Borsa İstanbul Completed the Day with Loss: BIST 100 Declined

Sales Pressure Continues on Borsa Istanbul

In global markets, the increasing optimism regarding the Federal Reserve's (Fed) easing measures and the announcement of strong corporate earnings have raised investor risk appetite, while concerns over US-China trade tensions have caused volatility in the markets. In this context, the Borsa Istanbul, which had been experiencing a negative outlook for weeks, briefly changed yesterday but returned today.

BIST 100 Index Ends the Day with a Loss

On Wednesday, the BIST 100 index provided morale to its investors with a 1.44% rise, but today it opened with a decline of 26.68 points (%0.25), retreating to 10,437.80 points. The banking index lost 0.27%, while the holding index decreased by 0.41%. On a sectoral basis, the forest paper printing index rose by 0.39%, while the metal main industry suffered the most loss at 1.01%.

Sales Gained Momentum in the Afternoon

Although the BIST 100 index started the day weakly, it managed to recover in the first half of the day, reaching up to 10,475.92 points. The index, which peaked at 10,562.29 points, shifted its direction downwards with the sales that came in the afternoon. By the end of the day, it lost 0.90% in value, falling to 10,370.78 points, and tested its lowest level at 10,335.21 points. Analysts indicate that technically, 10,600 and 10,700 points are resistance levels, while 10,400 and 10,300 points are support levels.

Exit of Foreign Investors Continues

According to domestic data, the exit trend of foreign investors in the stock market continues. Foreign residents made a net sale of $109.7 million last week, while the previous week's figure was $84.1 million. Additionally, the Central Bank reported that total reserves increased by $3 billion 518 million to reach $189 billion 734 million in the week of October 10. This situation is evaluated as a factor that boosts confidence in the markets.