Stock Market Started the Day with an Increase on October 1

Stock Market Started the Day with an Increase on October 1 The stock market started the day with an increase on October 1. BIST 100 index in Borsa Istanbul increased 0.42 percent and started the day with 1.150.07 points. The BIST 100 index, which gained 4.83 points and 0.42 percent at the beginning of the day, reached 1,150.07 points. At the opening, the banking index gained 0.60 percent, while the holding index fell 0.21 percent. Food and beverage were the highest earning 1.47 percent among the sector indices; The only decline was recorded on holding. Stating that the steps taken by the government to normalize the economy will support Turkish lira assets, analysts stated that the positive trend in the markets is expected to continue. It was reported that news about the new type of coronavirus (Covid-19) vaccine, geopolitical developments and news about the incentive package in the USA remained at the center of the agenda. In addition, it was announced that the manufacturing industry Purchasing Managers Index data to be announced around the world came to the fore. In technical terms, analysts stated that the level of 1.155 stands out as resistance in the BIST 100 index, while 1.120 points is in the support position.