Economic Indicators
Factors Affecting the Bourse Agenda
724FinanceFatih Kılıç
The BIST 100 index decreased by 84.52 points compared to the previous close, while the total transaction volume was 152 billion lira. The banking index lost 1.17%, while the holding index gained 0.65%. The mining sector was the biggest gainer with a 3.53% increase, while the trade sector was the biggest loser with a 2.14% decrease.
Impact of Global Markets Global markets initially followed a sales-heavy trend due to increased inflation concerns and the Fed's meeting notes, but later saw a rise in risk appetite with the increase in technology stocks.
Technical Analysis Analysts stated that tomorrow, industrial production in the country and Producer Price Index (PPI) in Japan and Consumer Price Index (CPI) in Germany will be followed, and technically, the BIST 100 index will have support at 14,100 and 14,000 points and resistance at 14,200 and 14,300 points.
Markets are highly sensitive to this situation and the developments in the global economy resulted in a 1.17% value loss. It is predicted that in the coming days, 14,100 and 14,000 points will be support, and 14,200 and 14,300 points will be resistance.