The Borsa Istanbul’s BIST 100 index kicked off the trading day with a 0.52% increase, opening at 9,393.46 points. The positive momentum was highlighted by gains in the banking and holding indices, recording increases of 0.25% and 0.31%, respectively.
During the opening session, the BIST 100 index demonstrated a robust performance, climbing 48.48 points or 0.52% compared to the previous closing, reaching 9,393.46 points.
Among sector indices, the metal main industry led with a remarkable 1.56% gain, while the securities investment partnership sector experienced a modest decline of 0.80%.
Yesterday witnessed a bullish trend in the Borsa Istanbul, where the BIST 100 index concluded the day with a significant 1.62% gain, closing at 9,344.97 points. This marked the highest daily closing in the exchange’s history.
Market analysts attribute the steadfast performance in global equity markets to expectations that the U.S. Federal Reserve, in response to higher-than-expected U.S. inflation, will delay interest rate cuts. As investors await the release of the Fed meeting minutes and Nvidia’s financial results today, the market is experiencing a mixed trajectory.
Today’s domestic data agenda is relatively quiet, while on the international front, analysts note that consumer confidence indices in the Eurozone and the Fed’s meeting minutes in the U.S., along with Nvidia’s financial report, will be closely monitored.
From a technical standpoint, analysts point out that the BIST 100 index faces resistance levels at 9,500 and 9,600, with support levels at 9,300 and 9,200. Investors are advised to closely track these key levels as the market navigates the current landscape.
source: aa.com.tr / prepared by Melisa Beğiç