Borsa Istanbul’s BIST 100 index increased by 0.11% to 9,782.32 points in the first half of the day, despite sectoral fluctuations and global market concerns.
Borsa Istanbul’s BIST 100 index posted a modest increase during the first half of the trading day, gaining 0.11% to reach 9,782.32 points. This rise was recorded despite sectoral fluctuations and global concerns, particularly around economic data from the United States. As of 1:00 p.m., the index had climbed 11.16 points from its previous close, with a total trading volume of ₺29 billion.
Daily Sectoral Performance
- Banking Sector: Down by 1.14%
- Holding Sector: Slight decline of 0.12%
In contrast, some sectors saw positive movement:
- Top Gainer: Food and beverage sector with a 2.13% rise
- Biggest Decliner: Mining sector, dropping 1.43%
Market Influences: Focus on U.S. Economic Data
Global markets, especially in the U.S., have been trending negatively due to concerns over economic slowdown. Analysts have pointed to U.S. data releases that fuel these recession fears. This week, inflation data from the U.S. is expected to take center stage, with investors closely monitoring the Fed’s potential moves toward year-end.
U.S. Data and Fed Policy in Focus
The ongoing uncertainty around the Federal Reserve’s policy decisions is keeping markets on edge. Macro-economic data, coupled with official comments, will likely continue to guide market movements.
Afternoon Expectations for Borsa İstanbul
In the afternoon session, analysts recommend paying attention to data from the U.S., including wholesale inventories and consumer inflation expectations. Technically, the BIST 100 index faces resistance at 9,900 and 10,000 points, while support levels are located at 9,600 and 9,500 points.
Summary of Key Points
- BIST 100 Index gained 0.11% in the first half of the day, reaching 9,782.32 points.
- Trading volume: ₺29 billion.
- Top performer: Food and beverage sector with a 2.13% rise.
- Biggest loser: Mining sector, down 1.43%.
- U.S. inflation data and Fed’s potential policy moves are influencing global markets.
- Resistance levels for the index are set at 9,900 and 10,000 points, with support at 9,600 and 9,500 points.
Source: Trthaber / Prepared by Irem Yildiz