IPO Performance: Hidden Signals in BIST 100

The performance of BIST 100 IPO stocks is testing market sensitivity levels in a new dimension. The average daily gain for stocks listed at 100% was recorded at %12.7, marking the highest level in the last 6 months. Particularly, technology and finance sector stocks crossed the 15-day moving average line with a 3.4x Fibonacci correction. Ichimoku cloud analysis indicated a 'buy signal' as the 26-day conversion line surpassed the 52-day base line. This market volatility is directly linked to the Central Bank of the Republic of Turkey's latest interest rate decision. Experts highlight an inverse relationship between this performance and the 10-Year Government Bond Yield. As BIST 100 approaches the 5,150 support level, İş Bankası and Garanti BBVA led the decline with a %18.3 drop in IPO stocks.
The biggest surprise behind this performance is being attributed to Bitcoin's %5.6 drop. How will markets react to this development? The critical question is whether BIST 100 will break through the 5,200 resistance level, and if so, how it will synchronize with the crypto market.