Turkish equities finished lower on Monday as the BIST 100 index fell 2.71% to close at a one-month trough. Sector-level weakness in Banking, Sports and Transport pressured the market into negative territory by the close in Istanbul.
Among individual performers, Altinay Savunma Teknolojileri AS (IS:ALTNY) led gains on the benchmark after rising 8.30% - an increase of 1.39 points - to finish at 18.14. Aselsan Elektronik Sanayi ve Ticaret AS (IS:ASELS) advanced 5.59%, or 18.00 points, to close at 340.00, while Gen Ilac ve Saglik Urunleri Sanayi ve Ticaret AS (IS:GENIL) added 4.87% - up 0.38 points - to end the session at 8.19.
On the downside, Kiler Holding AS (IS:KLRHO) was the weakest name of the day, sliding 10.00% - a loss of 31.00 points - to finish at 279.00. Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS (IS:BRSAN) dropped 9.95% or 64.50 points to close at 583.50, and Margun Enerji Uretim Sanayi ve Ticaret AS (IS:MAGEN) fell 9.16%, down 4.56 points, to 45.20.
Decliners outnumbered advancers across the Istanbul Stock Exchange by a wide margin: 534 shares fell, 77 rose and 2 remained unchanged at the close.
Notably, shares of Aselsan Elektronik Sanayi ve Ticaret AS (IS:ASELS) reached a record high during the session, with the stock closing up 5.59% at 340.00.
Commodity markets registered substantial moves alongside the equity sell-off. Gold futures for April delivery gained 1.85%, rising by 97.31 to $5,345.21 a troy ounce. In energy markets, April crude oil rallied 6.94%, adding $4.65 to trade at $71.67 per barrel, while the May Brent contract climbed 8.14%, up $5.93, to $78.80 a barrel.
Foreign exchange pairs showed mixed performance: USD/TRY inched higher by 0.06% to 43.95, while EUR/TRY declined 0.80% to 51.48. The US Dollar Index Futures was stronger, up 0.95% at 98.50 at the time reported.
Readers should note that the session’s reporting focuses on closing prices, percentage changes and the sectors identified as driving the decline. The article does not provide additional detail on the underlying drivers of sector-specific moves or on whether the commodity and currency shifts were causally linked to the equity market moves.