Stock market closed the week with records

Stock market closed the week with records
Stock market closed the week with records

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Stock market closed the week with records bıst 100 index in borsa ıstanbul completed the day at 5.005.30 points with an increase of 3.08 percent and realized the highest weekly close of all time.
While the bıst 100 index increased by 149.38 points compared to the previous close, the total transaction volume stood at tl 95.6 billion.

The banking index gained 3.45 percent and the holding index gained 2.01 percent. Among the sector indices, the highest earner was construction with 5.31 percent, and the only loser was insurance with 0.60 percent.

Analysts said that the recovery trend in the stock markets came to the fore with china’s steps to abandon its “zero case” policy within the scope of the covıd-19 epidemic and data pointing to the slowdown in the us labor market.

Pointing out that investors are maintaining their cautious stance before the us federal reserve’s (fed) meeting next week, analysts reported that the bank’s expectations for a 50 basis point rate hike still remain strong.

Analysts, who stated that the fed, stock market closed the week with records european central bank (ecb) and bank of england (boe) interest rate decisions will be in the focus of the markets next week, the data agenda includes the balance of payments, industrial production, budget balance, housing sales and the central bank of the republic of turkey (cbrt) market participants survey. Stated that the intense data agenda will be followed abroad, particularly inflation in germany, the usa, the uk and the euro zone, industrial production and retail sales in china, and the purchasing managers ındex (pmı) to be announced in europe and the usa.

Analysts noted that technically, 4.850 and 4.730 levels in the bıst 100 index are in the support position and 5.100 points are in the resistance position.

Economists participating in the aa finans ındustrial production expectation survey expect the calendar adjusted industrial production index to decrease by 0.3 percent in october compared to the same period of the previous year.

Economists predict that the unadjusted industrial production index will also decrease by 0.2 percent year-on-year in october.

Stock market closed the week with records economists, who expect the current account to have a deficit of 1 billion 869 million dollars in october, predict that the current account will have a deficit of 48.9 billion dollars at the end of 2022.

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