Israel's equity market finished the trading day in negative territory on Wednesday, with sector-level weakness in Technology, Communication and Real Estate pushing the benchmark lower.
At the close in Tel Aviv the TA 35 fell 1.54% to record a new one-month low.
The session's strongest performers on the TA 35 included Phoenix Holdings Ltd (TASE:PHOE), which climbed 1.96% - a gain of 320.00 points - to end the day at 16,620.00. Elbit Systems Ltd (TASE:ESLT) advanced 1.26%, adding 3,000.00 points to finish at 241,900.00. Migdal Insurance (TASE:MGDL) was also in positive territory, rising 1.02% or 17.00 points to close at 1,685.00.
In contrast, the heaviest declines were recorded by Ormat Technologies (TASE:ORA), which dropped 7.87% or 3,130.00 points to settle at 36,630.00. Enlight Renewable Energy Ltd (TASE:ENLT) retreated 6.87%, losing 1,790.00 points to finish at 24,280.00. Mega Or (TASE:MGOR) fell 6.08%, down 3,590.00 points to close at 55,410.00.
On the Tel Aviv Stock Exchange as a whole, declining issues outnumbered gainers by 338 to 130, while 88 stocks finished unchanged.
Commodities and currencies
Energy contracts moved higher during the session. Crude oil for July delivery rose 2.38%, an increase of 1.81, to trade at $77.86 a barrel. Brent oil for August delivery climbed 2.17% or 1.71 to $80.67 a barrel.
Precious metals also showed gains: the August Gold Futures contract increased 0.29%, up 12.44, to trade at $4,366.84 a troy ounce.
Currency movements were modest. USD/ILS was up 0.21% at 2.93, while EUR/ILS was reported unchanged 0.06% at 3.39. The US Dollar Index Futures rose 0.19% to 99.47.
The market's breadth and the session's sector concentration highlight the uneven nature of intraday flows, with insurance and defense-related names gaining ground even as renewable energy and other industrial stocks registered steep losses.
Market participants cited here include the session's top-performing and worst-performing listings on the TA 35, along with commodity and currency moves that accompanied the equity declines.