Banking stocks plummet: 2.80% loss in BIST 100

Borsa Istanbul began the week of April 7, 2025, with a sharp decline. On the first day of the week, which saw volatile markets globally, the BIST 100 index fell by 262.45 points, or 2.80%, from the previous close to 9,117.38 points.

SHARP DECLINE IN BORSA ISTANBUL

The banking index lost 3.61% and the holding index lost 2.80%.

While all sector indices declined, the banking sector saw the highest losses.

In Borsa Istanbul, which followed a sell-heavy trend yesterday, the BIST 100 index closed the day down 1.10% at 9,379.83 points.

SELL-OFF PRESSURE IN GLOBAL MARKETS

In global markets, the sell-off pressure that emerged following the reciprocity-based tariffs announced by US President Donald Trump has gained momentum and carried over into the new week.

Analysts stated that weekly money and banking statistics will be monitored domestically today, while news flow regarding US tariffs, the Sentix investor confidence index in the Eurozone, and retail sales will be followed abroad. They noted that from a technical perspective, the 9,100 and 9,000 levels are support levels for the BIST 100 index, while 9,200 and 9,300 points act as resistance.

News Source: 12punto