TASE’s Research Unit today published trading activity data for January 2026, highlighting notable shifts in leadership rankings and a continued trend of strengthening liquidity across the local equity market.
According to TASE Research Unit data, Bank Leumi reclaimed its position as the most traded share in January, overtaking Bank Hapoalim, which led trading activity in December. The three largest banks - Leumi, Hapoalim, and Mizrahi-Tefahot - all participants in TASE’s Tailor- Made Market Making program, together recorded an average daily trading volume of NIS 511 million during the month.
Investor interest in defense stocks reached new highs in January. Next Vision climbed to 5th place in the trading rankings, up from 16th place in 2025, with an average daily trading volume of NIS 115 million – a 238% increase compared to last year’s annual average. Elbit Systems also recorded strong momentum, with trading volumes rising by 70% compared to its December average and its overall 2025 levels.
In the technology sector, Nova entered the list of the ten most traded shares in January, while Tower secured the 7th position. Ongoing momentum from the AI revolution continues to support semiconductor and industrial equipment companies, while trading activity in software firms declined, as reflected in recent monthly volumes.
Overall market breadth also expanded. The number of companies with average daily trading volumes exceeding NIS 100 million increased to seven in January, compared with four last year. In addition, eleven companies traded at daily volumes of NIS 50-100 million, up from five a year earlier.
Additional Notable Trading Highlights for January:
Teva ranked 4th among the most traded shares, with an average daily volume of NIS 160 million, representing a 42% increase compared to the previous year.
The Phoenix was the only insurance company to appear in the top ten, ranking 6th with an average daily trading volume of NIS 105 million.
Clal Insurance declined to 14th place, ahead of the upcoming launch of a tailor-made market-making program for its shares.
Yaniv Pagot, EVP and Head of Trading at TASE, commented: “The decline in the top ten shares’ piece of the total ‘trading pie’ - from an average of 45.4% in 2025 to 43.3% in January - is a positive and healthy signal. It reflects growing diversification and increased investor interest in mid-cap shares. We expect the continued expansion of market-making programs, higher participation by foreign investors, the transition to Friday trading, and growth in index-tracking assets to further enhance market liquidity. Strong liquidity reduces volatility, supports new investor entry, and ultimately creates value for investors.”
