Stock Market Started The Day With an Increase on December 15

Stock Market Started The Day With an Increase on December 15 Stock market started the day with an increase on December 15. BIST 100 index in Borsa Istanbul increased by 0.42 percent and opened the day with 1,394.42 points. At the beginning of the day, the BIST 100 index, which gained 5.87 points and 0.42 percent compared to its previous closing, reached 1.394.42 points. While the banking index index gained 0.44 percent at the opening, the holding index gained 0.20 percent. Among the sector indices, trade was the most profitable with 0.74 percent, while tourism was the most declining with 0.20 percent. The BIST 100 index, which broke the record yesterday with the industry index data coming better than expected, closed the day at 1,388.55 points with 1.30 percent value gain. While this level was the highest close of all time, the highest level the index has seen was 1,394.58 points. It was stated that expectations on USA’s decision to take some sanctions against Turkey for the purchase of S-400’s from russia would have a limited impact on the market. On the other hand, Turkey's President Recep Tayyip Erdogan announcement of the new support package had a positive impact on the share market. Support package in the US, Brexit in Europe and the new type of coronavirus vaccine kept their place on the center of the agenda. Indicating that the housing sales statistics and central government budget balance will be monitored today, analysts reminded that USA industrial production data will be followed abroad. In technical terms, analysts stated that 1,340 points reached the support position in the BIST 100 index, and that 1,440 resistance will be followed in case of persistence above the 1,390 level.