Major Update in Tel Aviv Stock Exchange Indstarts Today
Overview of the Update
The Tel Aviv Stock Exchange is set to conduct its largest index update in history today during the market’s closing phase. This significant restructuring will see Migdale Insurance join the TA-35 Index, while Israel Corporation will be removed. Additionally, Mor Investments and Ampa will be added to the TA-90 Index. This marks a notable shift in the market landscape.
Changes in Market Thresholds
The entry threshold for the TA-35 Index has now increased to a market capitalization of approximately 10.7 billion shekels, a substantial rise from the 4.8 billion shekels recorded in August 2020. This represents an increase of more than double over the past five years. Similarly, the threshold for inclusion in the TA-90 Index has risen to around 2.5 billion shekels, compared to just 867 million shekels in August 2020-an increase of threefold over the same period.
Increasing Bank Share Weights
In this update, the representation of banking shares within the TA-35 Index will increase, reflecting the ongoing growth and prominence of this sector within the Tel Aviv Stock Exchange.
Market Context and Reactions
This update comes amid a backdrop of diverse market performances, including declines in several U.S. stocks and gains in others, highlighting the volatility and changes in the global financial landscape. Investors and market analysts are keenly observing these shifts, which may influence future trading and investment strategies.
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Discover the largest index update in Tel Aviv Stock Exchange history as Migdale Insurance joins the TA-35 Index and Mor Investments enters the TA-90 Index. Learn about the significant market threshold changes and the growing representation of banking shares.
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Tel Aviv Stock Exchange, TA-35 Index, TA-90 Index, Migdale Insurance, Israel Corporation, Mor Investments, Stock Market Updates, Investment Insights