Market overview
After the close on Tuesday, Turkey's equity market finished the session in negative territory. The BIST 100 declined 0.78% at the end of trading in Istanbul, pressured primarily by falls in the Basic Metals, Metal Products & Machinery and Chemical, Petroleum & Plastic sectors.
Top performers
The session's strongest gains on the BIST 100 were led by Destek Finans Faktoring As (IS:DSTKF), which jumped 9.37% - an increase of 92.50 points - to finish at 1,080.00. Kiler Holding AS (IS:KLRHO) added 8.00%, or 38.00 points, closing at 513.00, while Pasifik Eurasia Lojistik Dis Ticaret AS (IS:PASEU) rose 4.17% - up 5.80 points - to end the day at 144.80.
Notably, shares of Destek Finans Faktoring As reached an all-time high; the stock was up 9.37% or 92.50 to 1,080.00 at the close.
Biggest decliners
On the downside, Turkiye Sise ve Cam Fabrikalari AS (IS:SISE) led losses with a 5.47% drop, falling 2.78 points to trade at 48.02 at the close. Ford Otomotiv Sanayi AS (IS:FROTO) retreated 4.84%, or 6.50 points, to finish at 127.80, and SASA Polyester Sanayi AS (IS:SASA) fell 4.69% - down 0.13 points - to 2.64.
Advance-decline breadth and market breadth
Rising issues slightly outnumbered decliners on the Istanbul Stock Exchange, with 306 stocks higher versus 289 lower, and 15 ending the session unchanged.
Commodities and currencies
Across commodities, Gold Futures for April delivery moved lower, down 3.27% or 165.09 to $4,881.21 a troy ounce. Crude oil for April delivery fell 1.16% - a decline of 0.73 - to reach $62.02 a barrel, while the April Brent contract dropped 2.26% or 1.55 to trade at $67.10 a barrel.
In currency markets, USD/TRY was slightly firmer, up 0.05% to 43.73, whereas EUR/TRY eased 0.33% to 51.67. The US Dollar Index Futures rose 0.62% to 97.42.
Context and closing note
The session displayed a split market where a small set of stocks posted strong gains, including an all-time high print for Destek Finans Faktoring As, while headline sectors tied to metals and petrochemical activity pulled the benchmark lower. Commodity declines in precious metals and crude coincided with mixed FX moves as the BIST 100 finished the day down 0.78%.