The stock market finished the day with an increase
Quick Look
- BIST 100 index closes with a transaction volume of 137.9 billion lira, increasing by 144.77 points compared to the previous closing.
- The metal goods machinery index lost 4.37 percent and the mining index lost 2.36 percent.
- CBRT increased its year-end inflation forecast from 28 percent to 29.5 percent.
AI-generated summary
Why It Matters
BIST 100 index closes with a transaction volume of 137.9 billion lira, increasing by 144.77 points compared to the previous closing. While the banking index lost 0.70 percent of its value, the holding index gained 1.02 percent. Among the sector indices, the one that gained the most was metal goods machinery with 4.37 percent, and the one that lost the most was mining with 2.36 percent. While the resignation of Nvidia CEO Jensen Huang increased the selling pressure in technology stocks in global markets, European stock markets remained positive with the support of strong company balance sheets. Domestically, the BIST 100 index in Borsa Istanbul completes the day on a positive note, with widespread purchases parallel to the European stock markets. The Central Bank of the Republic of Türkiye (CBRT) increased its year-end inflation forecast from 28 percent to 29.5 percent.
While the BIST 100 index increased by 144.77 points compared to the previous closing, the total transaction volume was 137.9 billion lira.
While the banking index lost 0.70 percent of its value, the holding index gained 1.02 percent.
Among the sector indices, the one that gained the most was metal goods machinery with 4.37 percent, and the one that lost the most was mining with 2.36 percent.
In global markets, the resignation of Nvidia CEO Jensen Huang increased the selling pressure in technology stocks, while European stock markets remained positive with the support of strong company balance sheets.
Domestically, the BIST 100 index in Borsa Istanbul is completing the day on a positive note, with widespread purchases parallel to the European stock markets. The Central Bank of the Republic of Turkey (CBRT) increased its year-end inflation forecast from 28 percent to 29.5 percent.
Analysts stated that the market participants survey and current account balance will be followed in the country tomorrow, and the foreign trade balance and growth in the Eurozone and the Producer Price Index (PPI) in the USA will be followed abroad, and noted that technically, 11,900 and 12,000 points in the BIST 100 index are in a resistance position, while 11,700 and 11,600 points are in a support position.
What to Watch
AI outlook — possibilities, not facts
BIST 100 index may encounter resistance at 11,900 and 12,000 point levels and support at 11,700 and 11,600 point levels.
Possible · Within days
It is expected that the market participants survey and current account balance will be followed in the country tomorrow, while the foreign trade balance and growth in the Eurozone and the Producer Price Index (PPI) in the USA will be followed abroad.
Very likely · Within days
Open Questions
- What is the full closing score of the BIST 100 index?
- What will be the impact of the CBRT's increase in inflation forecast on the markets in the short term?
- What are the reasons for the resignation of Nvidia CEO Jensen Huang?
