The Tel Aviv Stock Exchange ended August 24 with a broad-based decline across major equity benchmarks, reversing much of the stability seen during the previous session. Selling pressure was evident across large- and mid-cap shares, while bond markets remained comparatively contained. Total stock-market turnover reached approximately NIS 2.85 billion, with bond turnover at approximately NIS 3.29 billion.

Major Equity Indexes Move Lower

The Tel Aviv-35 declined 1.09% to 4,126.55 points, with 16 securities advancing, 18 declining and two unchanged. The move marked a clear shift from the relatively balanced trading seen on August 20, when the benchmark slipped only 0.29%.

The Tel Aviv-90 also came under pressure, falling 1.05% to 3,659.72 points. Twenty-six securities advanced against 59 decliners and five unchanged securities, highlighting the broader selling pressure across the mid-cap segment.

The Tel Aviv 90 and Banks Index declined 0.77% to 3,909.69 points. Twenty-eight securities advanced, while 62 declined and five were unchanged. The banking-related segment therefore outperformed the broader TA-90 and major benchmarks, although it still finished lower.

The broader Tel Aviv-125 fell 1.09% to 4,014.95 points. Market breadth was notably negative, with 42 advancing securities compared with 77 decliners and seven unchanged securities.

Value and Sector-Balance Indexes Also Weaken

The Tel Aviv-125 Value Index was comparatively resilient, declining just 0.02% to 4,158.12 points. However, market breadth within the index remained negative, with 19 advancing securities, 33 declining and four unchanged.

The smaller decline contrasts with the sharper movements seen in the broader equity benchmarks and indicates that value-oriented shares remained relatively defensive during the session.

The Tel Aviv Sector-Balance Index fell 0.83% to 4,598.56 points. Thirty-four securities advanced, compared with 59 decliners and seven unchanged. The negative breadth indicates that the decline extended across a substantial portion of the sector-balanced universe rather than being concentrated exclusively in a handful of large companies.

Bond Market Shows Greater Stability

Fixed-income markets experienced smaller movements than equities. The Short-Term Bond Index remained unchanged at 478.10 points, with 53 securities advancing, 34 declining and 48 unchanged.

The All-Bond General Index declined 0.03% to 432.42 points. A total of 250 securities advanced against 287 decliners and 78 unchanged securities, pointing to modest negative breadth without a significant overall price move.

The Tel Bond-Adjoined A Index fell 0.06% to 438.87 points, while the Tel Bond 60 Adjacent Index slipped 0.01% to 428.59 points. The limited movements across these benchmarks suggest that the day’s pressure was concentrated more heavily in equities than in fixed income.

Market Outlook

The August 24 session leaves investors watching whether the equity decline develops into a broader correction or remains a short-term pullback. Market breadth, particularly within the TA-125 and TA-90, will be important in assessing the durability of any subsequent recovery. Trading volumes, banking shares and the relative resilience of value stocks will also warrant attention, while bond-market stability could provide an indication of whether broader risk sentiment remains contained.