Stock Market Started the Day with an Increase on January 12

Stock market started the day with an increase on January 12. BIST 100 index gained 0.84 percent in Borsa Istanbul and started the day with 1.549.04 points. At the beginning of the day, the BIST 100 index, which increased by 12.85 points and 0.84 percent compared to its previous closing, reached 1.549.04 points. While the banking index gained 0.79 percent at the opening, the holding index gained 0.95 percent. Among the industry indices, mining was the most profitable with 1.9 percent, while the only decline was on the securities investment partnership with 0.54 percent. The BIST 100 index, which recorded an all-time high with 1,557.45 points on Monday, started to decline with profit sales following this level. The index closed the day with 1.536.19 points, depreciating 0.29 percent compared to the previous close. Analysts said that expectations regarding the fiscal stimulus package that Elected US President Joe Biden will announce on Thursday supports global markets. In addition, it was reported that the political developments in the USA and the upward trend in the US 10-year bond yields will continue to affect the course of asset prices. Analysts said that in addition to the speeches of the members of the US Federal Reserve Open Market Committee, data on the number of JOLTS vacancies in the USA will be monitored closely. In technical terms, analysts stated that 1.550 points are in the resistance position and 1.500 and 1.470 levels are in the support position in the BIST 100 index.