BIST 100 Closed The Day With A Decline
BIST 100 closed the day with a decline. In Borsa Istanbul, the BIST 100 index lost 1.41 percent and finished at 1.528.99 points.
At the end of the day, the
BIST 100 index decreased by 21.94 points compared to its previous closing, and the total transaction volume was recorded as 25.9 billion liras.
At the closing, the banking index lost 2.69 percent, while the holding index lost 2.63 percent. Among the sector indices, the metal goods were the most earning 2.19 percent, while the most decline was recorded on the metal main industry with 2.95 percent.
Stating that the volatility in bond interest rates, the increasing number of cases in the coronavirus epidemic and the increasing tension between the USA and China have followed a negative course in global stock markets, the US Federal Reserve (FED) announced that it will not extend the temporary change in the additional leverage ratio (SLR) it imposed for large banks at the beginning of the coronavirus epidemic, which had a negative impact on the markets on a global scale.
Analysts said that next week,
President Recep Tayyip Erdogan's statements at the 7th Ordinary Grand Congress of the AK Party and the action program and calendar that will be shared by the Minister of Treasury and Finance Lütfi Elvan regarding the Economy Reform Package will be followed. On the domestic data agenda, it was reported that the summary of the Central Bank of the Republic of Turkey’s Monetary Policy meeting, real sector confidence index and capacity utilization rate, consumer confidence index and labor force statistics came to the fore.
It was stated that the intense data agenda, especially the growth in the USA and the Purchasing Managers Index (PMI), which will be announced worldwide, and the FED Chairman Jerome Powell’s speech will be closely monitored abroad.
In technical terms, analysts stated that the level of 1,600 is in the resistance position and the level of 1,520 is in the support position for the BIST 100 index.