TA-35 closes at 4,048.94 after 0.29% rise in mixed session

The TA-35 closed at 4,048.94 points on Tuesday, November 3, advancing 0.29% from the previous trading day's close of 4,037.36. The closing level and daily performance were reported by Globes, while the previous close is listed in the Tel Aviv Stock Exchange's TA-35 data. The move represented a gain of 11.58 index points.

Financial stocks offset sharp decliners

According to Globes, the banking, biomed and financial sectors helped lift the benchmark. Bank Hapoalim rose 2.34%, Bank Leumi gained 2.03% and Israel Discount Bank added 1.75%. Teva was the strongest TA-35 performer, rising 3.75% after reporting strong third-quarter results. Ormat Technologies gained 2.75%, while Phoenix Finance advanced 1.25%.

The advance was restrained by pronounced weakness in several constituents. NICE dropped 7.07% after announcing that it would reduce its workforce by 5%. Next Vision fell 4.51%, ICL declined 4.06% and Enlight Renewable Energy lost 2.13%, according to Globes. Investing.com separately reported that 311 stocks fell on the exchange, compared with 145 gainers, with 101 unchanged. The combination of a higher benchmark and negative breadth indicates that gains were concentrated in a relatively limited group of index constituents rather than broadly distributed across the market.

Benchmark remains below recent close

The November 3 finish followed a 0.53% decline on November 2, when the TA-35 closed at 4,037.36 points, according to TASE data. The latest rise therefore recovered only part of the previous session's loss. For investors tracking the benchmark, the day's sector rotation was more important than the modest headline gain: financial shares and Teva provided support, while weakness in NICE and other technology-related names limited the overall advance.

Further TA-35 coverage is available on the TA-35 topic page.