Week Ending: 28 August 2026

Turkey TR Industrials Industry

Engineering & Construction

For the week ending 28 August 2026, Engineering & Construction advanced 5.61% with 10 advancing, 5 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Rotation Up

Fast Activity Lines are gaining on the slow pair while price acceptance improves.

77 technical evidence
Index42461.97 1 week5.61% Breadth67% Members15
Country 🇹🇷 Turkey · TR
Sector Industrials
Universe country-listed
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Rotation Up 1 completed week in this state
Trend acceptance 16.3% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 67% 10 advancing, 5 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Positioning window open

Trend, participation and relative evidence are sufficiently aligned for selective exposure.

77 technical evidence
out of 100
Evidence balance

Five-pillar map

Position
Trend
81
Breadth
56
Persistence
82
Relative
96
Risk quality
80
What supports the view
  • The index remains above a constructive Trend gate.
  • Participation is broad enough to support the index move.
  • Constituent trends show positive multi-horizon persistence.
  • Relative performance is improving within its parent hierarchy.
What restrains conviction
  • The index is extended well above current Fair Value, increasing chase risk.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly close below the Trend Line at 36,500.82 would weaken the constructive case.
  2. Breadth falling below 45% while the index holds up would signal narrowing leadership.
  3. A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Rotation Up

Fast Activity Lines are gaining on the slow pair while price acceptance improves.

State age1 weeks
Trend gateUp
Fan width4.71%
Fast versus slow change0.95 pts
Above 50% Below 17%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.

13-week
3.4%
26-week
36.7%
39-week
46.9%
52-week
37.2%
Regime age69 weeks 52-week flips0 52-week boundary30950.27
Constituent trend persistence

Is the index move broadly durable?

93% coverage
Coherent positive57%
Coherent negative14%
Average horizon agreement93%
Positive horizon share75%
Weakening positives2
Repairing negatives0

14 constituents measured as of 28 Aug 2026. Median trend age is 22 weeks.

Custom stage map

Where constituents sit in the cycle

93% coverage
Stage 1 · Basing7%1 securities
Stage 2 · Advancing57%8 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining36%5 securities
Re-acceleration watch0 Transition watch2 Relative strength leaders43% Fair Value repairs0

Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

82/100 mean confidence
Upward expansion
36% 5
Rotation up
7% 1
Deceleration
21% 3
Balance
0% 0
Rotation down
0% 0
Downward expansion
36% 5
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to Industrials

Improving
Relative index 13-week relative trend Starting level
Rotation dashboard Improving

A rising relative line means this group is compounding faster than Industrials. A falling line means capital has done better in the parent benchmark.

Relative index122.0
13-week trend113.9
4-week trend change1.79%
Weekly peer rank2 of 13
1 week
4.5 pts relative
4 weeks
10.0 pts relative
13 weeks
7.3 pts relative
26 weeks
26.0 pts relative
52 weeks
25.0 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Broad
Advancing
10
Declining
5
Unchanged
0
4-week average 68%
13-week average 46%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility26.9%
Drawdown from 52-week high0.0%
Positive weeks, last 1362%
Current directional run4 weeks
Turnover versus 13-week norm295%
Breadth impulse22.2 pts
Cross-section

Return distribution

15 measured
Q1 -1.3% Median 1.6% Q3 9.4%
Average winner12.6%
Average loser-3.4%
Dispersion13.5 pts
Top-five upside share86%
Top-five capital share91%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

0 qualified records across 15 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 BRLSMBirlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi
45.97% 2 ANELEAnel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi
28.97% 3 NIBASNigbas Nigde Beton Sanayi Ve Ticaret A.S.
14.29% 4 ARSANArsan Holding Anonim Sirketi
10.57% 5 GESANGirisim Elektrik Sanayi Taahhüt ve Ticaret A.S.
8.19%

Weakest edge

15 YAYLAYayla Enerji Üretim Turizm ve Insaat Ticaret A.S.
-7.04% 14 HRKETHareket Proje Tasimaciligi Ve Yuk Muhendisligi Anonim Sirketi
-4.66% 13 YYAPIYesil Yapi Endüstrisi A.S.
-2.38% 12 RALYHRal Yatirim Holding A.S.
-2.12% 11 GLRMKGulermak Aglr Sanayi Insaat ve Taahhut A.S.
-0.55%

Constituent ledger

Industry constituents

All 15 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 BRLSM Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi IST 4.45B 25.34 1.67 pts
45.97%
2 ANELE Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi IST 51.41B 187.00 1.67 pts
28.97%
3 NIBAS Nigbas Nigde Beton Sanayi Ve Ticaret A.S. IST 1.37B 4.40 0.95 pts
14.29%
4 ARSAN Arsan Holding Anonim Sirketi IST 7.00B 4.29 0.70 pts
10.57%
5 GESAN Girisim Elektrik Sanayi Taahhüt ve Ticaret A.S. IST 34.34B 93.10 0.55 pts
8.19%
6 ORGE Orge Enerji Elektrik Taahhüt Anonim Sirketi IST 9.03B 24.10 0.53 pts
7.88%
7 ENKAI Enka Insaat ve Sanayi A.S. IST 508.89B 88.75 0.44 pts
6.61%
8 YEOTK Yeo Teknoloji Enerji Ve Endustri Anonim Sirketi IST 26.59B 35.40 0.11 pts
1.61%
9 SAYAS Say Yenilenebilir Enerji Ekipmanlari Sanayi ve Ticaret A.S. IST 4.19B 59.70 0.08 pts
1.27%
10 UCAYM Ucay Muhendislik Enerji Ve Iklimlendirme Teknolojileri A.S. IST 4.98B 26.02 0.04 pts
0.54%
11 GLRMK Gulermak Aglr Sanayi Insaat ve Taahhut A.S. IST 51.91B 180.00 -0.04 pts
-0.55%
12 RALYH Ral Yatirim Holding A.S. IST 85.92B 265.00 -0.14 pts
-2.12%
13 YYAPI Yesil Yapi Endüstrisi A.S. IST 1.38B 0.82 -0.16 pts
-2.38%
14 HRKET Hareket Proje Tasimaciligi Ve Yuk Muhendisligi Anonim Sirketi IST 10.53B 97.25 -0.31 pts
-4.66%
15 YAYLA Yayla Enerji Üretim Turizm ve Insaat Ticaret A.S. IST 1.03B 21.66 -0.47 pts
-7.04%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context