Tel Aviv stocks are trading in mixed territory as the market loses some of the broad momentum seen in the previous session. While the TA-35 and TA-20 are posting gains, several broader benchmarks are declining, led by a sharp drop in small-cap shares. The divergence highlights a market in which strength among selected large-cap constituents is offset by weaker participation across broader and smaller segments.

Large-Cap Shares Provide Support

The TA-35 is up 0.50% at 4,224.81, with its advancing and declining constituents evenly split at 18 each. Turnover reaches approximately NIS 627.6 million, making the benchmark one of the more actively traded segments of the market. The index’s gain provides an important source of support for Tel Aviv equities despite the weakness visible elsewhere.

The TA-20 is also advancing, gaining 0.49% to 4,071.41. Its breadth is more clearly positive, with 13 securities rising against seven declining, while turnover stands at approximately NIS 482.5 million. The combination of gains in the TA-35 and TA-20 suggests that some of the market’s leading shares are continuing to attract buying interest even as broader participation weakens.

The TA-125 is up 0.23% at 4,085.03, although its breadth is negative. Forty-nine securities are advancing compared with 76 declining, while turnover reaches approximately NIS 759.6 million. This divergence between the index level and internal breadth indicates that gains in selected larger constituents are helping offset weakness elsewhere within the benchmark.

Small-Cap Shares Lead the Decline

The sharpest move is coming from the TA-SME60, which falls 1.07% to 1,310. Only eight securities in the index are advancing, compared with 46 declining, while turnover reaches approximately NIS 19.5 million. The combination of the largest percentage decline and strongly negative breadth points to significant weakness across the small-cap segment.

The TA-90 is also under pressure, declining 0.57% to 3,670. Its breadth is negative, with 31 advancing securities against 58 decliners, while turnover reaches approximately NIS 132.0 million. The decline indicates that weakness is extending beyond the smallest companies into the broader mid-cap segment.

The banking segment is somewhat more resilient but remains negative. The TA 90 and Banks index falls 0.17% to 3,915.14, with 35 advancing securities versus 59 declining and turnover of approximately NIS 342.8 million.

Broad Market Benchmarks Show Negative Breadth

The TA-200 is down 0.38% at 3,895.32, with 63 securities advancing against 128 declining. Turnover of approximately NIS 773.6 million is the highest among the listed benchmarks, indicating substantial activity despite the broader decline. The TA Sector-Balance index also falls 0.20% to 4,627.18, with 39 advancing securities and 60 declining, while turnover reaches approximately NIS 733.1 million.

The current market picture therefore shows a clear split between selected large-cap strength and broader weakness. Four of the eight major benchmarks are declining, and negative breadth is visible across TA-90, TA-125, TA-200, TA Sector-Balance and the banking index.

What Investors Should Watch Next

The sustainability of the current advance in large-cap shares will be an important factor for the Tel Aviv market as trading continues. Investors will be watching whether the TA-35 and TA-20 can maintain their gains while participation improves across the broader indices. The TA-SME60 will also be a key gauge of risk appetite, given its sharp decline and deeply negative breadth. Turnover in the TA-200 and TA Sector-Balance can provide further clues about the intensity of current positioning. A continued divergence between large-cap strength and weakness across smaller and broader segments would point to a selective market, while improving breadth could provide a stronger foundation for the broader recovery.