The Tel Aviv Stock Exchange opened on December 9, 2025, with modest gains in headline indices as investors adopted a cautious approach. The TA-35 rose 0.42% to 3,563.51 points, while other indices showed mixed results, highlighting sector-specific pressures and divergent sentiment. Investors are closely tracking market movements, weighing corporate performance, macroeconomic indicators, and interest rate expectations to guide their trading decisions.

Equity Market Overview

The TA-35 index recorded gains as 21 stocks advanced compared with 13 decliners, demonstrating selective buying in large-cap equities. In contrast, the broader TA-90 index increased just 0.01% to 3,683.24 points, with declines outnumbering advances (47 to 30), indicating weaker performance among mid-cap and smaller companies. The TA-90 Banks index fell 0.16% to 3,886.67 points, reflecting profit-taking in banking shares. The TA-125 index rose 0.32% to 3,584.22 points, although the value-weighted TA-125 fell slightly by 0.09% to 3,974.17 points. These trends reflect a cautious investor stance, focusing on valuations and sector-specific fundamentals while navigating market volatility.

Bond Market Stability

Israeli fixed-income markets showed minimal movement, suggesting steady sentiment among bond investors. The short-term bond index (up to one year) rose 0.01% to 464.18 points, while the general All-Bond index edged up 0.01% to 417.25 points. Sector-specific performance was mixed: the T-Bond A-linked index declined 0.02% to 417.92 points, while the 60% inflation-linked T-Bond gained 0.02% to 411.08 points. Total bond trading volumes reached 82,562 thousand NIS, reflecting continued institutional and retail activity in risk-mitigating assets amid equity market fluctuations.

Sector Trends and Market Drivers

Trading in equities totaled 268,339 thousand NIS, indicating active participation from investors balancing opportunities and risks. The TA Sector-Balance index gained 0.27% to 4,141.36 points, though advances and declines were nearly balanced (44 up versus 50 down), reflecting selective sector rotation. Banking, technology, and industrial segments remain under close observation as investors navigate global macroeconomic pressures and domestic market dynamics. Movements in these sectors suggest ongoing attention to corporate earnings, interest rate expectations, and broader economic indicators that shape short-term market sentiment.

Looking Ahead: Key Factors to Monitor

As the trading day progresses, market participants will be closely watching developments in interest rate policies, inflation readings, and corporate earnings reports. Volatility in mid-cap and sector-specific stocks could offer opportunities for tactical adjustments, while bond markets provide a stabilizing counterbalance for portfolios. Investors will also track the interplay between domestic economic trends and global market pressures, including geopolitical developments and international capital flows. The balance between equity gains, sector rotation, and fixed-income stability will likely guide sentiment and trading patterns in the near term.