Stock Market Contracts Following Capital Markets Board Guide
Following the publication of new regulations, a noticeable decline was recorded in the performance indicators of stocks.
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The new fund guide published by the Capital Markets Board on August 28 led to a contraction in market depth on Borsa İstanbul, causing a major drop in the average ratios of stocks.
Fund Guide and Market Impact
The new fund guide published by the Capital Markets Board on August 28 resonated in the markets. Immediately following this regulation, market depth within Borsa İstanbul showed a clear tendency to contract.
Decline Rate in Stocks
The proportion of stocks trading above the 200-day moving average, which is closely monitored as a trend indicator, recorded a serious decline over the four-week period that followed. This ratio dropped from 41 percent down to 16 percent.