BIST 100 Index Started The Day With A Decline

BIST 100 index started the day with a decline. BIST 100 index in Borsa Istanbul lost value by 0.07 percent and started the day with 1,390.72 points.

At the beginning of the day, the BIST 100 index, which decreased by 0.92 points and 0.07 percent compared to the previous close, dropped to 1,390.72 points. While the banking index depreciated by 0.23 percent at the opening, the holding index depreciated by 0.39 percent. Among the sector indices, the main metal industry gained the most with 1.30 percent, while the most decline was recorded on financial leasing and factoring with 0.58 percent. Yesterday, BIST 100 index depreciated by 0.19 percent in Borsa Istanbul and closed the day at 1,391.65 points. Analysts said that ongoing factors such as the increase in raw material prices, especially oil, and the concerns that the rise in inflation will take longer than expected, the possibility of default in the USA and the debt crisis in China continue to put pressure on the stock markets. It was stated that today, in addition to the statements of the US Federal Reserve officials, ADP private sector employment in the USA and retail sales data in the Eurozone 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.