What is happening at Borsa Istanbul? Experts answer questions

Borsa Istanbul started the balance sheet season with an unstable course. Although the drastic value losses seen with the new year have been compensated somewhat, drastic movements can be seen throughout the year. Experts commented on both the balance sheet season and the course of the BIST 100

The festive mood in Borsa Istanbul in 2022 disappeared with the new year. The rally in the BIST 100 index was replaced by sharp depreciation, circuit breaker applications, and 5 percent volatile movements seen in both directions during the day.

While the BIST100 index fell by about 24 percent from its peak at the level of 5 thousand 704, which it saw on January 3, 2023, it found support at the level of 4 thousand 600 and made an effort to compensate for its losses. Although the index started this week with a rise, it is at the level of 5 thousand 280 as of the end of the first half of the day today with the hard declines that followed. The depreciation seen since the beginning of the year is about 4 percent.

On the other hand, the financial results of the companies for the fourth quarter have also started to be announced. With all these developments, high wavelength movements in Borsa Istanbul attract attention.

Market actors believe that volatility will continue until the election and express an opinion to act more cautiously. While staying in cash is offered as an option, it is estimated that banks will see high profitability during the balance sheet period, but pricing may remain under pressure due to expectations about the future.