Weekly Review: 1 - 5 December 2013

​
 
 
1 - 5 December 2013
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the first week of December was marked by a mix trend in the leading TASE indices.
Fitch affirms Israel’s “A” credit rating and raises outlook from “Stable” to “Positive”
 
 
 
TA-25
The TA-25 index increased 0.8% over the week, bringing year-to-date increase to 15.4%.
 
TA-100
The TA-100 index increased 0.2% over the week, bringing year-to-date increase to 16.4%.
 
TA- Com
The TA-Com index of communications companies stood out and increased 3.1% over the week and bringing returns since the beginning of 2013 to 55%.
Corporate Bonds
Real estate company Mega Or completed a US $53 million public bond offering this week.
 
Since the beginning of the year the business sector has raised US $9.2 billion through bond offerings, as opposed to $10.3 billion in 2012.                         Real estate companies stood out, raising 48% of the total
 
Government  Bonds
This week the Ministry of Finance (MoF) floated US $0.2 billion government bonds in an offering on the local market. 
Since the beginning of 2013 the MoF raised US $17.4 billion in public bond offerings as opposed to US $21.3 billion in 2012.
Israel Credit Rating
Credit rating agency, Fitch Ratings confirmed Israel’s A credit rating but raised the outlook ranking from “Stable” to “Positive”.
 
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
0.3%
 5.2%
TA Banks
-0.6% 
17.0%
TA Real Estate-15
-0.6%
 23.5% 
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
0.0%
-5.6%
Euro/NIS
-0.2%
-2.7%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in November 2013:
·   511 companies listing equities (Ex. ETNs).
·   495 index-tracking products.
·   33 series of government bonds.
·   71 Series of Institutional bonds.
·   623 series of corporate bonds.
·   1,246 mutual funds.
·   Market Cap. (US$ billions)
o    Equities - 196
o    Government bonds – 137
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.