Fenerbahçe shares plummet following Kayserispor draw

The results from the 32nd week of the Süper Lig have directly impacted sports stocks on Borsa İstanbul. As the league enters critical weeks in the championship race, developments on the pitch have also affected investors.

Fenerbahçe, which drew 3-3 with Kayserispor last night, fell 5 points behind league leaders Galatasaray, dealing a heavy blow to their championship hopes. This sporting outcome was negatively reflected in their stock market performance.

Fenerbahçe shares began the first trading day of the week with a sharp decline of 7.65 percent, starting at 42.76 liras. The decline continued throughout the day, and as of 10:25, the share price had lost 8 percent of its value, falling to 42.60 liras.

RISE IN GALATASARAY

Galatasaray, on the other hand, maintained its lead by defeating Sipay Bodrum FK 2-0 last week. This victory was positively reflected in the yellow-red club's share performance. Starting the week with a 7.49 percent increase at 2.01 liras, Galatasaray shares continued to trade at 2 liras as of 10:25, marking a 6.95 percent rise.

Looking at the stock market performance of other clubs; Beşiktaş started the week with a 0.49 percent increase at 2.06 liras. However, as of 10:25, its share value had fallen by 0.98 percent to 2.03 liras. Trabzonspor began the day with a 1.11 percent rise at 0.91 liras and continued this upward trend, reaching 0.92 liras with a 2 percent increase at 10:25.

News Source: 12punto