Trader looks at market graph 311 (R).
(photo credit: REUTERS/Tony Gentile)
The Tel Aviv Stock Exchange’s leading indexes fell approximately 10 percent in
the Jewish year of 5771, reflecting wild fluctuations in global markets, the
TASE reported Tuesday before Rosh Hashana.
The benchmark TA-25 rose 18%
between the beginning of 5771 and April 2011, continuing an upward trend that
began in July 2010. But after peaking at 1341.89 points on April 21, the index
suffered heavy losses, ending the Jewish year 8% lower than it began. The TA-100
also suffered heavy losses over the past 12 months, falling 11%.
the TA-25 and TA-100 rose 20% and 18% respectively.
Turnover of shares
shrank over the past six months, parallel with sharp falls in share values, the
TASE reported. There was also a significant slowdown over the past 12 months in
raising capital for the primary market, which deals with the issuance of new
securities. Eleven new funds were registered for trading, raising a total of NIS
The TASE inaugurated five new indices in 5771, all of them
in April: TA-Oil and Gas, TA-Com, TA-Insurance, TA-Blue- Tech 50 and the
TA-Technology index, which includes companies in the fields of electronics,
computers, clean-tech and hi-tech investment.
The list of foreign-based
TASE members grew to five late in the year, with the addition of Barclays Bank.
The TASE now boasts 28 members – 16 banks and 12 investment houses.