Turkey's benchmark stock gauge ended the trading day in negative territory on Tuesday, as sector-level declines outweighed gains in selected names. At the close in Istanbul, the BIST 100 was down 1.81%.
The market's retreat was led by losses in multiple sector groups, notably Leasing & Factoring, Wood, Paper & Printing and Textile & Leather, which contributed to the downward pressure on the index.
On the individual stock front, Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret AS (IS:EUPWR) was the session's top performer on the BIST 100, climbing 10.00% - an increase of 4.46 points to finish at 49.08. Fenerbahce Futbol AS (IS:FENER) also posted a strong gain, rising 9.68% or 0.27 points to end at 3.06. Ral Yatirim Holding AS (IS:RALYH) added 6.43%, or 21.75 points, to close at 360.25.
At the other end of the tape, Qua Granite Hayal Yapi ve Urunleri Sanayi Ticaret AS (IS:QUAGR) led decliners, slipping 9.83% or 0.41 points to end at 3.76. Pasifik Eurasia Lojistik Dis Ticaret AS (IS:PASEU) fell 8.55% or 12.00 points to finish at 128.40, while Dap Gayrimenkul Gelistirme AS (IS:DAPGM) was down 8.22% or 0.94 points to close at 10.50.
Market breadth was weak: declining issues outnumbered advancing ones by 480 to 132, with 7 stocks unchanged at the close on the Istanbul Stock Exchange.
Notable technical milestones were recorded: shares of Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret AS (IS:EUPWR) rose to 52-week highs as they gained 10.00% to 49.08. Ral Yatirim Holding AS (IS:RALYH) reached an all-time high after its 6.43% gain to 360.25.
Commodities and foreign exchange showed mixed moves on the day. Gold Futures for June delivery declined 2.22% or 104.05 to $4,589.65 a troy ounce. Crude oil for June delivery rose 3.50% or 3.37 to $99.74 a barrel, while the July Brent contract increased 2.60% or 2.64 to trade at $104.33 a barrel.
In currency markets, USD/TRY moved up 0.05% to 45.05, while EUR/TRY was down 0.03% at 52.80. The US Dollar Index Futures was higher by 0.16%, trading at 98.48.
Summary of session highlights:
- BIST 100 closed down 1.81%.
- Top gainers included IS:EUPWR, IS:FENER and IS:RALYH; top losers included IS:QUAGR, IS:PASEU and IS:DAPGM.
- Commodities and FX showed mixed performance with gold down and oil higher; Turkish lira pairs moved modestly.