The Stock Market Launched The Day With A Rise

The Stock Market Launched The Day With A Rise The stock market launched the day with a rise. BIST 100 index in Borsa Istanbul increased by 0.23 percent and started the day with 1,102.16 points. At the beginning of the day BIST 100 index gained 2.48 points and 0.23 percent increased in value and reached 1.102,16 points. While the banking index increased by 0.39 percent at the opening; holding index increased by 0.31 percent. Among the industry indeces, sports were the most profitable with 7.68 percent; Electricity recorded the highest loss with 0.28 percent. On Wednesday, especially after the middle of the day, with the intensified purchases in energy stocks, the BIST 100 index gained 0.93 percent and closed the day with 1,099.68 points. Indicating that domestic unemployment data will be monitored today, analysts stated, data from the United States in addition to the interest rate decision of the European Central Bank (ECB) and the statements of ECB President Christine Lagarde will be monitored. Stating that the ECB is not expected to change interest rates, analysts said that Christine Lagarde's statements are eagerly awaited due to the highly valued euro. On the other hand, it was reported that the news about the coronavirus (Covid-19) vaccine and the geopolitical developments centered on the Eastern Mediterranean remained at the center of the agenda. In addition, analysts underlined that due to the "excessive volatility" observed in technology stocks in the USA, the volatility in these stocks will determine the risk perception internationally. Analysts argue that 1,120 points stand out as resistance in the BIST 100 index; He noted that 1.090 and 1.070 levels are in the support position.