel indicate that in September the Composite State-of-the-Economy index rose 0.3%. The acceleration in the pace of index increase of in past months reflects modest yet steady growth.
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
-1.2%
8.5%
TA Banks
    0.3%
9.4%
TA Real Estate-15
0.4%
 21.1% 
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
0.0%
-5.4%
Euro/NIS
0.9%
-0.9%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in September 2013:
·   514 companies listing equities (Ex. ETNs).
·   476 index-tracking products.
·   33 series of government bonds.
·   74 Series of Institutional bonds.
·   615 series of corporate bonds.
·   1,242 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 184
o    Government bonds – 134
o    Corporate bonds - 89
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.