The stock market finished the day with an increase
Quick Look
- While the BIST 100 index completed the day with an increase of 149.33 points, the total transaction volume amounted to 134.8 billion lira.
- While banking and holding indices gained value, the metal goods machinery sector became the most profitable sector.
AI-generated summary
Why It Matters
BIST 100 index is followed with the influence of mobility in global markets and employment data in the USA.
While the BIST 100 index increased by 149.33 points compared to the previous closing, the total transaction volume was 134.8 billion lira.
The banking index gained 1.94 percent and the holding index gained 1.01 percent.
Among the sector indices, the one that gained the most was metal goods machinery with 5.39 percent, and the one that lost the most was communications with 2.03 percent.
While technology stocks in the USA recovered following the sales in global markets, Asian and European stock markets, the fact that non-agricultural employment exceeded the forecasts in October strengthened the expectations that the US Federal Reserve (Fed) will increase interest rates in December.
Analysts stated that next week, industrial production, Central Bank of the Republic of Turkey (CBRT) Inflation Report, current balance and CBRT Market Participants Survey will be followed domestically, and abroad, an intensive data agenda, especially inflation data in the USA and China and growth data in the Eurozone, stated that technically, 11,600 and 11,700 points in the BIST 100 index are resistance and 11,400 and 11,300 points are support. noted.
What to Watch
AI outlook — possibilities, not facts
Industrial production and CBRT data will be followed next week.
Very likely · Within weeks
Open Questions
- How will the CBRT Inflation Report affect the markets?
