Turkish Stocks End Lower: BIST 100 Sheds 1.10% in Volatile Trading
ISTANBUL – Turkey’s benchmark stock index, the BIST 100 (XU100), finished the trading session lower on April 4th, erasing earlier gains after a volatile day.
Market data from INDEXIST, timestamped at 6:10:11 PM UTC+3, showed the BIST 100 closing at 9,379.83. This marked a decline of 104.43 points, representing a 1.10% loss for the day.
The index closed below its previous closing level of 9,484.26. The trading day was characterized by significant swings. After opening, the index rallied to session highs above 9,500 before midday. However, a sharp sell-off commenced around 1:30 PM, pushing the index to its lows near 9,350. While a recovery attempt occurred in the late afternoon, it wasn’t enough to bring the index back into positive territory, leading to a lower close.
The performance of the BIST 100 is a key indicator for the Turkish economy and reflects investor sentiment towards the country’s major listed companies. The intraday reversal highlights the underlying selling pressure that emerged during the latter half of the trading session.
