This week on the stock exchange: The Tel Aviv 5 Banks Index continues to soar – the bond indices are rising sharply

by time news

Trading on the Tel Aviv Stock Exchange in the fourth week of November was characterized by a mixed trend in the leading stock indices.

Price increases characterized the government and corporate bond indices.

In the stock market:

New stock company Technology company Sifia Vision raised about NIS 68 million in an initial public offering (IPO).

In the bond market:

This week, about NIS 4.4 billion was raised in seven IPOs by companies. About half the amount, up to about NIS 2.3 billion, will be raised today by Bank Leumi.

In the mutual fund bond market:

This week, two new Migdal mutual funds were listed for trading, in addition to 549 mutual funds and 25 foreign funds traded on the stock exchange.

Stock indices:

Tel Aviv-35 Index

Decreased by 0.2% this week, and increased by 26.5% since the beginning of the year.

Tel Aviv-90 Index

Rose this week by 0.6%, and since the beginning of the year has risen by 30.0%.

Tel Aviv-125 Index

Rose this week by 0.1%, and since the beginning of the year has risen by 26.7%.

Tel Aviv Index – SME60

Decreased by 0.7% this week, and increased by 25.0% since the beginning of the year.

Tel Aviv Banks Index – 5

Rose this week by 3.6%, and since the beginning of the year has risen by 57.8%.

Tel Aviv Biomed Index

Decreased this week by 3.5%, and since the beginning of the year decreased by 1.5%.

Bond indices:

Index of NIS government fixed-rate bonds

Rose this week by 0.5%, and since the beginning of the year has fallen by 0.7%.

READ Also:  Evacuations from Afghanistan: Green politician Marquardt organizes his own Kabul charter flights

Tel Bond Index-60

Rose this week by 0.2%, and since the beginning of the year has risen by 8.2%.

Tel Bond-Shekel Index

Rose this week by 0.7%, and has risen by 3.0% since the beginning of the year.

Recruitments

Issuance of shares by a new company (IPO):

The technology company Siphia Vision Raised NIS 68 million in the first public offering of shares (IPO) in Tel Aviv, according to a company value of NIS 346 million after the issue. Approximately NIS 67.5 million was raised in a non-uniform offer to institutional investors (Book Building) and approximately NIS 0.5 million was raised in a uniform offer to the public. In the public offering, there is an excess demand of 20 times the amount offered.

The company is an R&D company engaged in the development of technologies and products for monitoring vehicle interiors.

Issuance of corporate bonds:

This week, NIS 4.4 billion was raised in seven IPOs by companies:

Up to NIS 2.9 billion will be raised today in two public offerings. Most of the amount, up to NIS 2,262 million, will be raised by Bank Leumi through two new series of index-linked bonds with an interest rate of 0.1% and a AAA rating by Maalot.

Yielding real estate company Alrov Real Estate It is expected to raise up to NIS 621 million today through a new series of index-linked bonds with an interest rate of 0.5% and an AA rating by Maalot.

NIS 0.9 billion was raised by the three companies in the real estate sector, chief among them the real estate company Maniv Isras, which raised NIS 498 million by expanding a series of index-linked bonds, a 5.5-year maturity, a yield to maturity (0.4%). In the AA- rating by “Maalot” and Aa3 by “Midroog”. The company is expected to redeem tradable bonds in the amount of NIS 590 million in the next two years.

READ Also:  Jens Weidmann: The departure of the falcon

The additional issuers are: Reit 1 Real Estate Investment Fund, which raised NIS 243 million in the issuance of second-linked index-linked bonds this year. And the energy company Supergas, which raised about NIS 150 million by issuing shekel bonds. The company is expected to redeem negotiable bonds in the amount of NIS 60 million in the next two years.

NIS 0.6 billion was raised by the two companies in the financial sector, headed by the Bank of Jerusalem, which raised NIS 485 million in the issuance of a new series of index-linked bonds, a 5.8-year maturity, 0.2% interest, with a rating of AA by Maalot. And Aa2 by Midroog.

The other issuer is the non-bank credit company Shoham Business, which raised about NIS 150 million by issuing shekel bonds.

Issuance of government bonds:

Ministry of Finance

This week, he issued bonds in the Tel Aviv Stock Exchange in the amount of NIS 1.3 billion.

ETFs

This week, two new Migdal mutual funds were listed for trading on the NASDAQ 100 stock index (one of the currency-neutralized funds), which is added to 549 mutual funds and 25 foreign funds traded on the stock exchange.

Various:

Bank of Israel interest rate

The Bank of Israel has left the interest rate in the economy unchanged for about 19 months at a historical low of one week from the beginning of the year 0.1%, in December 2021.

.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.