Weekly Review:15 - 19 December 2013

 
 
15 - 19 December 2013
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the third week of December was marked by a mix trend for leading TASE indices.
Companies continue to raise capital through debt offerings
 
 
 
TA-25
The TA-25 index decreased 0.3% over the week, bringing year-to-date increase to 11.6%.
 
TA-100
The TA-100 index increased 0.8% over the week, bringing year-to-date increase to 14.0%.
 
TA- Insurance
The TA-Insurance index increased 4.0% over the week, bringing year-to-date increase to 25%.
 
TA- Com
The TA-Com index decreased 1.4% over the week, bringing year-to-date increase to 50%.
Corporate Bonds
Three public bond offerings were completed this week, raising a total of US $305 million, of which US $160 million was raised by Elco Holdings.
 
Since the beginning of the year the business sector raised US $9.6 billion in corporate bond offerings, as opposed to US $10.2 billion in the entire 2012 year. Real estate companies stand out, accounting for 47% of this sum.
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 $18 billion in public bond offerings as opposed to US $21.3 billion in 2012.
 TA-25 Constituent Changes
Within the framework of TASE’s semi-annual rebalancing of its indices, the shares of BAZAN -Oil Refineries. were removed from the TA-25 index as of Sunday, December 15.
 
CPI Index
Figures released by the Central Bureau of Statistics indicate that in November 2013 the Consumer Price Index decreased 0.4%, bringing the total from the beginning of 2013 to 1.7%, following an increase of 1.6% for the entire 2012 year.
 
ETN Offerings
Ten new ETN series on foreign share price indices were issued this week.
 
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
2.0%
 6.4%
TA Banks
1.0% 
14.2%
TA Real Estate-15
1.3%
 21.9% 
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
0.3%
-5.9%
Euro/NIS
-0.3%
-2.3%
 
 
 
 
 
 
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.