Borsa İstanbul Imposes Volatility Control on KRGYO.E: Market Watch

Borsa İstanbul has introduced a new volatility-based measure for KRGYO.E shares under the SPK's Volatility-Based Trading System (VBTS), aiming to curb price swings.

KRGYO.E's Volatility Surge

■12.3% increase in volatility during Q1 2024

■Share price surpassed 1.75 TL, hitting a 30‑day high

■Liquidity rose 1.2×

SPK's VBTS Decision

■On 15.08.2024, SPK imposed a 15% price band limit on KRGYO.E

■Trading volume expected to fall 20%

■Decision valid for 30 days

Market Reactions and Liquidity Impact

■Borsa Istanbul overall fell 0.7%

■Investors are exhibiting risk‑aversion

■KRGYO.E's trading volume dropped 35%

The SPK's VBTS application, while aiming to curb KRGYO.E's volatility, may create a short‑term liquidity squeeze in the market. In the long run, the company is expected to trade within a stable price range.