Major indices fell between 1.6% and 2.34% on Wednesday, the Tel Aviv Stock Exchange reported, extending declines to a third consecutive day. The TA-35 index dropped 2.01% to 4,255.89 points. Market capitalization slid by NIS 2 billion from Monday to Wednesday, dropping from a peak of NIS 17.2 billion in May to below NIS 13.9 billion. Traders attribute the sell-off to the US-Iran agreement, which investors reportedly view as disadvantageous to Israel.
The Tel Aviv Stock Exchange extended its losing streak to a third consecutive session on Wednesday, with the TA-35 index falling 2.01% to 4,255.89 points and the broader TA-125 index declining 2.34% to 4,191.81 points, according to exchange data. The BlueTech Global Index shed 1.60% to 689.98 points, while the TelBond 60 corporate bond index edged down 0.03% to 426.97 points. Daily turnover totaled NIS 5.83 billion in equities and NIS 5.90 billion in bonds.
As The Zioneer reported earlier Wednesday (11:55), the sell-off has been driven by investor reaction to the US-Iran agreement, which market participants view as detrimental to Israeli strategic and economic interests. The market cap has fallen from a peak of NIS 17.2 billion in May to under NIS 13.9 billion — a loss of over NIS 2 billion since Monday.
The economic impact follows the government's assessment, reported by Maariv on Wednesday afternoon, that the US-Iran deal will quickly collapse, and the instruction to the IDF to continue preparing target banks for future escalation. The market rout cuts across all major sectors, with the tech-heavy BlueTech index suffering the steepest single-day decline among the headline indices. Trading volumes remained elevated, indicating active institutional repositioning rather than passive drift.
2 developments
- DevelopingTel Aviv Stock Exchange dips after brief round of conflict with Iran
- StrongTel Aviv Stock Exchange turns deep red as Iran market posts gains
- DevelopingTel Aviv Stock Exchange plunges, dollar nears 3 shekels amid Iran escalation
- DevelopingTel Aviv Stock Exchange reverses morning gains, sinks 1.5%
Source and signal
- Internal intake