The Tel Aviv stock market opened higher on the morning of December 4, 2025, with the major indices reflecting moderate upward momentum. The rally is supported by strong performance in blue-chip stocks and balanced sector gains, while bond markets show limited movement. Israeli and global investors are monitoring market liquidity and sector trends as economic indicators continue to shape expectations for the end-of-year performance.

Equity Market Performance

The TA-35 index opened at 3,500.62 points, up 0.97%, signaling robust investor appetite for large-cap stocks. The TA-125 index also recorded a gain of 0.74%, reaching 3,537.35 points, with 58 stocks advancing against only nine decliners. Sectoral performance remains positive across the board, particularly within the TA Sector-Balance index, which rose 0.53% to 4,107.44 points, with 49 advancing stocks compared to seven losing. Smaller indices like the TA-90 and TA-90 Banks experienced minor increases of 0.05% and 0.19% respectively, reflecting cautious trading in mid-cap and banking sectors. The overall market breadth indicates a broad-based positive sentiment among investors during the opening hours.

Bond Market Overview

The Tel Aviv bond market remained relatively stable during the morning session. Short-term bond indices, including the 60-linked and A-linked bond indices, showed minimal changes, with the All-Bond General index up 0.01% to 418.21 points. Trading volumes remain modest, with 5,801.75 thousand NIS transacted across bond instruments. Market participants appear focused on yield stability and potential interest rate expectations, with minimal volatility observed in government and corporate debt instruments. This cautious stance is consistent with investors balancing equity optimism against fixed-income risk in a low-rate environment.

Market Liquidity and Trading Activity

Trading activity is concentrated in high-liquidity instruments, with the total equity turnover reaching 174,257 thousand NIS, signaling continued engagement from institutional and retail investors. The TA-125 Value index gained 0.52% to 3,923.87 points, reflecting healthy demand for both growth and value-oriented assets. Market dynamics show that while the majority of securities are advancing, a small segment remains unchanged, highlighting selective positioning and cautious market behavior. Investors are also monitoring volume distribution across sectors and indices to identify potential momentum plays as the day progresses.

Forward-Looking Market Considerations

Looking ahead, investors will be closely observing the interplay between domestic equity performance and bond market stability, particularly as macroeconomic indicators and global market sentiment continue to evolve. Key factors include liquidity trends, sector rotation patterns, and potential volatility in both equities and fixed-income instruments. Any shifts in interest rate expectations, corporate earnings updates, or geopolitical developments could influence market direction for the remainder of the day. Market participants are advised to monitor daily price movements, trading volumes, and index correlations to gauge the sustainability of the morning gains and adjust their strategies accordingly.