Ata Yatırım Daily Bulletin: Index Balancing Before Holiday

Author: Mehmet Koral…

Ata Yatırım Daily Bulletin: Index Balancing Before Holiday

On the first trading day of the week, Borsa Istanbul saw a buying trend. Strong purchases in banking stocks supported the index, with the BIST 100 closing at 13,890, up 0.60%. The banking index rose 2.28%, and the industrial index gained 0.99%.

Expectations Before the Holiday

With a shortened trading day due to the holiday, the index is expected to move sideways in a narrow range. Stock-specific movements and sector divergences may be more decisive. No major domestic or Eurozone data is expected, but US Consumer Confidence and housing price indices will be monitored.

Technical Outlook

Technical indicators show continued recovery efforts. If the 50-day moving average at 13,945 is broken, positions can be increased. Initial targets are 14,312 and then 14,532 resistance levels. In case of a pullback, 13,720 will be the first support level.

Impacted Symbols

Symbols affected by this headline and their sentiment signals

XU100Positive

BIST 100 Index

The index closed up 0.60% with strong buying in banking stocks supporting it. Technical indicators point to a recovery effort.

Impact score70%

XU100.USDNeutral

BIST 100 / US DOLLAR

Although the news does not directly affect the dollar-denominated index, the positive trend in the TL-based index may indirectly reflect. However, exchange rate movements will be decisive.

Impact score30%

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