The Capital Markets Board (SPK) has launched an investigation into «unusual price fluctuations» on Borsa Istanbul.
According to a statement released on February 21, both the SPK and Borsa Istanbul are reviewing the transactions of all institutions involved.
The purpose of the investigation is to determine whether any deliberate and misleading information may have triggered the unusual price movements.
On February 21, the Turkish benchmark stock index closed at 9,602.16 points, marking a 2.09 percent decrease from the previous close. A total of 93 indexes saw a decline in value, while seven experienced gains.
The overall transaction volume reached 108 billion Turkish Liras ($2.96 billion), with the total value of the index standing at 8.45 trillion liras ($233.2 billion).
The SPK emphasized that it has initiated legal proceedings against those responsible for spreading misleading information that leads to unusual price changes. The authority warned that both criminal and administrative actions would be taken against any activities that undermine the secure, transparent, and stable operation of the capital markets.
