The Tel Aviv Stock Exchange closed August 27 with another broad advance across its major equity benchmarks, extending the recovery seen over the previous two sessions. Mid-cap shares again outperformed the largest companies, while value and sector-balanced indexes also recorded solid gains. Stock-market turnover reached approximately NIS 2.96 billion, while bond-market turnover was significantly higher at approximately NIS 7.77 billion.

Major Equity Indexes Build Momentum

The Tel Aviv-35 climbed 1.17% to 4,193.68 points, with 28 securities advancing and only eight declining. No securities were unchanged. The benchmark has now extended its recovery following the 1.09% decline recorded on August 24, with buying participation becoming increasingly broad.

The Tel Aviv-90 was stronger, rising 1.49% to 3,783.35 points. Sixty-seven securities advanced compared with 21 decliners and two unchanged securities. The performance continues the stronger momentum seen in mid-cap shares during the recent rebound.

The Tel Aviv 90 and Banks Index increased 1.08% to 4,008.46 points. Seventy-two securities advanced, while 21 declined and two remained unchanged. The move pushed the index back above the 4,000-point level, marking an important round-number threshold after its recent weakness.

The broader Tel Aviv-125 gained 1.27% to 4,094.17 points. Market breadth was strongly positive, with 95 advancing securities against 29 decliners and two unchanged securities. This represents a substantial improvement from the broad selling pressure observed earlier in the week.

Value and Sector Shares Lead the Recovery

The Tel Aviv-125 Value Index rose 0.89% to 4,264.48 points. Forty-two securities advanced compared with 13 decliners and one unchanged security. The continued strength in value shares indicates that the recovery is not limited to the largest companies.

The Tel Aviv Sector-Balance Index also gained 1.00%, reaching 4,688.57 points. Seventy-five securities advanced, while 24 declined and one remained unchanged. The strong breadth reinforces the view that buying activity was widespread across sectors.

The latest session follows gains of 0.61% and 0.34% in the Sector-Balance Index on August 26 and August 25 respectively, showing that this segment has maintained positive momentum during the broader market recovery.

Bond Market Sees Heavy Turnover

Bond markets delivered mixed but generally stable results. The Short-Term Bond Index declined 0.10% to 477.65 points, with 39 securities advancing against 53 decliners and 43 unchanged.

The All-Bond General Index, however, rose 0.03% to 432.70 points. Three hundred and four securities advanced compared with 241 decliners and 70 unchanged securities. Trading activity was particularly elevated, with bond-market turnover reaching approximately NIS 7.77 billion.

Tel Bond-Adjoined A gained 0.04% to 439.53 points, while the Tel Bond 60 Adjacent Index increased 0.03% to 428.97 points. Both benchmarks recorded positive breadth, supporting the generally stable tone across much of the fixed-income market.

Market Outlook

The August 27 session strengthens the recent recovery in Tel Aviv equities, with broad participation and particularly strong performance from the TA-90 and TA-125. The next sessions will show whether the rally can continue to rebuild the ground lost during the earlier declines. Investors will be watching the TA-35’s approach toward the 4,200-point area, the TA-125’s ability to remain above 4,000, continued strength in mid-cap and value shares, and whether elevated bond-market activity signals changing risk preferences. Renewed weakness in market breadth or a reversal in the recent gains would remain key risks to the recovery.