The stock market reacted positively after President Erdogan announced the new cabinet last weekend. Borsa Istanbulcontinued its uninterrupted rise in the first week of June, making investors happy.
BIST 100 index gained 10% weekly and closed its last session at 5626 level. The index metric reached its current figure in December 2022, when the last historical peak was seen.
Which Sectors Gained More?
Despite the 10% appreciation of BIST 100, the rise was not entirely equal. This week’s prominent sectors in Borsa Istanbul transportation And brokerage firms it happened. While the transportation index XULAS has increased by 17.60% since the beginning of the week, the valuation in the brokerage house index XAKUR was recorded as 14.32%.
Building, bank And food sector, on the other hand, gained 6% on average, lagging behind the main index. While bank and construction stocks came to the fore last week, food companies continue to participate in the rise in a limited way.
Top Rising Stocks of the Week
Among the stocks traded on Borsa Istanbul, Burçelik gained the most value throughout the week. The company’s shares, traded under the codes BURCE and BURVA, rose by 71.8% and 59.4%, respectively, and took the first two places.
The top 5 company stocks that gained the most value in a week are as follows:
- BURCE: 71.87%
- BURVA: 59.43%
- VKFYO: 57.05%
- PENTA: 54.54%
- OSMEN: 49.17%
Borsa Istanbul continues to rise in TL terms, but the situation is different on the foreign exchange side.
What About the Dollar Based Index?
After the election atmosphere was left behind, the BIST 100 index went up by about 1100 points. The 26% gain in 2 weeks made the investors smile. However, when we look at the index on the dollar side, there is no significant gain.
Compared to the 26% increase in the BIST 100 index since the evening of May 28, when we make a dollar calculation, we see a 2% figure. The dollar-based index has lost 21% since the beginning of the year.
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