Sharp Drop in BIST 100 Triggers Circuit Breaker

The BIST 100 index on Borsa Istanbul experienced a sharp decline following a court ruling regarding the CHP congress. As the index's drop exceeded 6%, the market regulator activated the circuit breaker mechanism, temporarily halting stock trading. The court's decision to declare the CHP congress null and void created uncertainty among investors, intensifying selling pressure. The BIST 100 index fell below the 9,500-point level during the day, with a decline exceeding 6%. The circuit breaker was triggered to control excessive volatility and restore market balance. Market experts note that while this development may exert short-term pressure on the index, there is potential for recovery in the medium term as political uncertainties are resolved. Investors are advised to remain cautious, particularly in sectors sensitive to political news flow. This is not investment advice.

📊 XU100 — Piyasa Yorumu

▼ down · 70%

The sharp decline in BIST 100 and the activation of the circuit breaker indicate panic selling in the market. While the RSI at 13.7 signals an oversold condition and a potential technical rebound, the MACD remaining negative and below its signal line suggests the downtrend may continue. If selling pressure persists in the short term and the index stays below the 20-day moving average (13,890), further declines could occur. However, given the oversold conditions, a possible corrective buying cannot be ruled out.

RSI 14

13.7

MACD

-196.02

24h Δ

-6.47%

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