Israel equities finished the trading day in positive territory on Wednesday, with sector strength in Biomed, Insurance and Communication helping push the benchmark higher.
At the close in Tel Aviv, the TA 35 advanced 0.11%.
Top and bottom performers
The session's largest gainer on the TA 35 was the Tel Aviv Stock Exchange (TASE:TASE), which climbed 3.95% - a rise of 480.00 points - to finish at 12,620.00. Insurance names were also among the leaders: Clal Insurance Enterprises Holdings Ltd (TASE:CLIS) added 2.13% or 540.00 points to end the day at 25,860.00, while Migdal Insurance (TASE:MGDL) increased 2.10% or 40.00 points to 1,945.00 in late trade.
On the downside, Enlight Renewable Energy Ltd (TASE:ENLT) recorded the largest decline on the index, falling 2.82% or 680.00 points to close at 23,410.00. Navitas Petroleum LP Unit (TASE:NVPTp) dropped 2.45% or 330.00 points to 13,160.00, and Next Vision Stabilized Systems (TASE:NXSN) slipped 2.21% or 450.00 points to finish at 19,930.00.
Market breadth and secondary indicators
Rising issues outnumbered decliners on the Tel Aviv Stock Exchange by 261 to 206, with 92 stocks unchanged at the close.
Commodities showed modest weakness during the session. Crude oil for October delivery declined 0.72% or 0.59 to $81.77 a barrel. Brent oil for November delivery fell 0.68% or 0.59 to $86.68 a barrel. In metals, the December Gold Futures contract lost 0.66% or 30.95 to trade at $4,663.55 a troy ounce.
In currency markets, USD/ILS rose 0.30% to 2.98. EUR/ILS moved 0.12% to 3.47. The US Dollar Index Futures was up 0.30% at 99.13.
Takeaway
The close reflected modest upward pressure on the TA 35, supported by select insurance and exchange-related names, while declines in certain renewable and energy-linked stocks and softer commodity prices contributed offsetting influences.