BIST 100 Starts The Day With A Decline

BIST 100 starts the day with a decline. BIST 100 index in Borsa Istanbul decreased 0.30 percent and started the day with 1.533.43 points.

At the beginning of the day, the BIST 100 index, which lost 4.61 points and 0.30 percent compared to its previous closing, fell to 1.533.43 points. While the banking index lost its value by 0.73 percent at the opening, the holding index lost its value by 0.40 percent. Among the industry indices, financial leasing was the most profitable with 2.21 percent, while the most decline was recorded on sports with 1.88 percent. The BIST 100 index gained 0.46 percent in Borsa Istanbul, which moved with buyers on Thursday, and closed the day with 1.538.04 points. The rise of the index yesterday was led by banking stocks. Analysts stated that following the statements made yesterday by the President of the US Federal Reserve (FED) Jerome Powell, the risk appetite on a global scale decreased. Following Powell's inability to alleviate concerns over bond yields and inflation, bond yields rose rapidly, while the dollar gained value against other currencies and commodities, and the sellers in the stock markets came to the fore. It was noted that the course of the 10-year bond interest rates of the USA, the economic support package that started to be discussed in the US Senate and the news flow regarding the coronavirus (Covid-19) epidemic remained at the center of the agenda. While it is stated that the data agenda in the country is calm today, it was reported that non-farm employment, unemployment rate and average hourly earnings data in the employment report of the USA will be monitored abroad. In technical terms, analysts stated that the level of 1.505 is in support and the range of 1.550 and 1.570 are in the resistance position for the BIST 100 index.