Tesla and Oracle among market cap stock movers on Monday

Investing.com – Turkey stocks were higher after the close on Monday, as gains in the Wood, Paper & Printing, Technology and Textile & Leather sectors led shares higher.

At the close in Istanbul, the BIST 100 gained 1.28% to hit a new 1-month high.

The best performers of the session on the BIST 100 were Astor Enerji AS (IS:ASTOR), which rose 6.90% or 7.20 points to trade at 111.50 at the close. Meanwhile, Margun Enerji Uretim Sanayi ve Ticaret AS (IS:MAGEN) added 5.39% or 1.88 points to end at 36.74 and Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret AS (IS:EUPWR) was up 4.17% or 1.26 points to 31.46 in late trade.

The worst performers of the session were Katilimevim Tasarruf Finansman AS (IS:KTLEV), which fell 5.66% or 1.01 points to trade at 16.83 at the close. Vestel Elektronik Sanayi ve Ticaret AS (IS:VESTL) declined 5.02% or 1.64 points to end at 31.00 and Turk Altin Isletmeleri AS (IS:TRALT) was down 4.11% or 1.54 points to 35.94.

Rising stocks outnumbered declining ones on the Istanbul Stock Exchange by 331 to 247 and 25 ended unchanged.

Shares in Margun Enerji Uretim Sanayi ve Ticaret AS (IS:MAGEN) rose to all time highs; gaining 5.39% or 1.88 to 36.74.

Gold Futures for February delivery was up 0.59% or 25.75 to $4,354.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.01% or 0.58 to hit $56.66 a barrel, while the February Brent oil contract fell 0.93% or 0.57 to trade at $60.55 a barrel.

USD/TRY was up 0.02% to 42.70, while EUR/TRY rose 0.26% to 50.26.

The US Dollar Index Futures was down 0.20% at 97.83.

Investing.com -- CIMG Inc (NASDAQ:IMG) stock jumped 6.5% Monday after the digital health and sales development company announced it has secured a major sales contract worth approximately $106.5 million for computing power equipment.

The Nasdaq-listed company revealed that its wholly-owned subsidiary, Zhongyan Shangyue Technology Co., Ltd., entered into the contract with a prominent commercial bank in China. The agreement is now officially signed and in effect, with the final value subject to the purchaser’s inspection and acceptance of the equipment.

CIMG described the deal as "another significant breakthrough" in its computing power business segment. The company expects the contract to contribute to sustained and stable revenue and cash flow moving forward.

The computing power equipment deal represents a substantial business win for CIMG, which specializes in utilizing technology and marketing to enhance its business partners’ sales growth and commercial value. The company operates primarily in the digital health and sales development sectors.

Trading activity Monday reflected investor optimism about the new contract, with shares climbing nearly 5% during the session.

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Investing.com -- Spirit Aviation Holdings Inc. has secured access to $100 million in additional financing from creditors, providing a short-term lifeline as the ultra-low-cost carrier navigates its second bankruptcy in less than a year.

The company announced Monday it amended its debtor-in-possession credit agreement to access the incremental funding. Of this amount, $50 million is immediately available, while the remaining $50 million depends on Spirit making continued progress toward a standalone reorganization plan or completing a strategic transaction.

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Spirit assured customers that flights, ticket sales and operations will continue normally throughout the holiday season.

"We are grateful to our lenders for continuing to support Spirit’s transformation, recognizing all the significant progress our team has made in recent months," said President and Chief Executive Officer Dave Davis in the statement.

The Florida-based airline filed for Chapter 11 bankruptcy protection in August, following the failure of an earlier restructuring that had eliminated approximately $795 million in debt and required bondholders to inject additional capital.