Tel Aviv Stock Exchange expands food index
The Tel Aviv Stock Exchange (TASE) announced the expansion and rebranding of its Retail Chains Index to the “Retail Chains and Food Companies Index,” now comprising 26 stocks with a combined market capitalization of about NIS 70 billion (approx. USD 22.4 billion), of which roughly 25 % are food companies.
The move reflects a shift in investor focus from high-risk tech to defensive sectors such as food and medicine, supported by strong wartime demand for essentials.
Several food companies have recently listed on the TASE, including Baladi (meat producer), Gad Dairies (dairy), Soglowek (rice and grain), and Tomer Import Marketing, the latter entering the market through a reverse merger with the now-defunct tech firm Cipia Vision.
The expanded index also includes established names like Strauss Group, Turpaz, Gan Shmuel, and Kerur Holdings, while the exchange said it will review the classification of firms currently listed as commercial rather than food producers.
Learn more here in Ynet.
