Tel Aviv Market Remains Under Pressure

The Tel Aviv Stock Exchange closed September 28 with another broadly weaker session, as all three major equity benchmarks declined. Tel Aviv-35 fell 0.49% to 4,221.26, while Tel Aviv-125 slipped 0.57% to 4,077.21. The broader Tel Aviv-90 again recorded the largest decline among the major indices, falling 0.92% to 3,644.14.

The latest session followed the sharp losses recorded on September 24, indicating that selling pressure remained visible across the market. The declines were also accompanied by negative breadth across most major indices.

Broad Market Weakness Extends Beyond Large Caps

Market breadth showed that the weakness was not limited to a small group of large-cap stocks. Within the Tel Aviv-90, 65 securities declined compared with 22 that advanced. The Tel Aviv-125 recorded 89 declining securities against 34 gainers.

The Tel Aviv-200 fell 0.80%, while the Tel Aviv Sector-Balance index declined 0.61%. The Tel Aviv 90 and banks index also weakened by 0.72%, showing that financial stocks participated in the broader decline.

The Tel Aviv-SME60 fell 0.52% to 1,301.59, meaning smaller companies also moved lower. The Tel Aviv-20 declined 0.40%, although its decline was somewhat smaller than those of the broader benchmarks.

Taken together, the index movements and breadth figures point to a market session characterized by widespread weakness rather than isolated pressure in a single segment.

Trading Activity Remains Moderate

Total stock turnover reached approximately NIS 2.48 billion, while bond turnover amounted to approximately NIS 2.74 billion. Within equities, Tel Aviv-125 generated approximately NIS 1.94 billion in turnover, while Tel Aviv-200 recorded approximately NIS 1.99 billion.

Tel Aviv-35 turnover stood at approximately NIS 1.40 billion, and the Tel Aviv 90 and banks index recorded approximately NIS 1.07 billion. The relatively close levels of stock and bond turnover indicate continued activity across both major asset classes despite the downward movement in equities.

Sharp Individual Stock Moves Highlight Divergence

Individual stocks continued to show significant divergence despite the broad market decline. Doral Energy rose 4.39% to 5,327, making it the notable gainer identified from the TA-125 Index.

Electra Real Estate moved sharply in the opposite direction, falling 15.88% to 1,547. The magnitude of the decline stood out against the broader index losses and represented the most significant individual downward move listed for the session.

The market’s next sessions will be important for determining whether the recent weakness begins to stabilize or develops into a more persistent decline. Investors will likely monitor the TA-35 around the 4,200 level, the TA-125 around 4,077, and continued performance of the TA-90 after its latest decline. Market breadth, turnover across equities and bonds, and sharp individual-stock movements will also remain important indicators of changing participation and risk appetite.