Introduction
The Tel Aviv Stock Exchange (TASE) opened today in negative territory, with most major equity indices posting slight declines. While large-cap stocks show weakness, the bond market remains relatively stable, with some short-term bond indices recording modest gains. Meanwhile, several individual stocks stand out for sharp moves in both directions.

Leading Indices: TA-35 and TA-125 Edge Lower

At the market open, the TA-35 Index fell 0.27% to 3,039.82 points, with a high turnover of approximately ₪279 million. Among the index components, 11 stocks are up, while 24 are down.

The TA-90 Index posted a sharper decline of 0.49%, closing at 3,338.46 points, with 18 gainers against 71 losers. The TA-125 Index, which includes large and mid-cap stocks, slipped 0.33% to 3,104.98 points, with 95 declining stocks compared to just 29 gainers.

The TA-Sector Balance Index also weakened, falling 0.47%, reflecting broad-based weakness across leading sectors.

Bond Market: Mixed Picture with Slight Upside Bias

The bond market presents a more stable outlook. The Tel-Bond Linked A Index remained unchanged, while the Tel-Bond 60 Linked Index edged higher by 0.01%. Similarly, the Short-Term Bond Index gained 0.01%, signaling investor interest in short-term debt during uncertain times. In contrast, the All-Bond General Index dipped marginally by 0.02%.

Top Gainers and Losers in TA-125

Among the notable gainers in the TA-125 Index:

• Energean surged 3.02%

• Tower Semiconductor rose 2.32%

• Interom advanced 1.83%

• Bank Hapoalim climbed 1.11%, with the highest turnover in the market at ₪56.7 million

• Delta Brands gained 1.08%

On the downside, the biggest decliners include:

• Aura down 2.09%

• Isras dropped 2.02%

• Clal Insurance lost 2%

• Fattal Holdings slid 1.99%

• Dimri declined 1.97%

Market Outlook

Trading on the Tel Aviv Stock Exchange is expected to remain volatile amid global uncertainty and anticipation of key macroeconomic data. Investors are closely monitoring trends in the U.S. and European markets, which could influence the direction of local trading later today.