Trading on the Tel-Aviv Stock Exchange (TASE) during the first week of June was marked by a mix trend in the leading share indices:
- Declines in CPI-linked government bond prices;
- Continued offerings in the bond market.
TA-25
The TA-25 index increased 1.2% over the last week, and increased 15.8% since the beginning of the year, after an increase of 10.2% for the whole of 2014.
TA-100
The TA-100 index increased 1.0% over the last week, and increased 13.9% since the beginning of the year, after an increase of 6.7% for the whole of 2014.
TA MidCap-50
The TA MidCap-50 Index decreased 2.6% over the week, and increased 13.6% since the beginning of the year, after a decrease of 11.5% in 2014.
CPI Linked Government Bond Index
The index decreased 2.7% over the week, completing a decrease of 5.8% in the last six trading weeks.
Since the beginning of the year, the index rose 1.5%, after an increase of 6% in 2014.
Corporate Bonds
This week three companies raised US$ 340 million in bond offerings to the public. Oil Refineries raised US$ 137 million, and two real estate companies - Property and Building and Industrial Building - raised US$ 122 million and US$ 80 million, respectively.
Since the beginning of the year the business sector raised US$ 6.4 billion through bonds.
In 2014, the business sector raised US$ 16.1 billion through bonds on the TASE.
Government Bonds
The Ministry of Finance (MoF) made a bond offering this week listed on the Tel-Aviv Stock Exchange, amounting to US $0.2 billion, and since the beginning of the year the MoF has raised US $4.6 billion.
In 2014, the MoF raised US $14.5 billion in bond offerings on the TASE.
Economic Growth Forecast
The Organization for Economic Cooperation and Development (OECD) updated its growth forecast for the year 2015:
Growth in Israel of 3.4% compared with the previous estimate of 3%, and growth worldwide of 3.1% compared with the previous estimate of 3.7%.
Sector Indices
WEEK 2015
TA Tech-Elite 1.5% 17.1%
TA Banks 0.9% 12.0%
TA Real
Estate-15 -1.8% 17.4%
Foreign Exchange
WEEK 2015
Dollar/NIS -1.0% -1.4%
Euro/NIS 2.5% -7.8%
Facts & Figures
The Tel-Aviv Stock Exchange features in May 2015:
- 469 companies listing equities.
- 629 Exchange Traded Notes.
- 31 Series of government bonds.
- 72 Series of Institutional bonds.
- 590 series of corporate bonds.
- 1,352 mutual funds.
- Market Cap. (US$ billions)
- Equities - 226
- Government bonds - 130
- Corporate bonds - 83