The Tel Aviv stock market opened February 12, 2026, with moderate gains in the equity segment while bond markets remained relatively flat. Investors are navigating a backdrop of cautious optimism, balancing selective equity exposure with stability in fixed-income instruments. The early trading session reflects ongoing attention to sector-specific momentum and overall liquidity conditions in both domestic and cross-border contexts.

Equity Market Dynamics

The TA-35 index climbed 0.62% to 4,186 points, with 19 stocks advancing, 13 declining, and 3 unchanged. The broader TA-90 increased 0.29% to 4,076.53 points, while the TA-125 recorded a 0.56% rise to 4,159.29 points. These gains are accompanied by a combined equity turnover of approximately ₪50.36 billion, signaling continued engagement from institutional and retail participants. Notably, sector-specific indices such as the TA Sector-Balance moved up 0.56% to 4,828.82 points, suggesting selective rotation into defensive and growth-oriented equities.

The market continues to reflect underlying macroeconomic uncertainty, as investors weigh corporate earnings updates, international technology trends, and regional trade dynamics. Mid-cap and large-cap companies have displayed divergent performance patterns, reinforcing the importance of tactical positioning and risk monitoring.

Fixed-Income and Bond Market Trends

The bond market remained largely stable, with the short-term up-to-one-year bond index unchanged at 467.20 points and the all-bond general index holding at 423.70 points. The total bond market turnover reached approximately ₪15.34 billion. While most government and corporate bonds maintained flat performance, inflation-linked bond indices such as the TL Bonds A and TL Bonds 60 exhibited marginal gains of 0.01%.

This stability in fixed-income instruments underlines a cautious market sentiment and ongoing demand for predictable returns, particularly among conservative investors seeking to balance equity exposure with lower-risk assets. The bond market’s steadiness also provides context for broader macro positioning, as policymakers continue to signal a focus on fiscal prudence and interest rate management.

Sector Rotation and Investor Behavior

Analysis of sector-level activity indicates a measured approach, with equity gains concentrated in select technology, healthcare, and industrial companies, while traditional financials and cyclical sectors displayed mixed results. Investors appear focused on liquidity management and short-term tactical trades, reflecting sensitivity to global economic data, US market cues, and geopolitical developments in the region.

The interplay between equity and bond movements highlights the continued relevance of multi-asset strategies for both institutional and high-net-worth investors. Traders are actively monitoring turnover metrics, sector-specific news, and macroeconomic signals to optimize portfolio positioning amid ongoing market volatility.

Forward-Looking Market Considerations

Looking ahead, market participants should closely track corporate earnings releases, domestic and international economic indicators, and any shifts in monetary policy that could influence liquidity and sector performance. Potential risks include unexpected geopolitical developments, fluctuations in global commodity prices, and changes in interest rate expectations. Opportunities may emerge from selective sector rotation, tactical equity exposure, and strategic allocation between equity and fixed-income assets. Maintaining disciplined monitoring and adaptive positioning will be critical for navigating the Tel Aviv market in the coming sessions.