Sharp Decline in Borsa Istanbul: BIST 100 Loses 6%

The Ankara Regional Court of Appeal's ruling of 'absolute nullity' regarding the CHP congresses intensified selling pressure in Borsa Istanbul. Following the decision, the BIST 100 index lost over 6%, while the banking index decline exceeded 8%. Due to the rapid losses in the index, the circuit breaker system was activated. The uncertainty in the market negatively affected investor risk appetite. Experts note that political developments may lead to short-term volatility in the markets. The sharp decline in banking stocks increased concerns about the sector. This is not investment advice.

📊 XU100 — Piyasa Yorumu

■ neutral · 60%

The BIST 100 index experienced a sharp 6% decline, with the RSI dropping to an oversold level of 13.7, increasing the potential for a short-term technical rebound. However, the MACD remains in negative territory and below its signal line, indicating that the downtrend has not yet ended. The index, trading below its 20- and 50-day moving averages, suggests that selling pressure may persist. Therefore, despite oversold conditions, the lack of a clear directional signal points to a possible sideways movement in the short term.

RSI 14

13.7

MACD

-196.02

24h Δ

-6.47%

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