TOKYO/ISTANBUL - Turkey’s main stock index finished in negative territory on Monday, driven by weakness in several cyclical sectors. At the close in Istanbul, the BIST 100 dropped 0.57%, settling at a level described as a new 1-month low.
The session’s sectoral performance showed losses concentrated in Metal Products & Machinery, Real Estate Investments and Technology, which collectively pulled the benchmark lower.
On an individual stock basis, the strongest gains were recorded among a small group of names. Mia Teknoloji AS (IS:MIATK) rose 10.00% - a gain of 3.76 points - to finish at 41.36. Kiler Holding AS (IS:KLRHO) also advanced 10.00%, adding 10.70 points to close at 117.70. Aksa Enerji Uretim AS (IS:AKSEN) increased 9.99%, or 7.15 points, ending the day at 78.75.
Conversely, the biggest declines were led by Astor Enerji AS (IS:ASTOR), which fell 5.20% - down 10.70 points - to trade at 195.20 at the close. Qua Granite Hayal Yapi ve Urunleri Sanayi Ticaret AS (IS:QUAGR) slid 4.41%, a 0.13 point drop to 2.82, while Turkiye Sise ve Cam Fabrikalari AS (IS:SISE) lost 3.97%, falling 1.78 points to 43.10.
Market breadth on the Istanbul Stock Exchange favored decliners: 343 stocks fell versus 260 that advanced, and 18 were unchanged.
Outside equities, several commodity and currency indicators moved notably. Gold Futures for June delivery rose 0.73% - up 33.25 - to $4,557.55 a troy ounce. In energy markets, crude oil for delivery in May increased 2.96% - a gain of 2.95 - to reach $102.59 a barrel, while the June Brent oil contract climbed 2.35% - up 2.48 - to trade at $107.80 a barrel.
Foreign-exchange moves included the USD/TRY rising 0.10% to 44.47 and the EUR/TRY falling 0.33% to 50.97. The US Dollar Index Futures was higher by 0.42% at 100.40.
The session closed with the headline index lower and mixed signals across commodities and FX, while individual stock performances ranged from double-digit percentage gains to mid-single-digit declines.