Tel Aviv Stock Exchange Ends Q3 With Mixed Results

The Tel Aviv Stock Exchange is set to close the third quarter of the year with its main index, the TA-35, showing a positive gain, while secondary stocks performed less impressively. As of the end of trading before the final session, the TA-35 had recorded a quarterly increase of 3.8%. In contrast, the TA-90 index experienced a decline of 3.9%, which negatively impacted the benchmark TA-125 index, resulting in a modest 1.8% gain for the quarter.

Trading on the final day of the quarter is expected to conclude early at 2:30 PM, a customary schedule during intermediate festival days. This early close precedes the market's full assessment of the quarter's performance.

Market sentiment was influenced by slight declines on Wall Street the previous evening, with the Dow Jones falling 0.3%, the S&P 500 dropping 0.2%, and the Nasdaq decreasing by 0.1%. Significant drops were also observed in oil prices, with Brent crude down over 2.5% and WTI down around 3.5%, potentially affecting local energy sector stocks. However, oil prices saw a slight rebound of approximately 0.5% this morning.

In bond markets, the yield on 10-year US Treasury bonds decreased by 2 basis points to 5.23%. The yield on 10-year Israeli government bonds stood at 4.10%, following a 3 basis point increase the previous day.