Stock Market Started The Day With An Increase on October 20
The BIST 100 index, which gained 3.60 points and 0.30 percent at the beginning of the day, reached 1.208.98 points.
While the banking index gained value by 0.41 at the opening, the holding index gained 0.38 percent. Securities investment trusts were the most profitable among the sector indices with 4.23 percent, while the highest loss was recorded on sports with 1.07 percent.
The BIST 100 index, which closed the day at 1,205.37 points with an increase of 1.06 percent yesterday, achieved the highest closing in 8 months.
In the USA, news about the incentive package and elections are effective in guiding the stock markets; It was reported that domestic markets diverged positively.
Stating that the number of new coronavirus (Covid-19) cases and geopolitical developments are at the center of the agenda, analysts said that today the domestic data agenda is calm and the Treasury’s tenders will be monitored. It was stated that the foreign trade balance in the Eurozone, construction permits and housing starts in the USA will be monitored abroad.
In technical terms, analysts stated that if the BIST 100 index closes over 1.215 points, 1.240 points may come to the agenda and 1.180 points are in support.