Following a horizontal course yesterday, Borsa Istanbul’s BIST 100 index completed the day at 11,666.42 points.
The index rose to 11,675.26 points at the opening today, with an increase of 8.84 points and 0.08 percent compared to the previous closing. While the banking index gained 0.80 percent in value, the holding index lost 0.41 percent.
Among the sector indices, banking was the one that gained the most, and securities investment trust was the one that lost the most, with 0.99 percent.
Risk appetite increased in global markets yesterday with the rise in the shares of technology companies resulting from expectations that demand for artificial intelligence products may increase.
The financial results of the US cloud computing company CoreWeave, which were announced above expectations, and the expectation that Anthropic could reach a higher company valuation than anticipated in its public offering, were among the most important factors that triggered the rise in technology stocks yesterday.
Domestically, the Central Bank of the Republic of Turkey (CBRT) announced that it made changes to the reserve requirement application and increased the eight-week loan growth limits in order to support macrofinancial stability and monetary transmission mechanism.
With the regulation, the eight-week growth limit for consumer and vehicle loans extended to consumers was increased from 3 percent to 3.5 percent. The limit for Turkish lira loans granted to SMEs was increased from 5 percent to 5.5 percent, and for Turkish lira loans granted to businesses other than SMEs, it was increased from 2 percent to 2.5 percent.
On the other hand, MSCI, one of the global index providers, announced the index changes around the world and reported that 2 new stocks were added to Türkiye’s small-scale companies index and 18 stocks were removed.
Analysts stated that the last Inflation Report of the year and the weekly money and bank statistics to be announced by the CBRT in the country today, and the intense data agenda abroad, especially growth in the UK and weekly unemployment benefit applications in the USA, will be followed. They noted that technically, 11,800 and 11,900 points in the BIST 100 index are resistance, while 11,600 and 11,500 points are support.
