BIST 100 Index Started Thursday With A Fall on October 14
BIST 100 index started Thursday with a fall on October 14. BIST 100 index depreciated by 0.10 percent in Borsa Istanbul and started the day with 1,412.17 points.
At the beginning of the day, the BIST 100 index, which decreased by 1.37 points and 0.10 percent compared to the previous close, fell to 1,412.17 points.
While the banking index depreciated by 0.25% at the opening, the holding index depreciated by 0.14%. While insurance was the highest earner with 0.24 percent among the sector indices, the most decline was recorded on securities investment trusts with 0.86 percent.
Yesterday, the BIST 100 index in Borsa Istanbul lost value by 0.23 percent and closed the day at 1,413.54 points.
Analysts noted that, following the clarification of the process of reducing asset purchases in the minutes of the US Federal Reserve’s (FED) meeting announced yesterday, a purchase-heavy trend prevailed in global stock markets, while Turkish lira assets diverged negatively as of the opening. In the minutes of the FED’s September meeting, it was signaled that the reduction in asset purchases could begin in November or December, and that the rate of reduction would be $15 billion per month, of which $10 billion from treasury bonds and $5 billion from mortgage-backed assets.
Stating that the speeches of the US Federal Reserve and European Central Bank officials are important in terms of the direction of the markets today, analysts said that the weekly money and bank statistics in the country and the Producer Price Index in the USA will be monitored closely.
In technical terms, it was stated that the level of 1.370 stands out as the support and the level of 1.440 is in a position of resistance for the BIST 100 index.