Red Day on the Tel Aviv Stock Exchange: Indices Plummet While One Stock Jumps Over 33%
The local stock exchange saw a red trading day with declines across leading indices. Amid the downturn, largely driven by negative trends in global chip stocks, one company recorded an unusual double-digit surge that surprised investors.
The Tel Aviv Stock Exchange closed this Tuesday with declines in its two main indices. The TA-35 index fell by 1.81% to 4,086.59 points, while the TA-125 index dropped by 1.76% to 4,023.47 points.
Among the top gainers, Opko Health led the market, with its stock jumping 33.33% to 500 agorot. Nice followed in second place, rising 7.16% to 30,550 agorot. Other notable gainers included Ampa (+4.20%, 1,092 agorot), Hilan (+3.12%, 21,500 agorot), and One Technologies (+3.11%, 6,496 agorot).
Conversely, Tower was the day's biggest loser, plunging 8.75% to 61,870 agorot. Other significant decliners included RP Optical (-7.84%, 4,152 agorot), Camtek (-7.78%, 41,700 agorot), Mivtach Shamir (-7.02%, 41,580 agorot), and Nova (-6.89%, 121,890 agorot).
The bond market remained relatively calm, while the stock market experienced another volatile day. The local downturn was partly imported from recent NASDAQ declines and the negative trend affecting global chip manufacturers. Trading volumes were relatively low, typical for the summer season, and no significant wave of panic selling was observed.
The TA-90 index fell by 1.53%, nearly wiping out its gains since the start of July. Sector-wise, the TA-Biomed (+2.48%) and TA-Software (+1.73%) indices stood out with gains, while the TA-Renewable Energy, TA-Cleantech, and TA-Energy Infrastructure indices fell by 3.81%, 3.47%, and 3.4%, respectively.
Daily trading volume reached approximately 3.3 billion shekels in stocks, 4.5 billion shekels in government bonds and MAKAM, and 1.5 billion shekels in corporate bonds. The options market saw 98,500 units traded, including 75,000 on the TA-35 index and 23,000 on the shekel-dollar pair.
In the foreign exchange market, the dollar is trading at 3.06 shekels, and the euro at 3.483 shekels. Stock exchange analysts note that the market remains sensitive to the ongoing Q2 2026 earnings season on Wall Street and the bleak geopolitical situation. Investors are now looking ahead to tomorrow's Federal Reserve interest rate decision, while oil prices remain high at nearly $90 per barrel amid tensions surrounding Iran.
