Weekly Review: 27 - 31 October 2013

 
 
27 - 31 October 2013
 
 
Trading on TASE during the last week of October was marked by mixed trend.
Issues on stock and bond markets continued
First ETNs on the Tel Bond-CPI Linked Bank index issued this week
 
 
 
TA-25
The TA-25 index increased 0.1% over the week, bringing year-to-date increase to 8.7%.
 
TA-100
The TA-100 index decreased 0.3% over the week, bringing year-to-date increase to 10.7%.
 
TA- Finance
The TA- Finance index increased 2.8% over the week, bringing year-to-date increase to 16.7%.
 
TA- Technology  
The TA- Technology index decreased 4.5% over the week, bringing year-to-date decrease to 1.6%.
Share Offerings
Three high-tech companies led by cleantech company Enlight raised US $ 8 million 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 
Five public corporate bond offerings were completed this week in which a total of US $305 million was raised. These bond offering were made by real estate companies.
Since the beginning of the year the business sector has raised US $8.4 billion through bond offerings, as opposed to $10.3 billion in 2012. Real estate companies stood out, raising 46% 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 $15.6 billion in public bond offerings as opposed to US $21.3 billion in 2012.
ETN Offerings
This week three series of ETNs on Tel Bond-CPI Linked Bank index were issued. These are the first ETNs on the index launched in February 2012.  
BOI Interest Rates      The Bank of Israel left the November 2013 interest rate unchanged at 1.0%.
Dual Listing
Cleantech company, Ellomay Capital, whose shares are traded on the NYSE-MKT started trading at the beginning of this week in Tel – Aviv as well.
Company shares will be added to the following indices: the TA BlueTech-50, TA-Technology and TA-MidCap-50 in the "fast track" on November 17.
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
-4.6%
3.4%
TA Banks
    2.7%
12.3%
TA Real Estate-15
 1.0%
 22.2% 
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
-0.2%
-5.7%
Euro/NIS
-1.4%
-2.4%
 
 
 
 
 
 
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.