Peaceful Start on Borsa Istanbul: Current Status of the Index

Global Markets Continue to Face Uncertainty

In global markets, investors are continuing their search for direction amid the critical talks between the USA and China and the interest rate decisions of the Federal Reserve. In this environment of uncertainty, domestic investors are focusing on Borsa Istanbul.

Borsa Istanbul Started the Week Negatively

The BIST 100 index, which gained 7.18% last week, faced selling pressure in the first trading day of the week. Today, the index finished the day down by 0.81%, after initially rising to 10,858.67 points following a sideways opening. At the opening, the BIST 100 index showed an increase of 5.23 points, or 0.05%, compared to the previous close.

Sector Index Performance

Today, the banking index declined by 0.09%, while the holding index increased by 0.22%. The financial leasing and factoring sector, which showcased the most remarkable performance among sector indices, gained 1.38%, attracting the attention of investors. On the other hand, the sector that lost the most value was securities investment partnerships, down by 0.22%.

Technical Analysis and Expectations

Analysts have highlighted data that attract the attention of investors, including the GfK consumer confidence index to be announced in Germany, the Richmond Fed manufacturing index to be published in the USA, and the New York Fed consumer confidence index. From a technical perspective, significant resistance levels for the BIST 100 index are noted at 11,000 and 11,100, while support levels are emerging at 10,800 and 10,700.

Closing Session Information

Borsa Istanbul will be open until 12:40 today due to the eve of Republic Day on October 29. Continuous auction transactions in the stock market will continue until 12:30, and the closing session will be held between 12:30 and 12:40.