Weekly Review 21 - 25 July 2013

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21 - 25 July 2013
 
 
Trading on the Tel-Aviv Stock Exchange (TASE) during the fourth week of July was marked by declines in most equity indices.
 
 
 
TA-25
The TA-25 index increased 0.2% over the week, bringing year-to-date increase to 3.7%.
 
TA-100
The TA-100 index decreased 0.1% over the week, bringing year-to-date increase to 5.9%.
 
TA- Com
The TA-Com index stood out and increased 2.9% over the week and bringing returns since the beginning of 2013 to 26%.
 
 
 
 
 
 
 
 
Corporate Bonds    
The business sector has raised US $155 million in public bond offerings this week.
Since the beginning of the year the business sector has raised US $5.7 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 $0.3 billion government bonds in an offering on the local market. 
Since the beginning of 2013 the MoF raised US $10.7 billion in public bond offerings as opposed to US $21.3 billion in 2012.
 
Composite State-of-the Economy Index
The Bank of Israel released figures indicating the Composite State-of-the-Economy index increased 0.1% in June. This increase indicates a continuation of slow economic growth.
 
 
 
Sector Indices
 
WEEK
YTD
TA Bluetech-50
-1.9%
 -1.0%
TA Banks
-1.5%
 0.7%  
TA Real Estate-15
-1.6%
 16.7%
 
Foreign Exchange
 
WEEK
YTD
Dollar/NIS
 0.3%
-3.7%
Euro/NIS
 1.0%
-3.5%
 
 
 
 
 
 
Facts & Figures
The Tel-Aviv Stock Exchange features in June 2013:
·  521 companies listing equities (Ex. ETNs).
·  462 index-tracking products.
·  34 series of government bonds.
·  79 Series of Institutional bonds.
·  639 series of corporate bonds.
·  1,252 mutual funds.
·  Market Cap. (US$ billions)
o    Equities - 172
o    Government bonds – 129
o    Corporate bonds - 103
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.