The stock market started the day with a decline
Banking and holding indices lost value; The highest increase was seen in the financial leasing factoring sector and the highest loss was seen in the transportation sector
Quick Look
- At Borsa Istanbul, the BIST 100 index gained 1.24 percent and closed at 11,811.19 points.
- The banking index lost 0.40 percent and the holding index lost 0.11 percent.
- In sectors, financial leasing, factoring lost 2.19 percent and transportation lost 0.88 percent.
AI-generated summary
Why It Matters
BIST 100 index in Borsa Istanbul followed a buying-oriented trend the previous day. At the opening today, the index decreased by 5.71 points and 0.05 percent to 11,805.48 points. Analysts stated that the market participants survey and current account balance will be followed domestically, while foreign trade balance and growth in the Eurozone and PPI data in the USA will be followed abroad.
BIST 100 index at Borsa Istanbul, which followed a buying-oriented trend yesterday, closed the day at 11,811.19 points, gaining 1.24 percent in value.
The index dropped to 11,805.48 points at the opening today, with a decrease of 5.71 points and 0.05 percent compared to the previous closing. The banking index lost 0.40 percent and the holding index lost 0.11 percent.
Among the sector indices, the biggest gainer was financial leasing and factoring with 2.19 percent, while the biggest loser was transportation with 0.88 percent.
Analysts stated that today, the market participants survey and current account balance will be followed domestically, while the foreign trade balance and growth in the Eurozone and the Producer Price Index (PPI) in the USA will be followed abroad.
Stating that the PPI data to be announced in the USA may be decisive on the direction of the markets, analysts noted that technically, 11,700 and 11,600 points in the BIST 100 index are support, and 11,900 and 12,000 points are resistance.
Economists participating in the AA Finance Balance of Payments Expectations Survey estimated that the current account will have a surplus of 2 billion 393.8 million dollars in September. Economists predicted that the current account would have a deficit of 45 billion 317 million dollars this year.
What to Watch
AI outlook — possibilities, not facts
US PPI data may be decisive on the direction of markets
Possible · Within days
Current account will have a surplus of 2 billion 393.8 million dollars in September
Possible · Within days
Open Questions
- How much surplus will the current account actually produce in September?
- How effective will US PPI data be on the market?
- Will the BIST 100 index break support and resistance levels in the short term?
