The Stock Market Started the Day with an Increase: Analysis on BIST 100 and Sectors

The Istanbul Stock Exchange Started the Day with an Increase

In global markets, increasing optimism, particularly regarding potential interest rate cuts announced by the U.S. Federal Reserve (Fed) and the recovery in technology stocks, is brightening the faces of investors on the Istanbul Stock Exchange. The BIST 100 index, which closed at 10,756.27 points with a decrease of 0.53% on Wednesday, made a good start today, reaching 10,856.73 points with a 0.93% increase at the opening.

Sectoral Performance and Important Figures

The banking sector showed a 1.24% increase at the beginning of the day, much to the liking of investors, while the holding index gained 0.90%. Additionally, the transportation sector recorded the highest increase rate at 1.70%. However, the financial leasing and factoring sector experienced a decline of 0.34%, which may indicate that fluctuations in financial markets are still ongoing.

Market Expectations and Analysis

Analysts emphasize that the industrial production figures to be announced today and weekly money and bank statistics have the potential to guide the markets. Moreover, the statements by Fed Chairman Jerome Powell are also expected to be closely monitored in the markets. According to technical analyses, the 11,000 and 11,100 points are emerging as important resistance levels in the BIST 100 index, while the 10,700 and 10,600 points are considered support levels. It may be a protective strategy for investors to take these levels into account when positioning themselves against possible market fluctuations.