Reaction continues to rise in the stock market

//

Lerato Khumalo

BIST 100 index at Borsa Istanbul gained 1.97 percent in the first half of the day, reaching 10,088.54 points.

BIST 100 index, which had an upward trend in the first half of the day, rose to 10,088.54 points as of 13:00, up 195.13 points compared to the previous close. Total transaction volume was 39.7 billion liras.

The banking index gained 1.11 percent and the holding index gained 1.60 percent.

Among the sector indices, the one that gained the most was mining with 6.43 percent, while the only one that fell was insurance with 0.18 percent.

Analysts stated that markets relaxed somewhat after the data released yesterday in the US and the statements of Fed officials. Analysts stated that risk appetite increased in the markets today with the thought that the correction seen in the markets yesterday, led by Japanese markets, may be excessive, but investors may act cautiously.

Analysts stated that today the CPI-based real effective exchange rate will be followed domestically and the foreign trade balance in the US abroad, and noted that technically, 10,000 and 9,900 points are support and 10,200 and 10,300 points are resistance in the BIST 100 index.