Stock market surges in morning trading
The BIST 100 index saw a positive trend in the first half of the day, increasing by 89.37 points compared to the previous close, reaching 10,941.15 points by 13:00. The total transaction volume amounted to 44 billion liras.
Among the sector indexes, the banking index gained 1.29 percent, while the holding index experienced a slight decrease of 0.17 percent. The stone and soil index performed the best, gaining 2.72 percent, while the sports index faced a loss of 2.86 percent.
Market analysts are closely watching global stock markets, which are struggling to find direction due to mixed signals from the macroeconomic data released in the US. As the week begins, they are proceeding cautiously, monitoring the statements of US Federal Reserve Chairman Jerome Powell and the busy data agenda ahead.
In the afternoon, investors will be focusing on consumer inflation expectation data in the US. From a technical standpoint, analysts point out that the resistance levels for the BIST 100 index are at 11,000 and 11,100 points, while the support levels are at 10,800 and 10,700 points. It will be crucial to observe how these levels influence market movements in the coming days.
