Stock Market Closed Day With an Increase on October 27

Stock Market Closed Day With an Increase on October 27 The stock market closed the day with an increase on October 27. In Borsa Istanbul, the BIST 100 index gained 0.72 percent and finished the day with 1,152.63 points. At the end of the day, the BIST 100 index appreciated by 8.19 points compared to the previous closing, and the total transaction volume was recorded as 22.1 billion liras. At the closing, while the banking index gained value by 2.95, the holding index gained 1.43 percent. Among the sector indices, forest, paper and printing were the most profitable with 3.73 percent, while the highest loss was recorded on metal main industry with 2.04 percent. Before the 1.5-day holiday due to October 29 Republic Day, Borsa Istanbul saw a fluctuating activity today. BIST 100 index closed the day with an increase and stabilized in the band of 1.150.00 -1.155.00. Risk perception has also increased, with the increase of new types of coronavirus (Covid-19) cases worldwide and the emergence of new measures, creating uncertainty in the markets. The third quarter started to be discussed in the country with overall financial results, analyst stating that there is a positive reflection on BIST 100 index, tomorrow Central Bank of Turkey (CBRT)’s fourth Inflation Report of the year will be announced domestically, the Central Bank Monetary Policy Committee meeting summary and economic confidence will be monitored abroad along with the data on wholesale stocks in the USA. In technical terms, analysts stated that the levels of 1.137 and 1.118 in the BIST 100 index came to support and 1.180 points to resistance.