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Tel Aviv Stock Exchange Weekly Review 2-6 March 2014

Trading on the Tel Aviv Stock Exchange (TASE) during the First week of March was marked by price gains for most leading TASE indices; TASE launches a new bond index -"Tel Bond-Composite"

TEL AVIV, Israel, March 6, 2014 /PRNewswire/ --

TA-25

The TA-25 index increased 1.4% over the week, bringing year-to-date increase to 3.0%.

     (Logo: http://photos.prnewswire.com/prnh/20130117/588933 )

TA-100

The TA-100 index increased 1.3% over the week, bringing year-to-date increase to 5.4%.

TA-Insurance

The TA-Insurance index increased 2.8% over the week, bringing year-to-date increase to 1.2%.

TA-Biomed

The TA-Biomed index decreased 0.9% over the week, bringing year-to-date increase to 16.6%.

Share Offerings

This week two biomed companies raised US $10 million in public share offerings.

Since the beginning of the year the business sector has raised US $0.8 billion through shares.

In addition, this week two dual-listed hi-tech companies - Compugen and Magic - raised US $130 million in public share offerings in the US.

Corporate Bonds

This week the dual-listed company Internet Gold made a bond offering on the TASE amounting to US $36 million.

Since the beginning of the year the business sector raised US $2.4 billion, of which US $0.8 billion on the "TACT International" system.

Government Bonds

This week the Ministry of Finance (MoF) made a public bond offering listed on the TASE amounting to US $0.3 billion.

Since the beginning of the year the MoF raised US $2.9 billion.

ETN Offerings

8 new ETNs were issued this week - 7 ETNs on foreign share indices, of which 3 were currency-neutral certificates, and 1 compound certificate made up of 85% bond indices and 15% Israel and international share indices.

TASE launches "Tel-Bond-Composite" Index

The new "Tel-Bond Composite" index will comprise all corporate bonds of investment grade (BBB-) or higher.

The index is expected to include more than 230 bonds series of 76 issuers, with a maximum weighting per series of 0.5%. The Index will be launched on 9 March 2014.

Foreign Investors

The Bank of Israel released figures this week indicating that foreign investors acquired a net US $80 million in TASE-listed shares, following the acquisition of shares amounting to US $50 million last month.

In addition, foreign investors acquired US $30 million Israel government bonds in January, after liquidating US $230 million Israel government bonds last month.

Sector Indices

                     WEEK  2014
    TA Bluetech-50   0.8%  9.3%
    TA Banks         0.6% -3.6%
    TA Real
    Estate-15        1.2%  2.6%


Foreign Exchange

               WEEK   2014
    Dollar/NIS -0.6%  0.1%
    Euro/NIS   -0.4% -0.1%



Facts & Figures

The Tel-Aviv Stock Exchange features in February 2014:

  • 493 companies listing equities.
  • 546 Exchange Traded Notes.
  • 34 series of government bonds.
  • 73 Series of Institutional bonds.
  • 605 series of corporate bonds.
  • 1,271 mutual funds.
  • Market Cap. (US$ billions)
    • Equities - 224
    • Government bonds - 139
    • 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

For more information please contact:

Idit Yaaron or Orna Goren, TASE, +972-(3)-5677-405/6

Visit the Tel Aviv Stock Exchange's Website: http://www.tase.co.il

SOURCE Tel Aviv Stock Exchange Ltd

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