Stock Market Started the Day With an Increase on December 8

Stock Market Started the Day With an Increase on December 8 Stock market started the day with an increase on December 8. BIST 100 index in Borsa Istanbul increased by 0.33 percent and started the day with 1.334.22 points. At the beginning of the day, the BIST 100 index gained 4.33 points and 0.33 percent compared to its previous closing and reached 1.334.22 points. At the opening, the banking index gained 0.09 percent, while the holding index gained 0.34 percent. Among the industry indices, electricity was the most profitable with 0.99 percent, while sports was the most declining with 0.36 percent. Analysts say that the banking sector does not accompany the movement of the stock markets; Therefore, they reported that the BIST 100 index could not surpass the resistance zone in the 1.340-1.360 band for now. In addition to the banking index, which lost 2.54 percent yesterday, the BIST Industrial index saw an all-time high with 1.37 percent appreciation. Stating that the developments regarding the new type of coronavirus vaccine, the steps towards economic recovery, especially in the USA and Europe, and the rising tension between the USA and China are still in the focus of the agenda, analysts stated that the growth in the Euro Zone and the ZEW indices in Germany will be followed today. 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.