At the opening, the BIST 100 index increased by 12.99 points and 0.12 percent compared to the previous close, reaching 11,152.32 points. The banking index increased by 0.04 percent and the holding index increased by 0.12 percent. Among the sector indexes, the biggest gainer was the securities investment trust with 1.27 percent, while the biggest loser was tourism with 0.30 percent.
Following a bullish course yesterday, the BIST 100 index at Borsa Istanbul closed the day with a 0.67 percent increase at 11,139.34 points, achieving a record closing and reaching its highest level at 11,188.12 points. According to analysts, the expectation that the US Federal Reserve (Fed) will cut interest rates twice this year has increased risk appetite in US stock markets, while the search for direction continues in Asia and Europe.
Today, a busy data agenda will be followed, including housing sales statistics in the country, inflation in the Eurozone, construction permits in the US and the Fed’s Beige Book Report. Technically, it is stated that 11,250 and 11,350 points are resistance in the BIST 100 index, while 11,000 and 10,900 are support levels.
Highlights
- BIST 100 index increased by 0.12 percent to 11,152.32 points.
- The banking index increased by 0.04 percent and the holding index increased by 0.12 percent.
- The sector that makes the most profit: Securities investment trusts (1.27%)
- The sector that lost the most: Tourism (0.30%)
Data Agenda
| Domestic | Abroad |
|---|---|
| Housing sales statistics | Inflation in the Eurozone |
| – | Building permits in the USA |
| – | The Fed’s Beige Book Report |
