The stock market ended the day with a sharp decline.

While the BIST 100 index decreased by 407.08 points compared to the previous close, the total transaction volume was realized at the level of 123.9 billion liras.

The banking index lost 9.20 percent and the holding index lost 7.34 percent. While all sector indices regressed, the biggest loser was construction with 9.52 percent.

On the other hand, the index-linked circuit breaker system was activated twice in Borsa Istanbul.

Analysts stated that although the message that the recession concerns will be followed more closely in the upcoming meeting minutes of the US Federal Reserve’s (Fed) meeting in global stock markets was initially perceived as positive, the risk perception in the markets remained strong.

Analysts pointed out that the minutes did not give a clear signal about the final interest rate, although it showed that the ‘hawkish’ attitude was preserved, adding that this situation increased the importance of the statements made by the Fed officials.

Analysts stated that the treasury cash balance in the country, the employment report in the USA abroad, factory orders, inflation in the Euro Area, consumer confidence index, and the service sector Purchasing Managers Index (PMI) in Japan will be followed on the data agenda tomorrow. Technically speaking, he noted that the 5,250 level in the BIST 100 index is in the resistance position and the 4,930 point in the support position.