BIST 100 Closed The Day With a Decline
BIST 100 closed the day with a decline. BIST 100 index lost 0.14 percent in Borsa Istanbul and ended the day with 1.540.59 points.
At the end of the day, the
BIST 100 index decreased by 2.23 points compared to its previous closing, and the total transaction volume was recorded as 36 billion liras.
At the closing, the banking index lost 1.09 percent, while the holding index lost 0.34 percent. Among the sector indices, financial leasing was the most profitable with 3.38 percent, while the most decline was recorded on mining with 2.22 percent.
Analysts stated that the global markets are trying to be priced in the possibility that the rise in commodity prices may increase inflationary pressures.
Stating that the news flow regarding the financial support package expected to be given as part of the fight against coronavirus in the USA continues to be in the focus of the markets, analysts stated that the US Federal Reserve (FED) meeting which will take place will be monitored with great importance along with the increase in US bond rates.
The interest rate decision, which will be announced at the Monetary Policy Board meeting of the Central Bank of the Republic of Turkey, and the consumer confidence index will be followed tomorrow, analysts reminded that inflation in the Eurozone, construction permits and housing starts in the USA, Philadelphia Fed manufacturing industry index will be closely monitored abroad.
In technical terms, analysts stated that 1.570 and 1.582 levels are in the resistance position and 1.525 level is in the support position for the
BIST 100 index.