BIST 100, Turkey's leading index, started the day with a new record in the evening hours after the interest rate decision announced by the Federal Reserve (FED). Investors observed with satisfaction that FED's interest rate hike, which happened as expected, did not have a negative impact on the Turkish stock market. Despite a slight decline due to profit-taking on Tuesday, the index quickly recovered and reached new heights on Thursday, starting the day above the psychological resistance level of 6,800 points. However, maintaining sustainability above certain levels is crucial for the index to continue its upward trend.
Impact of the Interest Rate Decision on BIST 100:
The Federal Reserve (FED) raised its target interest rate by 25 basis points, reaching a record of 5.25% - 5.50%, the highest in 22 years. However, this interest rate hike by the FED did not have a negative effect on the Turkish stock market, and BIST 100 continued its strong performance.
Strong-Performing Sectors:
Technology, finance, and energy sectors are showing robust performances in BIST 100 recently. Technology companies stand out with their digital transformation and innovation efforts, while the finance sector is supported by the economic recovery and increased demand for credit. The energy sector, on the other hand, benefits positively from the rise in global energy prices.
Key Points for Investors:
Despite the rise in BIST 100, careful portfolio management and sectoral diversification are important for investors. Given the constant volatility of markets, conducting thorough research and analysis, seeking expert opinions, and staying updated with current developments are among the factors that contribute to successful investment decisions. #interestrate #turkey
In Summary:
BIST 100, Turkey's leading index, continues its strong performance following the interest rate decision announced by the Federal Reserve (FED). The strong performances in the technology, finance, and energy sectors are noteworthy, and careful portfolio management and sectoral diversification are essential strategies for investors. Considering market volatility, conducting thorough research and analysis, following expert opinions, and staying updated with current developments play a critical role in achieving investment success. #feds #BIST100