The Tel Aviv Stock Exchange opened on December 3, 2025, with moderate gains across key indices, as investors weighed domestic market performance against broader global trends. Early trading reflects cautious optimism, with most indices advancing slightly while bond markets remain stable. Investors appear focused on incremental movements in blue-chip equities alongside measured shifts in sectoral performance.

Equity Market Performance

The TA-35 index rose marginally by 0.01% to 3,495.61 points, with 19 stocks advancing, 16 declining, and no stocks unchanged. The TA-90 added 0.16% to 3,709.87 points, supported by gains in mid-cap stocks, while the TA-125 recorded a modest increase of 0.04% to 3,539.64 points. The broader TA-90 and banks index also moved higher, up 0.07% to 3,875.77 points, highlighting a steady but selective buying interest in major banking stocks.

The total trading volume in the equity market reached 167,603,000 NIS, suggesting moderate participation from institutional and retail investors. The measured upward movement across indices indicates confidence in market stability, though the lack of sharp momentum points to a cautious approach amid ongoing macroeconomic uncertainty.

Bond Market and Fixed-Income Developments

Bond indices recorded limited changes, reflecting stable demand and controlled market risk sentiment. The short-term bond index rose 0.01% to 463.87 points with minimal activity, while the all-bond general index added 0.02% to 418.27 points. Notably, the TA-125 value index saw a larger increase of 0.25% to 3,937.36 points, highlighting selective interest in longer-duration or inflation-protected bonds.

Volumes in the bond market totaled 55,438,000 NIS, with moderate trades across short-term and longer-term instruments. The inflation-linked bond indices remained largely unchanged, signaling that investors are balancing between preserving capital and achieving steady yield. The negligible decline in the TA-bond-linked A index, down 0.01%, illustrates minor sectoral adjustments rather than systemic pressure.

Market Dynamics and Sector Trends

Trading patterns indicate a measured allocation of capital across sectors. Equity advances were slightly concentrated in financial and industrial shares, while declines appeared in selective energy and tech-related stocks. This distribution suggests investors are favoring stability and liquidity over aggressive sector bets.

Similarly, bond market activity reflects an ongoing interest in risk management, with short-term and inflation-protected instruments maintaining appeal. The moderate movements in TA-125 and sector-balance indices point to a balanced approach, with investors monitoring interest rates and macroeconomic signals for direction.

Outlook for December 3, 2025

Looking ahead, investors will be closely watching domestic and global economic cues that could influence market momentum. Key factors include potential shifts in interest rates, corporate earnings releases, and ongoing geopolitical or trade developments that may affect market confidence. Selective sector performance and moderate volume suggest that market participants will continue to act cautiously, balancing risk management with opportunities in equities and fixed-income instruments. Monitoring intraday liquidity and sector rotation will be essential for anticipating next steps, while bond market stability provides a baseline for investor confidence in domestic financial instruments.