Stock market closed the day with a decline – Sözcü

BIST 100 index in Borsa Istanbul finished the day at 5,121.57 points, depreciating by 1.65%.

While the BIST 100 index decreased by 85.75 points compared to the previous close, the total transaction volume was realized as 76.1 billion liras.

While the banking index gained 0.55 percent, the holding index lost 2.10 percent. Among the sector indices, securities and investment partnerships gained the most with 1.30 percent, and communication with 5.63 percent lost the most.

Analysts stated that the spread of concerns about the banking sector in the USA to Europe has increased the risk perception in global markets.

Analysts, who stated that the selling pressure spread to the whole market after the Saudi National Bank, the largest partner of the Swiss-based Credit Suisse bank, announced that they would not increase its capital, the analysts said that if Credit Suisse, which is the second largest bank in Switzerland, gets into trouble, the banking sector across Europe may face significant risks. stated.

While these developments increased the volatility in the pricing in money markets, the expectations that the European Central Bank (ECB) would increase interest rates by 50 basis points decreased to 43 percent.

Analysts, who say that the European Central Bank’s (ECB) interest rate decision will be at the center of the markets tomorrow, said that the data agenda includes housing price index, weekly money and bank statistics in the country, weekly unemployment applications in the USA, housing starts and construction permits abroad, in Japan. He noted that the balance of industrial production and foreign trade will come to the fore.

Analysts said that technically, 5,300 points in the BIST 100 index are in the resistance position and the 5.100 level is in the support position. (AA)