BIST 100 Started The Day With A Decrease

BIST 100 started the day with a decrease. BIST 100 index in Borsa Istanbul decreased by 0.1 percent and started the day with 1,363.87 points.

At the beginning of the day, the BIST 100 index, which lost 1.40 points and 0.1 percent compared to its previous closing, fell to 1.363.87 points. While the banking index lost its value by 0.29 percent at the opening, the holding index also lost its value by 0.22 percent. Among the sector indices, while the highest earning was on information with 2.74 percent, most decline was recorded on tourism with 2.10 percent. On Tuesday, the BIST 100 index in Borsa Istanbul continued its downward trend. BIST 100, which lost 0.87 percent, finished the Tuesday with 1.365.27 points. Analysts stated that the share markets have declined since the beginning of the week, due to the increasing number of cases in the coronavirus (Covid-19) epidemic, the US-Russia tension, the chip crisis, the pricing of high volatile commodity prices and economic activity. In the week when the data agenda was also calm, analysts stated that investors need a new story on a global scale in order to gain strength in the stock markets, and that the speech to be made by the US Treasury Secretary Janet Yellen at an event organized by the International Finance Institute on sustainable finance will be closely monitored. In technical terms, analysts said that if 1.360 support in the BIST 100 index is broken, the 1.300-1.310 band may come to the agenda, and a persistence above 1.400 points will be sought to increase optimism in possible increases.