VBTS Finale: Liquidity Returns for Destek Finans and Sun Textile Shares

The BIST lifts the Volatility-Based Measures (VBTS) restrictions on two stocks on August 21, 2026, a move that investors are watching closely.

The Final Act of VBTS and Market Pulse

Under the Volatility-Based Measures (VBTS) regime, Destek Finans Factoring Inc. and Sun Textile Industry and Trade Inc. saw their trading bans end on Thursday, August 20, 2026. Starting Friday, August 21, 2026, the shares will trade freely on the Istanbul Stock Exchange, responding directly to investor liquidity demand.

Destek Finans Factoring & Sun Textile: Volume Outlook and Liquidity Prospects

■Average daily turnover for Destek Finans Factoring Inc. stands at 120 Million TRY, after a 45% dip before the restriction.

■Sun Textile Industry and Trade Inc. recorded an average daily turnover of 130 Million TRY, down 38% during the ban.

■In the first five trading days post‑release, volume is expected to rise 22% and 19% respectively.

■Both stocks could add 0.3% and 0.2% respectively to the BIST 30 index.

Macro‑Prudential Echoes in the Banking Sector

Recent macro‑prudential tightening by the Central Bank has constrained credit supply and liquidity conditions, especially for SMEs. While the removal of VBTS restrictions may ease some pressure on the banking sector, the lingering credit squeeze continues to dampen risk appetite across the market.

Tactical Positioning and Investor Sentiment

■60% of institutional investors plan to increase their exposure.

■Retail inflows could rise 15% after the ban lifts.

■Short‑term volatility risk is likely to be capped by a 0.8‑point drop in the BIST 100 volatility index.

■Foreign capital flows may channel an additional 30 Million USD into the newly unfettered shares.

Kerem Tufan, Director of Commercial Credit and Central Bank Policies, notes, "The final phase of VBTS can improve BIST’s liquidity profile while softening the impact of macro‑prudential tightening on the banking sector. Yet, the rapid rebound in trading volumes for these two stocks also brings short‑term speculative risk. In an environment where SME credit continues to contract, market participants should adopt a cautious yet opportunity‑driven strategy."