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Trading on the Tel Aviv Stock Exchange in the first week of February was characterized by price increases in most of the leading stock indices, similar to the trend in the leading stock exchanges in the world.
The Tel Aviv-Biomed index, which continues to stand out with an increase of approx.8%, And completed an increase of about37% from the beginning of the year. (Last week the above index rose 8.5% and we published its composition as can be seen in the link.)
A mixed trend characterized government and corporate bond indices.
The trade this week was conducted against the background of the extension of the third closure, while at the same time a rapid vaccination campaign of the population in the country continued.
In the stock market:
This week, up to NIS 478 million was raised in five issues of shares to the public.
Approximately NIS 417 million was raised in initial public offerings (IPOs) by three new technology companies – Finergy (approximately NIS 200 million), Solair (approximately NIS 132 million) and the Big Tech 50 R&D partnership (approximately 85 NIS million) and up to NIS 23 million will be raised today in an initial public offering (IPO) by a new non-bank credit company – Michman – joining eight new companies this year in the Tel Aviv stock market.
A new dual company
The technology company Rada, whose shares are traded on the Nasdaq Stock Exchange, made a double listing and began trading this week in Tel Aviv as well.
In the corporate bond market:
In the Tel Aviv bond market, about NIS 652 million was raised this week in two public bond issues.
Stock indices:
Tel Aviv-35 Index
Went up this week on0.1%, And from the beginning of the year rose by6.8%.
Tel Aviv-90 Index
Went up this week on0.7%, And from the beginning of the year rose by1.1%.
Tel Aviv-125 Index
Went up this week on0.2% And from the beginning of the year rose in5.3%.
Tel Aviv Index – SME60
Went up this week on2.8%, And from the beginning of the year rose by14.7%.
Tel Aviv Biomed Index
Went up this week on8.0%, And from the beginning of the year rose by37.3%.
Bond indices:
Index of NIS government fixed-rate bonds
Dropped this week on0.4%, And from the beginning of the year decreased by0.5%.
Tel Bond Index-60
Remained unchanged this week, and from the beginning of the year rose by0.8%.
Tel Bond-Shekel Index
Went up this week on0.2%, And from the beginning of the year rose by0.3%.
Recruitments:
Issuance of shares
Recruitment by new companies (IPOs):
Up to NIS 440 million will be raised this week in four initial public offerings:
o Three new technology companies raised about NIS 417 million.
• Finergi – a cleantech company engaged in the development of technology for the production of metal-air batteries, which produce electrical energy from aluminum and zinc, raised about NIS 200 million in a non-uniform offer to institutional investors (Book Building), according to a company value of about NIS 986 million after The offering.
• Solair – a company engaged in initiating and operating projects for the production of electricity using solar energy in Israel and Spain, raised about NIS 132 million in a non-uniform offer to institutional investors (Book Building), at a company value of about NIS 599 million after the IPO. Approximately NIS 119 million was raised by the company, and approximately NIS 13 million was raised through a sale offer by stakeholders.
• B-Tech 50 – R&D partnership that invests in technology companies, raised about NIS 59 million in a non-uniform offer for institutional investors (Book Building), and an additional NIS 26 million was raised from the general partner and other investors. Big-Tech 50 joins five R&D partnerships First on the stock exchange, listed for trading in Tel Aviv in 2020.
o Michman – a non-bank credit company, is expected to raise up to NIS 23 million today in a uniform offer to the public, at a company value of NIS 85 million after the issue.
Recruitment by listed companies:
About NIS 37 million was raised this week in two public offerings by traded companies – an importer of Excel communication products and the medical cannabis company Togder, which raised about NIS 20 and 17 million, respectively.
New dual company – first this year
Shares of the Rada technology company traded on the Nasdaq Stock Exchange (symbol: RADA) also began trading at the same time in Tel Aviv on February 2, worth about NIS 1.4 billion (on the eve of listing). The company is engaged in the development, production and marketing of ground radar systems and tool systems. Pilot.
Today, 51 dual companies are traded in Tel Aviv.
A Pander reporter adds that according to the Pander website, 87 mutual funds that hold a total of 58.24 million in RADA shares abroad as of the last publication and may now want to switch to holding the share in Israel.
For fund managers who hold shares in Rada in the United States:
MFV to the holding history of all MFV fund managers
Issuance of corporate bonds
Recruitment by trading companies
In the corporate bonds market, about NIS 652 million was raised this week in two issues of corporate bonds:
o NIS 352 million was raised by the Phoenix Insurance Company in the expansion of two series of bonds – NIS 224 million was raised in CPI-linked bonds, a 7.4-year maturity, a yield to maturity of 0.4%, an AA rating of “Maalot” And Aa3 “Midroog”, and about NIS 128 million was raised in NIS-denominated floating-rate bonds, a 5.0-year maturity, a yield to maturity of 1.3%, and an AA- “Maalot” rating.
o NIS 300 million was raised by Universal Motors Leasing Company in the issuance of a new series of shekel bonds at a fixed interest rate, a 3.9-year maturity, a 2.18% interest rate, a rating of A + degrees “Maalot”. In the amount of NIS 640 million in the years 2022-2021.
Issuance of government bonds
This week, the Ministry of Finance issued NIS 3.1 billion in bonds on the Tel Aviv Stock Exchange.
ETF market
This week, Kesem recorded a new ETF on the Overseas Equities Index – CSI300, which joins 528 mutual funds and 23 foreign funds traded on the stock exchange.
Various:
o Unemployment rate
The Central Bureau of Statistics published that the rate of employed persons temporarily absent from work due to the corona + unemployed increased from about 11.0% in the second half of December 2020 to about 14.2% in the first half of January 2021, compared to an average rate of about 17.7% in March-December 2020.
The unemployment rate fell slightly from about 4.9% of the labor force in the second half of December 2020 to about 4.6% in the first half of January 2021, compared with an average of 4.5% in March-December 2020.
Data on indices and foreign exchange stock indices:
Industry indices
Foreign Exchange
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