Borsa İstanbul started the new week with a decline: the index is seeking direction.

Starting the Day with Sales Pressure on Borsa İstanbul

Fluctuations in global markets and ongoing concerns about high valuations of technology companies continue to create uncertainty among investors. In particular, the weakening expectations for interest rate cuts by the U.S. Federal Reserve (Fed) have led to a downward atmosphere in the markets.

A Warm Start After Last Week

Borsa İstanbul entered the new week with a more optimistic atmosphere after experiencing a significant decline of about %3.28 last week. On Monday, the BIST 100 index closed up by %1.25. However, at today’s opening, the positive momentum reversed under the effect of sales pressure.

Opening Data for BIST 100

At today’s opening, the BIST 100 index decreased by 28.66 points or %0.27 compared to the previous close, falling to 10,669.47 points. The banking index showed a decline of %0.27, while the holding index decreased by %0.12. Sector-wise, the index showing the most significant increase was paper and printing with a %0.53 gain, while the index with the most significant loss was trade with a %0.47 decline.

Expectations for Today's Economic Data

Investors will closely monitor the domestic announcement of the housing price index, unemployment rate, and short-term external debt stock figures. Abroad, important economic indicators such as industrial production, capacity utilization rate, factory orders, and durable goods orders are expected to be released in the U.S..

Technical Analysis Tips

Analysts state that according to the technical outlook of the BIST 100 index, 10,600 and 10,500 levels are identified as support points, while 10,800 and 10,900 points are designated as resistance levels. These levels are critically important for investors and may play a significant role in determining the index's direction.