Market close overview
Turkey stocks finished the trading day lower on Thursday, with declines led by shares in the Banking, Sports and Electricity sectors. At the close in Istanbul, the BIST 100 fell 6.05% to hit a new 1-month low.
Top and bottom performers
The strongest performers on the BIST 100 were Otokar Otomotiv ve Savunma Sanayi AS (IS:OTKAR), which rose 2.06% or 7.25 points to trade at 360.00 at the close, and Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret AS (IS:EUPWR), which added 1.67% or 1.15 points to end at 69.95. Kiler Holding AS (IS:KLRHO) moved modestly lower, down 0.81% or 0.80 points to 98.45 in late trade.
At the other end of the board, Qua Granite Hayal Yapi ve Urunleri Sanayi Ticaret AS (IS:QUAGR) posted the steepest decline, falling 10.00% or 0.37 points to trade at 3.33 at the close. Sekerbank TAS (IS:SKBNK) also fell 10.00% or 1.41 points to end at 12.69, while Reeder Teknoloji Sanayi Ve Ticaret AS (IS:REEDR) declined 10.00% or 0.72 points to 6.48.
Market breadth and notable moves
Falling stocks outnumbered advancing ones on the Istanbul Stock Exchange by 592 to 30, with 2 issues finishing unchanged. Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret AS (IS:EUPWR) reached a 52-week high during the session, rising 1.67% or 1.15 to 69.95.
Commodities and currency
In commodities trading, Gold Futures for June delivery fell 1.14% or 52.03 to $4,505.97 a troy ounce. Crude oil for delivery in July rose 3.49% or 3.43 to hit $101.69 a barrel, while the July Brent oil contract increased 2.90% or 3.05 to trade at $108.07 a barrel.
On the foreign exchange front, USD/TRY was up 0.05% at 45.61, and EUR/TRY rose 0.11% to 53.10. The US Dollar Index Futures advanced 0.28% to 99.38.
What this shows
The close reflected broad selling pressure across the Istanbul exchange, with steep losses in several individual names and sector groups. Trading was punctuated by a handful of positive movers but dominated by a wide imbalance of decliners.