Israel's equity market ended Monday's trading session under pressure, with the TA-35 index sliding 4.21% to close at a new one-month low. The session's weakness was driven by notable declines in the Insurance, Financials and Technology sectors, which collectively weighed on the benchmark.
Among individual components, NICE Ltd (TASE:NICE) was the session's strongest performer, advancing 10.76% to finish at 27,700.00. Navitas Petroleum LP Unit (TASE:NVPTp) also posted gains, rising 1.77% to 13,190.00. Strauss Group (TASE:STRS) was essentially flat, edging down 0.08% to 12,110.00 in late trade.
At the other end of the board, Tower Semiconductor Ltd (TASE:TSEM) registered the steepest loss, tumbling 13.99% to 69,300.00 at the close. Nova (TASE:NVMI) declined 7.40% to 136,400.00, while the Tel Aviv Stock Exchange operator (TASE:TASE) fell 7.02% to 15,760.00.
Market breadth was heavily negative on the Tel Aviv Stock Exchange. Declining issues outnumbered advancing ones by 386 to 99, with 66 stocks unchanged.
Commodity markets showed pronounced moves during the session. U.S. crude oil for July delivery climbed 8.16% to $94.49 a barrel. Brent for August delivery rose 6.98% to $97.48 a barrel. In contrast, the August Gold Futures contract fell 2.33% to trade at $4,486.10 a troy ounce.
In foreign exchange trading, the USD/ILS exchange rate increased 0.27% to 2.82, while the EUR/ILS rate registered a 0.12% change to 3.28. The U.S. Dollar Index Futures was higher by 0.44%, trading at 99.29 during the session.
Summary data from the session highlights a sharp divergence among individual stocks and sectors - large single-stock moves occurred alongside broad selling across the market. The session included sizable commodity price moves and modest currency shifts that coincided with the equity sell-off.
Key market indicators at a glance:
- TA-35: -4.21% at a one-month low
- Top gainer: NICE Ltd (TASE:NICE) +10.76%
- Largest decliner: Tower Semiconductor Ltd (TASE:TSEM) -13.99%
- Decliners vs advancers: 386 vs 99, with 66 unchanged
- Commodities: U.S. crude +8.16%, Brent +6.98%, Gold Futures -2.33%
- FX: USD/ILS +0.27% at 2.82; EUR/ILS +0.12% at 3.28; Dollar Index Futures +0.44% at 99.29
These session results reflect a volatile trading day in which energy contracts moved higher while precious metals lost ground, occurring alongside broad equity declines led by select sectors.