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Tel Aviv Stock Exchange Weekly Review 7-11 April 2013

TEL AVIV, Israel, April 11, 2013 /PRNewswire/ --


The TA-25 index did not change over the week, bringing year-to-date increase to 3.8% .


The TA-100 index increased 0.2% over the week, bringing year-to-date increase to 4.5%.


The TA-Com index of communications companies stood out and increased, 7.6% over the week and bringing returns since the beginning of 2013 to 12.7%.

Government Bonds

This week the Ministry of Finance (MoF) floated US $0.4 billion government bonds in an offering on the local market.  From the beginning of 2013 the MoF raised US $5.4 billion in public bond offerings.

Corporate Bonds

Two companies raised US $90 million in public bond offerings this week.

Since the beginning of the year the business sector raised US $3 billion through bond offerings. Real estate companies stood out, raising 40% of the total.

Foreign Investors

The Bank of Israel released figures this week indicating that in February foreign investors purchased shares and government bonds on TASE for a net US $220 and $300 million respectively, bringing the total of net investment for the first two months of 2013 to US $560 and $500 million respectively.

This follows 2012, in which foreign investors increased net holdings in shares equaling US $410 million and liquidated net holdings of US $230 million in government bonds.

Preliminary figures indicate that in March 2013 foreign investors liquidated net holdings of US $360 million in government bonds and US $60 million in shares.

Sector Indices

                     WEEK YTD 2013
    TA Bluetech-50   1.4%  -2.4%
    TA Banks         1.0%   1.5%
    TA Real
    Estate-15        0.0%   8.4%

Foreign Exchange

               WEEK  YTD 2013
    Dollar/NIS -0.1%  -2.9%
    Euro/NIS    1.5%  -3.4%

Facts & Figures

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