How Did Borsa Istanbul Start the Week? Which Stocks Stood Out at Opening?

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How Did Borsa Istanbul Start the Week? Which Stocks Stood Out at Opening?

The BIST 100 started the week with a decrease of 0.25%, opening at 8,862.49 points.

After starting the week with a decline, the BIST 100 index continued to show a selling trend in the initial trades. Following the market opening, the consumer price index announcement revealed that it exceeded expectations for October. According to the Turkish Statistical Institute (TÜİK), the Consumer Price Index (CPI) increased by 48.58% year-on-year and 2.88% month-on-month. The increase rate reached 62.02% based on twelve-month averages.

After the inflation data came in higher than expected, the BIST 100 fell to 8,807 points, with the decline reaching half a point in the first hour. On Borsa Istanbul, sectors that started the day with the most significant drops included food and holding. Meanwhile, sectors such as SMEs, insurance, and technology began the week in positive territory. Banks moved in line with the index, decreasing around 0.4% in initial trades.

The top five gaining shares at the beginning of the BIST 100 were as follows:

  • FENER
  • EGEEN
  • TUKAS
  • ASELS
  • GUBRF

The shares that started the day with the most significant declines in BIST 100 were:

  • BJKAS
  • REEDR
  • OTKAR
  • KTLEV
  • AEFES

Throughout Borsa Istanbul, RTALB, DNISI, and ANGEN were observed as the shares with the highest gains at the opening. TSGYO, DIRIT, and EUHOL experienced the most significant declines. The shares with the highest trading volumes in the first hour were ranked as THYAO, ISCTR, and ASELS.

In the domestic foreign exchange market, the dollar/TL started flat at 34.34, while the euro/TL increased by half a point to reach 37.44. The gram gold was trading at 3,027 TL, reflecting a 0.2% value increase.

In international markets, the open markets in Asia, particularly China and South Korea, started positively. After European and U.S. indexes closed in positive territory at the end of the last business day of the previous week, European futures indexes were seen moving positively in the morning hours while U.S. futures displayed a mixed outlook.