Stock Markets April 28, 2026 10:55 AM

Tel Aviv Stocks Slip as Biomed, Communication and Tech Lead Losses; TA 35 Down 0.63%

Market breadth tilted toward decliners as oil rallied and gold fell; select midcaps posted mixed moves

By Caleb Monroe
Tel Aviv Stocks Slip as Biomed, Communication and Tech Lead Losses; TA 35 Down 0.63%

Israeli equities closed lower on Tuesday with the TA 35 sliding 0.63% as declines in the Biomed, Communication and Technology sectors weighed on the market. A handful of names advanced, led by Next Vision Stabilized Systems, while Tower Semiconductor and other tech-related stocks posted the steepest drops. Commodities and currency markets saw notable moves, with crude oil and Brent rising and gold futures falling, alongside changes in USD/ILS and EUR/ILS exchange rates.

Key Points

  • TA 35 declined 0.63% at the close, driven primarily by losses in the Biomed, Communication and Technology sectors.
  • Top movers included Next Vision Stabilized Systems (TASE:NXSN) rising 6.21% and Tower Semiconductor Ltd (TASE:TSEM) falling 6.99%.
  • Energy and precious metals diverged: crude and Brent oil rose notably while June Gold Futures fell, and the shekel strengthened against the dollar and euro.

Israel's equity market finished lower on Tuesday, with losses concentrated in the Biomed, Communication and Technology sectors contributing to selling pressure across the board. At the close in Tel Aviv, the benchmark TA 35 declined 0.63%.

Among members of the TA 35, Next Vision Stabilized Systems (TASE:NXSN) recorded the strongest gain, rising 6.21% or 1,910.00 points to finish at 32,680.00. Shapir Engineering Industry (TASE:SPEN) also advanced, adding 2.96% or 118.00 points to close at 4,106.00, and OPC Energy Ltd (TASE:OPCE) was up 1.92% or 230.00 points to end the session at 12,180.00.

On the downside, Tower Semiconductor Ltd (TASE:TSEM) led losses among TA 35 constituents, falling 6.99% or 4,200.00 points to trade at 55,850.00 at the close. Camtek Ltd (TASE:CAMT) declined 5.84% or 3,380.00 points to finish at 54,520.00, while Nova (TASE:NVMI) slipped 4.57% or 7,250.00 points to 151,250.00.

Market breadth on the Tel Aviv Stock Exchange favored decliners, with 262 stocks falling versus 207 that advanced; 82 issues ended unchanged.

Shapir Engineering Industry (TASE:SPEN) reached a new all-time high during the session, closing up 2.96% or 118.00 to 4,106.00.


Commodities traded with pronounced moves. Crude oil for June delivery rose 3.77% or 3.63 to $100.00 a barrel. Brent oil for July delivery increased 2.66% or 2.71 to $104.40 a barrel. Precious metals diverged from energy, with the June Gold Futures contract falling 2.52% or 118.51 to trade at $4,575.19 a troy ounce.

Currency markets reflected shifts in the shekel. USD/ILS was down 0.76% at 2.96, while EUR/ILS fell 0.82% to 3.46. The US Dollar Index Futures was up 0.29% at 98.60.

Overall, the close left the main index lower and sector performance uneven, with individual names showing a wide range of outcomes from double-digit-style percentage moves among some midcaps to more modest changes in larger-cap constituents.

Risks

  • Sector weakness in Biomed, Communication and Technology may continue to weigh on market performance - particularly relevant for equity investors concentrated in those sectors.
  • Volatility in commodity prices, illustrated by sharp moves in crude and Brent, introduces uncertainty for energy-linked firms and broader market sentiment.
  • Currency fluctuations, shown by declines in USD/ILS and EUR/ILS and a firmer US Dollar Index Futures, can affect exporters, importers and firms with FX exposure.

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