Nonresidents invested a net $160 million in Tel Aviv Stock Exchange (TASE) listed shares during August 2012, after investing a net $260 million in July, the Bank of Israel reported today. It added that preliminary figures for September show a drop in nonresidents' investment in the TASE.
Nonresidents' net direct investment via domestic banks totaled $500 million in August, most of which was invested in the manufacturing and high-tech sectors, and was spread among a relatively large number of companies.
Nonresidents sold a net $90 million in government bonds and $10 million in makams (short-term Treasury notes), following net sales of $1 billion in government bonds and $3.3 billion in makams in January-July. $110 million of government bonds traded abroad were sold in August.
The Bank of Israel also reported that net investment by Israelis in foreign shares traded abroad totaled $780 million in August. Institutions invested $720 million in foreign shares and households invested $90 million, but the business sector sold a net $30 million in sales of foreign shares during the month.
Israelis also invested a net $40 million in tradable bonds abroad. Households invested $90 million foreign bonds, which was partially offset by net sales by institutional investors.
Published by Globes [online], Israel business news - www.globes-online.com - on October 10, 2012
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