BIST 30 Stocks in Liquidating Funds to Be Sold Off-Exchange

According to a letter sent to members by the Turkish Capital Markets Association, BIST 30 stocks held in the portfolios of funds undergoing liquidation will be disposed of through off-exchange sales. The sale transaction will be based on closing prices dated November 3. Thus, instead of on-exchange trading, a direct off-exchange sale method will be applied for these stocks. The decision stands out as part of the process of converting the portfolio assets of funds in liquidation into cash. Offering BIST 30 stocks for sale off-exchange is significant for the progress of the liquidation procedures of the relevant funds. Not investment advice.

📊 XU030 — Piyasa Yorumu

▼ down · 55%

The fact that funds in liquidation will sell BIST 30 stocks off-exchange can be considered news that may create short-term supply pressure. However, since the sales will take place off-exchange, the direct impact on market liquidity may be limited. Technical indicators are mixed: RSI at 51 is in neutral territory, MACD is above the signal line but weak, and the price is above SMA20 but below SMA50. Therefore, the impact is expected to be limited and downward, but uncertainty is high.

RSI 14

51.4

MACD

2.74

24h Δ

0.65%

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