Israeli Equities Retreat Across the Market

The Tel Aviv Stock Exchange ended November 13 with broad losses, as all eight listed benchmarks declined. The Tel Aviv-35 fell 0.88% to 4,038.02, while the broader Tel Aviv-125 lost 0.98% to 3,920.85. The Tel Aviv-90 recorded a sharper decline of 1.39%, closing at 3,583.20.

The latest session reversed the modest recovery recorded on November 12, when the Tel Aviv-35 and Tel Aviv-125 advanced 0.37% and 0.19%, respectively. The return to negative territory indicates that the previous session’s gains were not sustained.

Weakness extended across the remaining benchmarks. The Tel Aviv-SME60 declined 1.23% to 1,180.75, while the Tel Aviv-200 fell 1.25% to 3,748.03. The Tel Aviv Sector-Balance index lost 1.14% to 4,463.02. The Tel Aviv-90 and Banks index dropped 1.39% to 3,805.16, while the Tel Aviv-20 declined 0.82% to 3,842.87.

The uniform direction of the eight indices points to a broadly negative session, although the available data does not identify the specific catalysts behind the declines.

Trading Activity and Market Turnover

Stock turnover reached approximately NIS 1.47 billion, based on reported activity of NIS 1.471 billion. Bond turnover totaled approximately NIS 1.69 billion, exceeding equity trading activity by around NIS 221 million.

Trading activity was lower than the levels recorded in several of the preceding sessions. The figures indicate a comparatively quieter session across both equity and fixed-income markets, although turnover alone does not establish the reasons behind the change in activity.

The Tel Aviv-125 recorded approximately NIS 1.14 billion in turnover, while the Tel Aviv-200 registered around NIS 1.21 billion. The Tel Aviv-35 generated approximately NIS 896.87 million, and the Tel Aviv Sector-Balance index recorded around NIS 1.10 billion.

These index-level turnover figures may overlap and should not be added together to calculate total market turnover.

Individual Stocks Show Diverging Performance

Despite the broad market decline, Palo Alto advanced 4.57% to 106,500, making it the strongest reported gainer among the notable Tel Aviv-125 movements.

Nofar Energy moved in the opposite direction, declining 5.60% to 12,980. Its decline contrasted with Palo Alto’s advance and reflected the continued divergence in individual-stock performance.

National recorded approximately NIS 100.18 million in turnover, making it a notable individual trading figure during the session. The supplied data does not establish the specific company-related catalysts behind these movements.

What Investors Should Watch Next

The next trading sessions will help determine whether the Tel Aviv-35 can maintain its position above 4,000 and whether the Tel Aviv-125 can stabilize around 3,920. The Tel Aviv-90’s continued weakness will also be relevant when assessing the performance of mid-cap securities.

Investors may monitor whether trading activity increases alongside any further declines and whether the market begins to show signs of stabilization across its different segments. A recovery in the broader indices, supported by improving individual-stock performance, would provide stronger evidence of a change in direction.

The relationship between equity and bond turnover will also remain relevant as investors assess activity across the Israeli capital market.

Closing Insights

The November 13 session ended with losses across all eight listed benchmarks, reversing the modest gains recorded a day earlier. The Tel Aviv-90 and the banking-related index recorded the largest declines, while stock turnover remained below the levels seen in several recent sessions. Although Palo Alto advanced, the broader market remained under pressure. The next sessions will determine whether the latest decline represents another temporary setback or the continuation of a wider period of weakness.