Borsa Istanbul BIST 100 Index Started the Day with an Increase
While the BIST 100 index opened with an increase compared to the previous closing, investors are following domestic and foreign economic data.
The BIST 100 index on Borsa Istanbul started the day with a 0.32 percent increase at 12,161.68 points.
Opening Figures and Change
The BIST 100 index on Borsa Istanbul started the day with a 0.32 percent increase at 12,161.68 points. Following a selling-weighted course yesterday, the BIST 100 index on Borsa Istanbul had completed the day with a 2.03 percent loss in value at 12,122.94 points. The index rose by 38.74 points and 0.32 percent at the opening compared to the previous close, reaching 12,161.68 points.
Status of Sectors
The banking index experienced a 0.14 percent loss in value, and the holding index a 0.47 percent loss. Among the sector indices, the one gaining the most was chemistry, petroleum, and plastic with a 1.03 percent increase, while the one declining the most was recorded as the financial leasing and factoring sector with a 6.08 percent drop.
Data to Be Followed
Analysts stated that the Istanbul Economy Forum and weekly money and bank statistics will be monitored domestically today. Externally, it was noted that weekly jobless claims and wholesale inventories data in the US will be in the focus of investors.
Technical Levels
Market experts stated that technically, the 12,300 and 12,400 point levels are in the position of resistance in the BIST 100 index. In downward movements, it was recorded that the 12,000 and 11,900 point levels will be monitored as support.
Global Market Conditions
Global markets remain under pressure with the strengthening of expectations that the US Federal Reserve may make another interest rate hike by the end of the year. In addition, the rising tension due to new attacks in the Middle East is among the main reasons for the negative course in the markets.