Finance

The Stock Market closed the day with a decline – Economy News

While the BIST 100 index decreased 1.79 points compared to the previous close, the total volume of transactions stood at 15.1 billion TL.

The banking index lost 0.16 percent and the holding index lost 0.11 percent. Among the sectorial indices, tourism with 2.81 percent was the one that gained the most, and metal goods and machinery, the one that fell the most, with 1.53 percent.

Analysts said that after the process of downsizing asset purchases became a bit clearer in the minutes of the US Federal Reserve (Fed) meeting announced yesterday, a strong buying course prevailed in the global stock markets, while TL’s assets were negatively differentiated.

In the minutes of the Fed’s September meeting, it was noted that the reduction in asset purchases could begin in November or December, and that the reduction rate would be $ 15 billion per month, with $ 10 billion in bonds. Treasury and $ 5 billion in mortgages. backed assets.

Analysts, who stated that the statements of the United States Federal Reserve will be followed tomorrow, said that the survey of market participants and the statistics of short-term foreign debt in the country, retail sales in the United States and the index Confidence from the University of Michigan, the foreign trade balance in the euro area will come to the fore on the data agenda.

Analysts pointed out that technically, 1,370 points on the BIST 100 index are in the support position and the 1,440 level is in the resistance position.

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