BIST 100 Index Closed the Day with a Fall on October 5
BIST 100 index closed the day with a fall on October 5. BIST 100 index depreciated by 0.19 percent in Borsa Istanbul and ended the day at 1,391.65 points.
At the end of the day, the total transaction volume in the
BIST 100 index, which decreased by 2.72 points compared to the previous closing, was recorded as 12 billion liras.
At the close, the banking index gained 0.29%, while the holding index gained 0.08%. Among the sector indices, transportation was the highest earner with 1.15 percent, while the most decline was recorded on forest, paper and printing with 2.25 percent.
Analysts stated that volatility in global stock markets continues as rising oil prices feed inflationary concerns, uncertainties stemming from real estate companies in Asia, and increasing selling pressure in technology stocks.
Stating that the markets will follow the statements from the US Federal Reserve officials tomorrow, analysts noted that the domestic market will be calm, while ADP private sector employment in the USA, factory orders in Germany and retail sales in the Euro Zone will be monitored closely.
In technical terms, it was stated that the levels of 1.390 and 1.370 stood out as support and the level of 1.420 is in a position of resistance for the
BIST 100 index.