Circuit breaker in dozens of shares on ISTANBUL stock market: Wealth Fund is on the defensive

A circuit breaker was applied in more than 200 shares of the Borsa Istanbul indices, which continued their downward trend. The stock market, the refuge of those who wanted to protect themselves against inflation last year, started 2023 on a volatile course.

Although some regulations came after the earthquakes, the fluctuating course continues. The loss in the first four months amounted to 16 percent. The decline, which has accelerated in recent days, continues on the first trading day of the week.

The loss in the BIST-100 index approached 2 percent. On top of this, a circuit breaker began to be applied in 244 shares.

The circuit breaker is trying temporary measures that work by automatically stopping buying and selling when prices reach predefined levels.

Economist Iris Cibre wrote that the 4480 level is critical for the index, which is at 4550 points as of 13:35.