Due to the first MPC meeting of the Central Bank after the elections, investors had one eye on stocks. Citizens who invested in the stock market to protect themselves from inflation in the past period followed the stock market closely after the interest rate decision. Borsa Istanbul index BIST 100 continued to rise regardless of the CBRT’s interest rate hike.
BIST 100 index, which started the week at 5480 points, dropped to 5152 points on Thursday morning due to the cautious behavior of investors waiting for the Central Bank meeting. However, monetary tightening, which was below expectations, caused the index to rise to 5582 points again and close the week positively. Borsa Istanbul 100 index has gained 1.96% since the beginning of the week.
Which Sectors Featured?
The end of the Nas Era in the Turkish economy (now) In the critical week, some sectors came to the fore. Holding, mining, metal goods, sports and securities investment partnership companies gained more value than the BIST 100 average. The weekly return rates of these indices are as follows:
- BIST Securities YO (XYORT): 6.16%
- BIST Metal Goods Machinery (XMESY): 5.90%
- BIST Mining (XMADN): 4.96%
- BIST Spor (XSPOR): 4.06%
- BIST Holding and Investment (XHOLD): 3.93%
In addition to the prominent sectors in the stock market, there were also those that progressed less than the average return. Communication, textile and tourism stand out as sectors lagging behind the rise. The banking index XBANK, which is followed closely by investors due to the CBRT meeting, followed a similar course with the main index with a weekly gain of 2.19%.
Top Rising Stocks of the Week!
Although it was a busy week, most of the companies traded in the stock market did not bring big gains to the investors. If we calculate the continued rise in foreign exchange, we can say that most of the stocks have lost value in dollar terms. Investors, keeping this in mind, closely research the rapidly rising stocks in the stock market.
Despite the mixed environment, some stocks traded in Borsa Istanbul were astonishing with their returns. Forte, the company that gained the most value of the week, has risen 60% since Monday. The stock, which has been in the ceiling series since the public offering process, finished the week at 25.92.
Here are the other top rising stocks of the week:
- FORTE: 60.79%
- MACKO: 43.64%
- AVHOL: 38.35%
- DIRIT: 27.14%
- PEKGY: 26.29%
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