An index is a numerical figure that presents the average price of securities from a particular group. When the index rises, investors in the same group of securities benefit from an increase in the average yield, and when the index falls, those investors will see a decline in yield.
There are many indices on the TASE that represent various groups of securities, for example:
- The TA-35 index reflects the average price level of the 35 stocks with the highest market capitalization on TASE.
- The TA-125 index reflects the average price level of the 125 shares with the highest market capitalization on TASE.
- The SME-60 index reflects the average price level of the 60 stocks with the highest free float that are not included in the TA-125 index.
- Tel-Bond indices track the average price level of corporate bonds.
Apart from these examples, there are many other indices on the TASE that represent other groups of securities, and the data about them is published at the end of each trading day.
In order to be included in one of the indices, the security must meet the general threshold conditions of the equity indices universe, but also the specific entry conditions for each index separately.
On the TASE website you can find an "index page" for each of the TASE indices. This page includes the following information:
- Key data.
- About the index.
- Composition of the index.
- ETNs - other products that are traded on the TASE and that are based on this index (that is, the index is their underlying asset).
- Graphs showing changes in the index from 2000 to the present.
- Historical data - from 2000 until today.
- Recent reports from the Maya website (Internet system for TASE member announcements) - for companies that are on the index.
Further details on TASE indices >
In addition, the TASE updates the public, from time to time, on expected changes in the various parameters used to calculate the indices.
