Stock Market Started the Day With a Decrease on October 28

Stock Market Started the Day With a Decrease on October 28 Stock market started the day with a decrease on October 28. BIST 100 index in Borsa Istanbul decreased 0.22 percent and started the day with 1.150.10 points. The BIST 100 index, which lost 2.53 points and 0.22 percent at the beginning of the day, fell to 1.150.10 points. While the banking index lost its value by 0.06 percent at the opening, the holding index fell 0.19 percent. Among the industry indices, forest, paper and printing were the most profitable with 2.50 percent, while electricity was the most declining with 0.77 percent. The BIST 100 index, which rose on Tuesday with the reaction purchases in bank stocks, gained 0.72 percent and closed the day with 1,152.63 points. The increase in new coronavirus (Covid-19) cases worldwide and the statements that Europe is the new epicenter of the epidemic increased the risk perception of the markets. Starting to be announced, the 3rd quarter financial consequences and the increase of stock and sector-based transactions, this years 4. Inflation Report and Chairman of the Central Bank of the Republic of Turkey Murat Uysal’s message to be given at a press conference transfer will play a decisive role on the direction of markets as stated by the analysts. Analysts reminded that the markets will be open until noon today, before the 1.5-day holiday due to the October 29 Republic Day, and stated that the BIST 100 index has reached the support level of 1.137 and 1.118 and that the level of 1.180 is the resistance.