Stock Market Declined In The First Half Of The Day

Stock Market Declined In The First Half Of The Day The stock market declined in the first half of the day. BIST 100 index in Borsa Istanbul decreased by 0.31 percent in the first half of the day and fell to 1,475.26 points. The BIST 100 index, which fluctuated in the first half of the day, lost 4.65 points compared to its previous closing at 13:00 and fell to the level of 1,475.26. The total transaction volume was recorded as 11.8 billion. In the first half of the day, the banking index lost 0.47 percent, while the holding index gained 0.44 percent. Among the industry indices, tourism earned the most with 3 percent, while forest, paper and printing became the most declining with 1.07 percent. The BIST 100 index, which opened the day with an increase and saw the highest level of all time with 1,484.37 points in the first half of the day, found a balance around 1,475.00 points with intensified profit sales after this level. Reminding that the markets will be closed tomorrow due to the New Year holiday, analysts stated that the volatility in index and index-based futures contracts may be high on the last trading day of 2020. Today, summary of the Republic of Turkey Central Bank Monetary Policy Committee meeting will be followed by analysts, on the technical aspects, 1,490 level stands as resistance  in the BIST 100 index, level of 1,420 is in the support position.