BIST 100 Index Started September With An Increase

BIST 100 index started September with an increase. BIST 100 index in Borsa Istanbul gained 0.24 percent and started the day with 1,475.62 points.

At the beginning of the day, the BIST 100 index, which increased 3.55 points and 0.24 percent compared to the previous close, rose to 1,475.62 points. While the banking index gained 0.32 percent at the opening, the holding index gained 0.35 percent. While insurance was the highest earner with 0.50 percent among the sector indices, only decline was recorded on tourism with 0.12 percent. Yesterday, the BIST 100 index in Borsa Istanbul continued its buying course and closed the highest in 5 months with 1,472.07 points, gaining 0.95 percent value. Analysts stated that the search for direction continues after the mixed signals from macroeconomic data and increasing uncertainties in global stock markets, and that money inflow and positive divergence attracted attention in Borsa Istanbul due to relatively cheap pricing. Analysts said that today, in addition to the second quarter growth data in the country, the manufacturing industry Purchasing Managers Index (PMI) to be announced around the world and the ADP private sector employment data in the USA are in the focus of investors. Analysts also stated that they will follow the news that will come out of the meeting between the Central Bank of the Republic of Turkey executives and investors today. In technical terms, analysts stated that if the BIST 100 index is maintained above the 1.470 level, 1.490 will be in a resistance position, and in the downward movements, the level of 1.440 will stand out as support.