image sourced from original article at Equity turnover on the Tel Aviv Stock Exchange surged to a record 24.51 billion shekels as changes to the composition of the main indices took effect, prompting large-scale buying and selling by index tracking funds. Bond turnover reached 7.81 billion shekels.
The Tel Aviv 35 Index fell 0.80 percent to 4,469.69 points, while the Tel Aviv 125 Index declined 0.66 percent to 4,443.43 points. The TelBond 60 corporate bond index rose 0.21 percent. Energy stocks led sectoral declines, with the Tel Aviv Oil and Gas Index dropping 3.16 percent.
Tower led trading with turnover of about 2 billion shekels, falling 7.56 percent. Mega Or, newly added to the Tel Aviv 35 Index, declined 3.95 percent, while Teva, the stock exchange operator, and Bank Leumi posted gains. Notable advancers included Israel Corporation, ICL, G City, and Ormat Technology, while OPC Energy, Navitas, Kenon Holdings, and Enlight recorded sharp losses.
On the foreign exchange market, the shekel weakened slightly against both the United States dollar and the euro.
