BIST 100 Index Started Wednesday With An Increase

BIST 100 index started wednesday an increase. BIST 100 index in Borsa Istanbul gained 0.12 percent and started the day with 1,397.47 points.

At the beginning of the day, the BIST 100 index, which gained 1.68 points and 0.12 percent compared to the previous close, reached 1.397.47 points. At the opening, the banking index gained 0.08 percent, while the holding index gained 0.07 percent. Among the sector indices, forest paper printing was the most profitable with 0.91 percent, while the most decline was recorded on financial leasing and factoring with 4.37 percent. BIST 100 index in Borsa Istanbul, which was acting relatively calmly on Tuesday, closed the day at 1,395.79 points with 0.23 percent gain in value as a result of the recovery in bank stocks. Analysts stated that the tightening measures due to the increasing number of cases in coronavirus (Covid-19) epidemic and the increase in the US's 10-year bond interest caused pressure on TL assets. While reminding that there are domestic economic confidence index and foreign trade statistics in today's data calendar, it was stated that ADP private sector employment in the USA and inflation data in the Eurozone stand out. In addition, with the speech of the US Treasury Secretary Janet Yellen at the Financial Stability Oversight Council meeting, it was reported that the details of the US President Joe Biden's $ 3 trillion infrastructure package will be monitored abroad. In technical terms, analysts stated that the range of 1.420 and 1.450 are in the resistance position and 1.340 points are in the support position for the BIST 100 index.