BIST 100 Ends Day in Decline, Heavy Selling in Mining Stocks

Borsa Istanbul experienced a bearish session today. The BIST 100 index closed in negative territory due to persistent negative sentiment throughout the day. The decline was primarily driven by heavy selling pressure in mining sector stocks. The mining sector index was among the biggest losers during the day. Investors' appetite for selling in this sector negatively impacted the overall performance of the index. Analysts suggest that the movement in mining stocks may be linked to fluctuations in global commodity prices. Despite the decline in the BIST 100, some sectors saw limited buying activity. However, overall market sentiment remained skewed toward selling. The closing level of the index also points to weekly losses. From a technical perspective, the BIST 100 appears to be testing support levels. Investors will be monitoring global developments and domestic data flow in the coming days for clearer signals on market direction. This is not investment advice.

📊 XU100 — Piyasa Yorumu

▼ down · 65%

The BIST 100 index closed the day lower, with intense selling pressure on mining stocks creating a negative short-term sentiment. Technical indicators support this view: the RSI is in weak territory at 42, the MACD is below its signal line and negative, and the price is trading below both the 20-day and 50-day moving averages, suggesting that selling pressure may continue. However, the pace of the decline could be limited as the RSI has not yet entered oversold territory. A continuation of the downward trend is expected over the next 1-3 days.

RSI 14

41.9

MACD

-11.42

24h Δ

0.35%

📊 GOOGL — Piyasa Yorumu

▼ down · 60%

GOOGL shares closed down 1.96% at $364.15. The RSI has fallen to 46.86, below the neutral zone, while the MACD remains in negative territory below the signal line. Closing below the 20-day SMA ($365.60) and 50-day SMA ($368.15) indicates short-term weakness. The decline in BIST 100 and selling pressure in mining stocks, as mentioned in the news headline, could negatively impact overall market risk appetite. Therefore, the likelihood of continued downward movement in GOOGL in the short term is high.

RSI 14

46.9

MACD

-1.76

24h Δ

-1.96%

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