Tel Aviv Stock Exchange Weekly Review: 17 – 21 June 2012

Trading on the Tel Aviv Stock Exchange (TASE) during the third week of June was marked by a mixed trend.

  • The TA-25 index gained 2.3% over the week, bringing year-to-date losses to 1.1%.
  • The TA-100 index was up 1.3% over the week and 0.7% since the beginning of the year.
  • The TA BlueTech-50 increased 1.5%, while the Real Estate-15 was off 0.1% and the TA Banks index decreased 1.3% over the week. Year-to-date, the TA BlueTech-50 has increased 25%, the TA Real Estate-15 gained 1%, while the TA Banks index fell 5%.
  • Bank Hapoalim, a constituent of the TA-25 index, raised, by a subsidiary, US $336 million debt in a public offering. Since the beginning of the year Israeli banks have raised US $1.9 billion from the public in bond offerings – a sum accounting for 53% of corporate bond issues.
  • The Government of Israel floated US $580 million bonds on the local market this past week, bringing the year-to-date total of government bond issues to US $10.4 billion.
  • Figures released by Israel’s Central Bureau of Statistics indicate that the CPI index remained unchanged in May, after increasing 1.3% in the first third of 2012.
  • Figures released by the Bank of Israel indicate that the Composite State-of-the-Economy index increased 0.2% in May, indicating the continuation of economic expansion during the second quarter of 2012 at a rate similar to that of Q1, however lower than that for 2011.
  • The NIS/US dollar exchange rate on 21 June came to 3.875, an increase of 0.2% relative to the previous week. Since the beginning of the year, the dollar has appreciated 1.4% against the NIS.
  • The NIS/Euro exchange rate on 21 June came to 4.9189 an increase of 0.8% relative to the previous week. Since the beginning of the year, the Euro has depreciated 0.4% against the NIS.

 

 

2012-06-21T17:47:44+00:00June 21st, 2012|Uncategorized|0 Comments