Record high in the stock market

Market activity continues. While the unstoppable growth of foreign exchange continued, the Borsa Istanbul BIST 100 index broke an all-time record.

On the Borsa Istanbul Exchange, the BIST 100 rose 0.46 percent to end the day at 5,759.11 points, the highest daily and weekly close of all time, pushing its record high to 5,766.58 points.

While the BIST 100 index rose 26.25 points from the previous close, the total transaction volume was realized at 29.6 billion liras.

While the banking index depreciated by 0.86 percent, the holdings index remained at the same level.

Among sectoral indices, securities investment partnerships gained the most with 5.02%, while banking services lost the most.

Due to the fact that today is the eve of the stock market, the stock markets were continuously traded until 12.30, and the session closed between 12.30-12.40.

Analysts said global equity markets continue to search for direction due to uncertainty over the monetary policy of central banks, especially the US Federal Reserve (FRS).

Saying that signals from macro data around the world continue to weigh on pricing, analysts said a more intense data calendar from today is expected to have an impact on the direction of markets and that investors are also watching the announcements closely. central bank officials.

Analysts said building permits, new home sales, durable goods orders, consumer confidence and the Richmond Fed’s manufacturing index will be released today.

Fed Chairman Jerome Powell’s statements this week, US growth, personal income and spending, German inflation, Chinese industrial profits, Eurozone inflation, consumer confidence, Japanese and UK industrial production plan, next week’s inflation, the results of the meeting of the Monetary Policy Committee of the Central Bank of the Republic of Turkey, the Purchasing Managers’ Index (PMI) of the manufacturing industry and the balance of the Treasury’s cash, as well as the Fed’s Federal Open Market Committee (FOMC) meetings abroad. He said he would be keeping an eye on a busy data agenda, especially US nonfarm payrolls, the ADP jobs report, factory orders, German industrial production, eurozone retail sales and manufacturing PMI. producer price index (PPI) to be announced worldwide.

Analysts note that technically the level of 5,850 in the BIST 100 index is resistance, while 5,700 and 5,600 points are in a support position.