Stock Market Recovered In The First Half Of The Day

The stock market recovered in the first half of the day. In Borsa Istanbul, the BIST 100 index gained 0.38 percent in the first half of the day and reached 1.530.28 points. BIST 100 index, which was in an upward trend in the first half of the day, reached the level of 1.530.28 by increasing 5.79 points compared to the previous close at 1 pm. The total transaction volume was recorded as 13.7 billion liras. In the first half of the day, while the banking index gained value by 0.17 percent, the holding index lost 0.37 percent. While informatics earned the most with 2.60 percent among the sector indices, transportation was the most declining with 1.12 percent. Analysts stated that the comments of Joe Biden, who was elected President of the USA, that the $ 1.9 trillion outbreak support package, which was announced last week, was unlikely to pass by Congress, reduced global risk appetite. Reminding that the markets are closed today in the USA due to a public holiday, analysts stated that the manufacturing and service sector Purchasing Managers Index, which will be announced worldwide on Friday with the interest decisions of the CBRT and the European Central Bank, will be followed throughout the week. In addition, it was stated that the statements that may come from the meeting of the European Union Finance Ministers will be followed today. In technical terms, analysts stated that the 1.500 level in the BIST 100 index is a critical support in terms of the short and medium-term outlook, while 1.550 and 1.570 are in the resistance position.