Turkey's stock market ended the trading day in negative territory on Monday, with the BIST 100 index closing down 1.04% in Istanbul as losses in several cyclical and consumer-related sectors pressured the overall market.
Market breadth leaned towards selling pressure: 368 stocks fell versus 232 advancers, and 18 issues finished unchanged.
Top performers
- Reeder Teknoloji Sanayi Ve Ticaret AS (IS:REEDR) led gains on the BIST 100, climbing 9.98% - a rise of 0.61 points to finish at 6.72.
- Katilimevim Tasarruf Finansman AS (IS:KTLEV) rose 9.96%, gaining 5.50 points to close at 60.70. The stock reached an all-time high in the session.
- Oba Makarnacilik Sanayi ve Ticaret AS (IS:OBAMS) added 5.88%, up 0.45 points to 8.10 by the close.
Largest decliners
- Kiler Holding AS (IS:KLRHO) was the weakest name among the large fallers, sliding 9.97% - a decline of 17.70 points to 159.80 at the close.
- Efor Yatırım Sanayi ve Ticaret A.Ş. (IS:EFOR) dropped 9.96%, down 1.71 points to 15.46.
- Fenerbahce Futbol AS (IS:FENER) lost 7.48%, falling 0.22 points to end the session at 2.72; the shares moved to 52-week lows.
Commodities and currency moves
Precious metals and energy contracts also moved lower during the trading day. Gold Futures for April delivery slipped 1.30%, a decline of 65.60, to settle at $4,996.10 per troy ounce. In the oil complex, May crude oil fell 2.61% or $2.53 to $94.31 a barrel, while the May Brent contract dropped 0.96% or $0.99 to $102.15 a barrel.
On the currency front, the Turkish lira showed small mixed moves versus major pairs. USD/TRY eased 0.04% to 44.18, while EUR/TRY rose 0.71% to 50.82. Meanwhile, US Dollar Index Futures were down 0.48% at 99.63.
Implications for sectors
The session's dispersion - with significant declines in Insurance, Wholesale & Retail Trade and Metal Products & Machinery - points to sector-specific selling pressure even as select smaller-cap names posted strong gains. Market participants may watch whether the narrow rallies in names such as KTLEV and REEDR broaden or remain isolated.
Overall, the market closed with a clear bias toward declines, leaving the BIST 100 lower by 1.04% at the end of Monday's trading.