BIST 100 index rose to 1.435 points, gaining 0.54 percent in the first half of the day. Markets are waiting for US non-farm payroll data to be released today.
Moving in an upward trend in the first half of the day, the BIST 100 index rose to 1.435 by 0.54 percent compared to the previous close as of 13:30. The total transaction volume was 13.6 billion liras.
In the first half, the banking index gained 2.33 percent and the holding index gained 0.68 percent. Among the industry indices, the highest earning was mining with 4.61 percent, and the most declining was leasing and factoring with 3.51 percent.
Analysts said that despite the growing expectations that interest rates might rise in line with inflation expectations around the world, buyers continued in the stock markets.
Today, analysts emphasized that the data in the Treasury cash balance and the April employment report to be announced in the US abroad may have an impact on the direction of the markets, and that the BIST 100 index is technically at the resistance position of 1,440 points and the level of 1,390 in the support position.
KOÇ ANNOUNCED HOLDING BALANCE
Koç Holding announced a net profit of 2.1 billion TL in the first quarter of 2021. This figure indicates a 39 percent decrease compared to the same period of the previous year, and 28 percent above the market expectation. The market’s expectation was 1 billion 652 million TL. The performance exceeding expectations, especially in the automotive, white goods, energy and banking business lines, was effective in the surpassing of the results. With these announced figures, Koç Holding shares are traded with an increase of 1.18 percent. Tüpraş, a subsidiary of Koç Holding, trades with an increase of 4.31 percent.
AA / Haberglobal.com.tr