Israeli Equities Extend Their Recovery

The Tel Aviv Stock Exchange continued its upward movement on November 9, with all eight listed benchmarks closing higher. The Tel Aviv-35 advanced 1.84% to 4,013.50, returning above the 4,000 threshold. The broader Tel Aviv-125 gained 1.97% to 3,898.91, approaching the 3,900 level.

The Tel Aviv-90 outperformed the larger benchmarks, rising 2.58% to 3,559.42. Its stronger performance indicates that the recovery extended beyond the largest listed companies and included substantial gains across mid-cap securities.

The positive trend was also reflected in the other indices. The Tel Aviv-SME60 climbed 2.44% to 1,186.32, while the Tel Aviv-200 advanced 2.32% to 3,734.43. The Tel Aviv Sector-Balance index gained 2.12% to 4,445.23. The Tel Aviv-90 and Banks index increased 1.62% to 3,804.02, while the Tel Aviv-20 rose 1.96% to 3,825.31.

The gains followed the November 6 recovery, when the Tel Aviv-35 advanced 3.09% and the Tel Aviv-125 gained 2.81%. The latest session extended that positive momentum, although the indices have not yet returned to their earlier October levels.

Broad Market Participation Reinforces the Advance

Market breadth was strongly positive across all eight listed benchmarks, providing further evidence that the recovery was supported by widespread participation.

Within the Tel Aviv-125, 106 securities advanced compared with 18 that declined. The Tel Aviv-90 recorded 82 advancing securities and just seven declining securities. The Tel Aviv-35 also showed positive breadth, with 24 advances against 11 declines.

The broader indices reflected similar strength. The Tel Aviv-200 recorded 163 advancing securities and 35 declining securities, while the Tel Aviv-SME60 registered 46 advances against 13 declines. The Tel Aviv Sector-Balance index reported 86 advancing securities and 13 declining securities.

The Tel Aviv-90 and Banks index recorded 83 advances and 11 declines, while the Tel Aviv-20 registered 13 advancing securities against seven declining securities.

The consistent positive breadth across the major benchmarks suggests that the session’s gains were not limited to a small number of heavily weighted companies. Instead, the advance extended across a broad range of listed securities.

Trading Activity and Market Turnover

Stock turnover reached approximately NIS 4.40 billion, based on reported activity of NIS 4.405 billion. Bond turnover totaled approximately NIS 5.53 billion, exceeding equity trading activity by around NIS 1.12 billion.

The Tel Aviv-125 recorded approximately NIS 3.19 billion in turnover, while the Tel Aviv-200 registered around NIS 3.37 billion. The Tel Aviv Sector-Balance index generated approximately NIS 3.07 billion, and the Tel Aviv-35 recorded around NIS 2.49 billion.

The Tel Aviv-20 registered approximately NIS 1.77 billion in turnover, while the Tel Aviv-90 and Banks index recorded approximately NIS 1.19 billion.

These index-level turnover figures may overlap and should not be added together to calculate total market turnover. Nevertheless, the overall figures show that the market’s advance occurred alongside substantial activity in both equities and bonds.

Individual Stocks Show Diverging Performance

Among the reported Tel Aviv-125 constituents, Next Vision advanced 9.26% to 17,700, making it the strongest reported gainer. Avisror moved in the opposite direction, declining 4.80% to 1,011.

The contrasting performances demonstrate that individual-stock movements remained uneven despite the broadly positive market environment. Next Vision’s advance stood out against the major indices, while Avisror recorded a decline during a session in which most listed securities moved higher.

Tower recorded approximately NIS 213.30 million in turnover, making it a notable individual trading figure. The supplied data does not establish the specific catalysts behind the individual stock movements.

What Investors Should Watch Next

The next trading sessions will help determine whether the recovery can continue and whether the leading indices can maintain their latest gains. The Tel Aviv-35’s return above 4,000 and the Tel Aviv-125’s approach toward 3,900 provide important reference points for monitoring near-term direction.

The continued strength of the Tel Aviv-90 will also be relevant, particularly given its outperformance relative to the larger benchmarks. Investors may monitor whether positive market breadth persists and whether mid-cap and smaller-listed securities continue participating in the advance.

Trading turnover and the relationship between equity and bond activity will provide additional context for assessing the market’s direction.

Closing Insights

The November 9 session extended the recovery in Israeli equities, with all eight listed benchmarks advancing and market breadth strongly favoring rising securities. The Tel Aviv-35 returned above 4,000, while the Tel Aviv-125 approached 3,900. The Tel Aviv-90 led the major indices with a 2.58% gain, reflecting particularly strong participation beyond the largest companies. Whether this momentum can continue will depend on sustained market breadth and follow-through in subsequent sessions.