On Wednesday, June 19, 2025, the Tel Aviv Stock Exchange opened with broad gains, as most major indices posted positive returns. Leading the trend were the TA-35, TA-90, TA-125, and TA-125 Value indices, alongside active trading in the corporate bond market.

The rally comes amid a relatively stable macroeconomic backdrop, declining inflation rates, and growing expectations of an expansionary monetary policy later in the year.

Market Overview – June 19, 2025

Broad Gains Across Equity Indices

Most of Tel Aviv’s major equity indices opened with sharp gains. The TA-125 Value Index led the way with a 1.34% increase, reflecting a growing investor preference for value stocks over high-growth plays.

The Sector Balance Index also posted a strong 1.14% gain, supported by high trading volumes indicating increased institutional interest.

Meanwhile, the TA-35, which includes Israel’s largest and most traded companies, rose by 1.03%, reinforcing the perception that current valuations are still attractive to investors.

Bond Market: Stable with a Positive Bias

The bond market displayed moderate gains and overall stability, with inflation-linked indices such as Tel-Bond Linked A and Tel-Bond 60 Linked rising by 0.13% and 0.21%, respectively.

High trading volumes — totaling over NIS 4.5 billion — suggest increased activity from institutional investors. This is likely driven by the still-high interest rates, which keep fixed-income instruments attractive.

Trading Volumes and Market Sentiment

• Equity Market Volume: NIS 4,627,140,000

• Bond Market Volume: NIS 4,551,936,000

Both markets are showing strong trading activity, with elevated volumes signaling renewed confidence among investors. Additionally, the number of advancing securities significantly outpaces those declining, reinforcing the bullish momentum—at least in the short term.

Key Takeaways and Outlook

Today’s strong opening highlights several emerging trends:

• Investor Preference for Value Stocks – as markets seek stability and attractive valuations.

• Renewed Interest in Bonds – high rates are attracting capital back into solid fixed-income products.

• Increased Institutional Participation – heavy volumes point to the return of large players to the market.

Looking ahead, the Israeli capital market is expected to remain sensitive to further developments in interest rate policy, inflation trends, and global political dynamics. For now, however, sentiment is clearly positive, and investors are hoping the summer rally will continue.