BIST 100 index on Borsa Istanbul lost 0.55 percent in the first half of the day, falling to 10,737.25 points.
BIST 100 index, which was in a downward trend in the first half of the day, decreased by 59.32 points compared to the previous close at 13:00 and fell to 10,737.25 points. Total transaction volume was 44.7 billion liras.
The banking index lost 1.69 percent and the holding index lost 0.18 percent.
Among the sector indices, the one that gained the most was food and beverages with 1.52 percent, while the one that fell the most was mining with 3.11 percent.
Analysts said that global stock markets followed a mixed course yesterday after US Federal Reserve (Fed) Chairman Jerome Powell emphasized that they were looking for “more good data” for a rate cut, and that Powell’s statements continued to be the focus of investors today.
Powell said on Wednesday that first-quarter data did not support greater confidence, adding: “However, the latest inflation data showed further modest progress, and further good data would strengthen our confidence that inflation is moving sustainably toward 2%.”
Analysts, who reported that in the afternoon, data on wholesale goods stocks in the US as well as Powell’s statements in the House of Representatives will be followed, noted that from a technical perspective, the 10,700 and 10,600 levels in the BIST 100 index are support, while 10,900 and 11,000 points are resistance.