Turkey stocks lower at close of trade; BIST 100 down 1.92%

Turkey stocks lower at close of trade; BIST 100 down 1.92%

May 22, 2019

Turkey stocks were lower after the close on Wednesday, as losses in the Technology, Leasing&Factoring and Transport sectors led shares lower.

At the close in Istanbul, the BIST 100 declined 1.92% to hit a new 52-week low.

The best performers of the session on the BIST 100 were Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (IS:FLAP), which rose 10.69% or 0.280 points to trade at 2.900 at the close. Meanwhile, Fenerbahce Futbol AS (IS:FENER) added 3.68% or 0.25 points to end at 7.04 and Vestel Elektronik Sanayi ve Ticaret AS (IS:VESTL) was up 2.08% or 0.180 points to 8.850 in late trade.

The worst performers of the session were Eczacibasi Yatirim Holding Ortakligi AS (IS:ECZYT), which fell 13.00% or 0.88 points to trade at 5.89 at the close. Kerevitas Gida Sanayi ve Ticaret AS (IS:KERVT) declined 7.43% or 0.13 points to end at 1.62 and ICBC Turkey Bank AS (IS:ICBCT) was down 6.55% or 0.190 points to 2.710.

Falling stocks outnumbered advancing ones on the Istanbul Stock Exchange by 320 to 60 and 27 ended unchanged.

Shares in Eczacibasi Yatirim Holding Ortakligi AS (IS:ECZYT) fell to 52-week lows; down 13.00% or 0.88 to 5.89. Shares in ICBC Turkey Bank AS (IS:ICBCT) fell to 52-week lows; losing 6.55% or 0.190 to 2.710.

Gold Futures for June delivery was up 0.23% or 2.95 to $1276.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 2.76% or 1.74 to hit $61.39 a barrel, while the July Brent oil contract fell 1.97% or 1.42 to trade at $70.76 a barrel.

USD/TRY was up 1.02% to 6.1131, while EUR/TRY rose 1.02% to 6.8215.

The US Dollar Index Futures was down 0.01% at 97.882.

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