Stock Markets July 1, 2026 10:55 AM

Tel Aviv benchmark closes higher as communication, insurance and energy names lead gains

TA 35 rises 1.35% as OPC Energy, NICE and Shufersal top the winners; oil prices retreat and the shekel edges lower

By Maya Rios
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The Tel Aviv market ended the session higher, with the TA 35 up 1.35% on Wednesday. Gains were concentrated in the Communication, Insurance and Oil & Gas sectors. OPC Energy, NICE and Shufersal were the top-performing components, while Nova, Tower Semiconductor and Enlight Renewable Energy were among the biggest decliners. Oil futures fell and the U.S. dollar strengthened slightly against the shekel.

Tel Aviv benchmark closes higher as communication, insurance and energy names lead gains
NICE NVMI TSEM
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Key Points

  • TA 35 rose 1.35% at Wednesday's close, with gains concentrated in the Communication, Insurance and Oil & Gas sectors.
  • Top individual performers were OPC Energy (OPCE), NICE (NICE) and Shufersal (SAE); notable decliners included Nova (NVMI), Tower Semiconductor (TSEM) and Enlight Renewable Energy (ENLT).
  • Commodities and FX saw divergent moves: WTI and Brent crude futures fell, gold futures rose, USD/ILS strengthened slightly and EUR/ILS moved modestly.

The Tel Aviv Stock Exchange closed higher Wednesday, with the blue-chip TA 35 index finishing the day up 1.35% as buying favored names in the Communication, Insurance and Oil & Gas sectors.

At the close, OPC Energy Ltd (TASE:OPCE) was the session's strongest performer, rising 7.77% - an increase of 719.00 points - to finish at 9,969.00. NICE Ltd (TASE:NICE) added 6.76% or 1,810.00 points to end the day at 28,570.00, and supermarket operator Shufersal (TASE:SAE) advanced 5.49% or 234.00 points to close at 4,495.00.

On the downside, Nova (TASE:NVMI) slipped 2.43%, a decline of 3,830.00 points, to trade at 153,670.00 at the close. Tower Semiconductor Ltd (TASE:TSEM) fell 1.88% or 1,440.00 points to finish at 75,000.00, while Enlight Renewable Energy Ltd (TASE:ENLT) dropped 0.87% or 230.00 points to 26,070.00.

Market breadth was positive: 336 stocks rose while 147 declined and 73 were unchanged on the Tel Aviv Stock Exchange.


Commodities and currency moves accompanied the equity action. Crude oil for August delivery declined 1.74% - down $1.21 - settling at $68.29 a barrel. Brent for September delivery fell 2.21% or $1.61 to $71.34 a barrel. By contrast, the August Gold Futures contract gained 1.67%, an increase of $67.25, to trade at $4,105.75 a troy ounce.

In foreign-exchange trading, the U.S. dollar rose against the shekel: USD/ILS was up 0.39% to 2.99. EUR/ILS moved 0.10% to 3.40. The U.S. Dollar Index Futures increased 0.16% to 101.12.


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Summary of session highlights:

  • TA 35 index closed up 1.35%.
  • Top gainers: OPC Energy Ltd (OPCE), NICE Ltd (NICE), Shufersal (SAE).
  • Largest declines: Nova (NVMI), Tower Semiconductor Ltd (TSEM), Enlight Renewable Energy Ltd (ENLT).
  • Oil futures fell for both WTI August and Brent September contracts; gold futures rose.
  • USD/ILS strengthened modestly; EUR/ILS moved slightly.

The market's advance was led by select sectors and individual large-cap moves, while commodity and currency shifts provided mixed signals as investors closed out the trading session.

Risks

  • Falling crude oil prices - WTI August and Brent September contracts declined - may create headwinds for energy-related names and sectors exposed to oil market volatility.
  • Individual-stock downside risk is evident as several large components, including Nova, Tower Semiconductor and Enlight Renewable Energy, recorded declines, highlighting potential company-specific volatility.
  • Currency movements - a modestly stronger USD/ILS and small change in EUR/ILS - can affect exporters, importers and companies with FX-sensitive revenues or costs.

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