Borsa Drops 1.2%, BIST 100 Loses Its Shine

The BIST 100 closed the day with a %1.2 decline, heightening investor anxiety.

BIST 100 Drop Metrics

■BIST 100 fell %1.2, opening with a %0.8 slide.

■The S&P 500 dipped %1.0 in the same session, while the FTSE 100 fell %0.9.

■The intraday low hit 19,520.

Sectors Most Affected

■Technology: %2.4 drop, with Apple and Microsoft shares falling %1.8.

■Finance: %1.9 decline, İşbank and Akbank shares down %1.5.

■Energy: %1.2 fall, Petrol Ofisi and Tüpraş shares down %1.0.

Company Highlights

■BİM Birlesik Mağazalar rose %0.8, with short‑term liquidity expected to improve.

■ASELSAN slid %1.3, amid expectations of a %5 increase in R&D spend.

■Turkcell dipped %0.6, with rising anticipation for a 5G launch.

Investor Sentiment: Technical & Fundamental View

■The Fibonacci retracement level at 38.2% was tested, with resistance near 19,800.

■The Ichimoku cloud signaled a short‑term selling bias for the BIST 100.

■The 50‑day moving average supports a short‑term downward trend.

Markets suggest this dip is linked to global interest‑rate hikes and OPEC production cuts; technical indicators point to a potential rebound after a short‑term correction.