Tel Aviv equities are trading with a mixed tone, as the TA-35 remains slightly higher while most broader market benchmarks are in negative territory. The contrast between the major indices highlights a selective trading environment, with significant weakness in the TA-90 and banking-related shares offset by gains in the TA-SME60 and TA-20.

TA-35 Edges Higher Despite Negative Market Breadth

The TA-35 is trading at 4,206.83, representing a gain of 0.12%. Despite the positive index performance, its internal breadth is negative, with 13 securities advancing compared with 22 declining. This indicates that the modest rise in the benchmark is not being supported by a majority of its constituents.

The TA-90 is showing considerably weaker performance, declining 0.63% to 3,929.24. Market breadth is also strongly negative, with 17 securities advancing and 72 declining. The combination of the decline in the index and the significant gap between advancing and declining securities points to broad weakness across the companies represented in the benchmark.

The TA-125 is also slightly lower, falling 0.08% to 4,135.38. Its breadth is considerably weaker, with 30 advancing securities against 94 declining. The TA-200 is down 0.34% at 4,081.38, with 74 securities advancing and 116 declining. These figures show that selling pressure is extending across much of the broader Tel Aviv equity market.

Banking Shares Decline as Smaller Companies Outperform

Banking-related equities are also under pressure. The TA 90 and Banks index is down 0.38% at 4,142.73, with 21 securities advancing compared with 72 declining. The breadth within the index is therefore substantially negative, reinforcing the weaker performance visible across several of the broader Tel Aviv benchmarks.

The market is not uniformly negative, however. The TA-SME60 is the strongest-performing benchmark in the supplied data, gaining 0.54% to 1,382.09. Its breadth is also positive, with 40 securities advancing and 18 declining. This suggests that smaller companies are showing relative strength even as the TA-90 and broader indices decline.

The TA-20 is also trading higher, rising 0.19% to 4,075.25, with 11 advancing securities and eight declining. The performance of these two benchmarks creates a clear contrast with the weakness in the TA-90, banking shares and the broader TA-200.

Broader Market Weakness and Trading Activity

The TA Sector-Balance index is declining 0.29% to 4,780.09, with 26 securities advancing and 73 declining. This is another indication that the negative tone is relatively broad across the market rather than being confined to one major benchmark.

Reported turnover also remains significant across several of the indices. The TA-200 records approximately NIS 377.8 million, while the TA-125 records approximately NIS 368.8 million. The TA Sector-Balance records approximately NIS 352.5 million, and the TA-35 records approximately NIS 312.1 million. The TA-20 records approximately NIS 242.4 million, while the TA 90 and Banks index records approximately NIS 132.2 million. The TA-SME60 records approximately NIS 13.1 million.

The combination of negative breadth across most major benchmarks and positive performance in selected segments indicates that investors are not moving uniformly in one direction. Instead, performance is diverging significantly between different groups of listed companies.

What to Watch as the Session Develops

Investors will be watching whether the TA-35 can sustain its modest gain despite its negative breadth and whether declines in the TA-90, TA-125, TA-200 and banking index deepen or begin to stabilize. Continued strength in the TA-SME60 and TA-20 could point to selective demand, but a deterioration in breadth among the major benchmarks would reinforce the market’s weaker underlying tone. Trading activity and the balance between advancing and declining securities will remain important indicators, while developments affecting investor risk appetite could determine whether the current divergence widens or begins to narrow.