Stock market opens with gains (September 24, 2024)

The stock market opened with gains.

At the opening, the BIST 100 index rose by 23.66 points and 0.24 percent compared to the previous close, reaching 9,911.41 points.

The banking index gained 0.23 percent and the holding index gained 0.17 percent. Among sector indices, the metal main industry was the top gainer with 1.48 percent, while tourism was the biggest decliner with 0.40 percent.

Yesterday, following a sell-heavy trend, the BIST 100 index at Borsa Istanbul closed the day with a 0.13 percent loss at 9,887.75 points.

In global markets, while questions remain regarding the scale of the steps the US Federal Reserve (Fed) will take in the coming period, expectations that the US economy could achieve a "soft landing" are fueling risk appetite.

Analysts stated that today, the real sector confidence index and capacity utilization rate will be monitored domestically, while the Ifo business climate index in Germany, the housing price index in the US, the New York Fed consumer confidence index, and the Richmond Fed manufacturing index will be followed abroad. They noted that from a technical perspective, the 10,010 and 10,130 levels are resistance points for the BIST 100 index, while 9,840 and 9,730 points serve as support.

News Source: AA