Borsa İstanbul Kicks Off the Day on a Positive Note: Which Stocks Stepped into the Spotlight at Opening?

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Borsa İstanbul Kicks Off the Day on a Positive Note: Which Stocks Stepped into the Spotlight at Opening?

The BIST 100 index started the day with a 0.33% increase at 10,132.38 points. The BIST 100 index closed the previous trading day down 1.54% at 10,099.03 points. During the day, the index saw a low of 10,078.81 and a high of 10,276.73 points, and it is currently around the $290 mark in dollar terms.

In the BIST 100, 16 stocks gained value while 82 stocks lost value yesterday. The daily trading volume of the index was 105.19 billion TL, accounting for 72.16% of the total volume. Following strong buying in the BIST, profit-taking became prominent yesterday. Investors in Borsa Istanbul reacted strongly to the effects of developments in Syria at the beginning of the week, while profit sales replaced buying during yesterday's trading.

One of the key topics that attracted attention in the markets yesterday was the first meeting held by the Minimum Wage Determination Commission. No conclusions were reached from the meeting. The lack of results from the initial discussions was expected, and it was announced that the next meeting would take place on December 16.

Another prominent topic yesterday was the unemployment rate data. According to TÜİK data, Turkey's unemployment rate increased by 0.1 percentage point in October to 8.8%. The unemployment rate among the youth population fell to 16.6%. The inactive labor force rate rose by 1.9 percentage points from the previous month to 27.6%.

Borsa Istanbul continued the new day with a slightly positive and flat outlook, while the trade and services index emerged as prominent sector indices in the first hour. Banking, metals, and SMEs were among the sectors that started the day in negative territory. The stocks that opened strongly in the BIST 100 include:

  • BIMAS
  • MGROS
  • LMKDC
  • FROTO
  • KTLEV

On the other hand, the stocks that started the day with declines in the BIST 100 include:

  • PEKGY
  • KLSER
  • KCAER
  • TUKAS
  • CWENE

Overall, in Borsa Istanbul, DERHL, VKING, and USAK were the biggest gainers at the opening. Along with PEKGY, GLBMD and DIRIT were among the biggest decliners.

In the domestic foreign exchange market, the dollar/TL continued its moderate rise, reaching a record high of 34.88 in the first hours of the day. The pair traded at 34.87 in the morning hours. The Euro/TL remained flat at 36.68, while the price of gram gold increased by 0.8% to reach 3,016 TL.

Today, the focus in foreign markets will be on US inflation data. Asian indices are preparing to close the day with mixed trends. In Europe, futures indices are in negative territory prior to market opening. European indices also exhibited a negative trend in yesterday's trading. US indices closed in the red yesterday, and in the morning hours, futures are reflecting the indecisiveness in the market.