TEL AVIV, Israel, May 14, 2015 /PRNewswire/ --
Trading on the Tel-Aviv Stock Exchange (TASE) during the second week of May was marked by price rises in all of the leading share indices;
TA-Gas & Oil Index led with a rise of 4.8%;
Reversal of trend - falls in government bond prices for the third consecutive week;
The biomed company BiondVax made a share offering in the US and listed them for trading on the NASDAQ.
The TA-25 index increased 1.6% over the last week, and increased 13.2% since the beginning of the year, after an increase of 10.2% for the whole of 2014.
The TA-100 index increased 1.1% over the last week, and increased 11.4% since the beginning of the year, after an increase of 6.7% for the whole of 2014.
TA Gas & Oil
The TA Gas & Oil Index increased 4.8% over the week, and increased 16.5% since the beginning of the year, after a decrease of 20% in 2014.
CPI Linked Government Bond Index
The index decreased 1.2% over the week, completing a decrease of 4% in the last three trading weeks.
Since the beginning of the year, the index rose 3.5%, after an increase of 6% in 2014.
Two real-estate companies made bond offerings to the public this week for US $50 million, of which US$ 39 million was raised by Norstar Holdings
Since the beginning of the year, the business sector raised a total of US $5.4 billion through bonds.
In 2014, the business sector raised US $16.1 billion through bond offerings on the TASE.
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 raised US $3.9 billion.
In 2014, the MoF raised US $14.5 billion in bond offerings on the TASE.
Dual Listing - BiondVax
The biomed company BiondVax completed a public share offering in the US, amounting to US $9.6 million, and listed them for trading on the NASDAQ on May 12.
Currently 46 dual listed companies are traded on the TASE that are also traded in the US, and there are also 5 companies whose shares are traded in the US or in Europe, but not under a dual listing.
The Ministry of Finance released figures indicating that in the first four months of 2015 there was a surplus of NIS 0.3 billion in budgetary activity by the government, compared with a budgetary deficit of NIS 1.4 billion in the corresponding period last year.
The aggregate deficit in the last 12 months (May 2014 - April 2015) amounted to 2.6% of GDP.
WEEK 2015 TA Tech-Elite 0.6% 13.1% TA Banks 0.3% 8.4% TA Real Estate-15 2.7% 20.5%
WEEK 2015 Dollar/NIS -1.3% -1.8% Euro/NIS 0.4% -7.7%
Facts & Figures
The Tel-Aviv Stock Exchange features in April 2015:
- 470 companies listing equities.
- 625 Exchange Traded Notes.
- 29 Series of government bonds.
- 73 Series of Institutional bonds.
- 596 series of corporate bonds.
- 1,342 mutual funds.
- Market Cap. (US$ billions)
- Equities - 224
- Government bonds - 132
- Corporate bonds - 83
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.
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-(076)8160405/6
Visit the Tel Aviv Stock Exchange's Website: http://www.tase.co.il
SOURCE Tel Aviv Stock Exchange (TASE)