Foreign residents sold a net $160 million of Tel Aviv Stock Exchange (TASE) shares in May, and $210 million of shares in Israeli companies traded abroad, the Bank of Israel reported today. The sell-off followed $440 million in net investment in TASE shares in April.
Foreign residents also sold a net $790 million of government bonds and $400 million of makam (short-term Treasury notes) in May, bring total net sales in January-May to $4.5 billion. Foreign residents sold a net $120 million of government bonds traded abroad in May.
Direct foreign investment via Israeli banks totaled $740 million in May, mostly in high-tech companies.
Net investment by Israelis in foreign shares totaled $300 million in May: net investment by the institutional investors and the business sector totaled $410 million, which was partly offset by net sales of $110 million by households.
Israelis sold a net $50 million of direct foreign investments in May, mostly in insurance and high-tech companies.
Published by Globes [online], Israel business news - www.globes-online.com - on July 9, 2012
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