BIST 100 Started The New Week With An Increase

BIST 100 started the new week with an increase. BIST 100 index gained 0.21 percent in Borsa İstanbul and started the day with 1.411.05 points.

At the beginning of the day, the BIST 100 index, which gained 2.91 points and 0.21 percent compared to its previous closing, reached 1,411.05 points. At the opening, the banking index gained 0.13 percent, while the holding index gained 0.30 percent. Securities investment trusts were the highest earning 0.52 percent among the industry indices, while the only decline was recorded on tourism with 0.18 percent. BIST 100 index in Borsa Istanbul finished the week with 1,408.14 points, with an increase of 0.03 percent on the last trading day of the past week; With the support it received from the increase in the banking index, it gained 1.07 percent on a weekly basis. Analysts stated that the macroeconomic data that are better than expectations and the progress in the vaccination process support the optimism in the stock markets, and the increasing tension between the USA and Russia, the developments in Ukraine, the global chip crisis and the rising commodity prices stand out as factors that reduce the risk appetite. While it is stated that the data agenda is stable today, the Monetary Policy Committee meeting summary and consumer confidence index will be monitored domestically on Wednesday, while the interest decision of the European Central Bank (ECB), the manufacturing industry and service sector Purchasing Managers Index to be announced worldwide will be monitored abroad. In addition, it was reminded that the domestic markets will close on Thursday, as Friday is a public holiday. In technical terms, analysts noted that in the BIST 100 index, the level of 1,440 is in the resistance position, while 1,390 and 1,360 levels are in the support position.