BIST triggered circuit breakers twice, lost 235 billion TL in value
There are more than 11 million stock market investors in Borsa Istanbul. However, a decision was made to halt trading twice during the day on the stock exchange.
12punto
The major decline recently experienced at Borsa Istanbul has shaken stock market investors.
The BIST 100 index closed the day at 7,245 points, a decline of 565.45 points. All 100 stocks in the index lost value. The average daily decline rate of the stocks was 7.08 percent.
BIST TRIGGERED CIRCUIT BREAKERS TWICE
Stocks at Borsa Istanbul suffered a major loss in value. When the BIST 100 index fell by more than 5 percent, trading was halted for the first time at 16:49.
Trading resumed at 17:19, but the selling pressure continued, and when the index exceeded 7 percent, trading was suspended for a second time. It was announced that trading would only take place during the closing session.
LOST 235 BILLION TL IN VALUE IN ONE DAY
Stocks at Borsa Istanbul took a major hit. The market value of companies at Borsa Istanbul, which was 13.35 trillion lira on October 24, fell to 12.40 trillion lira with a 7 percent decline.
The value of publicly traded shares of companies listed on the stock exchange also decreased by 235 billion TL in just one day. This figure marked the largest daily loss in Borsa Istanbul's history in terms of TL.
Furthermore, stock market investors also lost more than 10 percent in value against the dollar in 2023.