Midday in the markets: How did the stock market perform in the first half of the day? (January 22, 2024)

Stock market rose in the first half of the day

Moving with an upward trend in the first half of the day, the BIST 100 index rose by 57.37 points compared to the previous close, reaching 8,054.06 points as of 13:00. The total trading volume was 36.4 billion liras.

While the banking index lost 1.08 percent in value, the holding index gained 0.5 percent.

Among the sector indices, the financial leasing and factoring sector gained the most at 2.80 percent, while the banking sector saw the biggest loss.

Analysts stated that global equity markets started the week with a mixed trend as uncertainties regarding the future monetary policies of central banks made pricing difficult, adding that interest rate decisions by central banks and a busy data agenda both domestically and abroad have become the focus of investors throughout the week.

Noting that leading index data from the US will be monitored in the afternoon, analysts recorded that from a technical perspective, 8,060 and 8,100 points are resistance levels for the BIST 100 index, while 7,900 and 7,800 levels are support positions.

News Source: AA