Stock market closed the day with rising – Sözcü

Stock market closed the day with rising – Sözcü


BIST 100 index in Borsa Istanbul finished the day at 5,392.31 points, gaining 3.45 percent value.

The stock market finished the day higher.

While the BIST 100 index increased by 179.92 points compared to the previous close, the total transaction volume stood at TL 97.7 billion.

The banking index gained 8.21 percent and the holding index gained 5.34 percent. Among the sector indices, banking was the most profitable, and the most losing was sports with 1.25%.

WHAT ARE ANALYST SAYING?

Analysts said that the risk appetite in global markets has increased with the data indicating that the risk of recession has decreased on a global scale and the expectations that the US Federal Reserve (Fed) may stop interest rate hikes in the summer.

Stating that it is predicted that the Fed will increase interest rates by 75 basis points in the next 3 meetings in the pricing in the money markets, analysts stated that the statements of Fed Chairman Jerome Powell in the Senate tomorrow will be at the center of the markets.

Stating that the Treasury cash balance in the country, foreign trade balance in China, factory orders in Germany and wholesale stocks in the USA will come to the fore on the data agenda tomorrow, analysts said that the levels of 5.200 and 5.100 in the BIST 100 index are technically support and 5.400 points are resistance. noted that there was (AA)

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