Index Changes Reflect Economic Shifts: Real Estate Weakens, Energy and Airlines Rise
Translated & summarized from TheMarker by baba
Demri and Shufersal are expected to be removed from the TA-35 index in the November rebalancing, with El Al and Doral set to be added. These shifts highlight the decline in real estate and the growth in energy and airline stocks. The TA-35 has outperformed the TA-90 index significantly in the last two years. The update is set for November 5.
The story in 5 lines · by baba
- Demri and Shufersal may exit the TA-35 index, while El Al and Doral are expected to join.
- Index changes reflect a weakening real estate sector and rising energy and airline stocks.
- The TA-35 index has significantly outperformed the TA-90 index over the past two years.
- The next index rebalancing for the Tel Aviv Stock Exchange is scheduled for November 5.
- Newer companies like Avisror and Tidhar are expected to join the TA-90 index.
In the upcoming November index rebalancing for the Tel Aviv Stock Exchange, Demri and Shufersal are expected to be removed from the TA-35 index, while El Al and Doral are anticipated to be added. These changes reflect major economic trends, including the weakening of the real estate sector and the rise of energy stocks and airlines. The TA-35 index has significantly outperformed the TA-90 index over the past two years.
The index update is scheduled for November 5, with the cutoff date for changes having passed last week. Analysts predict that Demri, Shufersal, and Canon will exit the TA-35, with El Al and Doral entering. Several companies recently listed on the stock exchange in the last six months are expected to join the TA-90 index. Among these are Avisror, which went public about two months ago and has a market capitalization of NIS 3.5 billion, and Tidhar, which was listed in June and is valued at approximately NIS 8 billion.
