Stock Market Started the Day With an Increase on December 4

Stock Market Started the Day With an Increase on December 4 Stock market started the day with an increase on December 4. BIST 100 index gained 0.15 percent in Borsa Istanbul and started the day with 1.332.87 points. At the beginning of the day, the BIST 100 index gained 2.02 points and 0.15 percent compared to its previous closing and reached 1.332.87 points. While the banking index lost its value by 0.24 percent at the opening, the holding index gained 0.14 percent. Among the sector indices, sports were the most profitable with 1.17 percent while financial leasing and factoring fell the most with 0.58 percent. New developments regarding the new type of coronavirus (Covid-19) vaccine, incentive packages that are aimed to be implemented and macroeconomic data continue to keep their place on the agenda of the markets. Especially, the fact that the November inflation data announced yesterday exceeded the expectations, causing movement in the markets. The BIST 100 index, which declined to 1,315 points after the announcement of the data, closed the day at 1,330.85 points by increasing 0.40 percent after the statements of the Minister of Treasury and Finance Lütfi Elvan. Indicating that the real effective exchange rate will be monitored domestically today, analysts stated that non-farm employment, unemployment rate and average hourly earnings data in the November employment report of the USA will be followed abroad. In technical terms, analysts stated that the levels of 1.340 and 1.360 are in the resistance position and 1.290 points are in the support position in the BIST 100 index.