Business is booming.

Stock market started the week with a rise

0 21

At the opening, the BIST 100 index rose to 2,392.34 points, gaining 20 points and 0.84 percent compared to the previous close.

The banking index increased by 0.70 percent and the holding index increased by 0.71 percent. In the middle of the section indices, the metal main industry gained the most with 1.90 percent, the only loser was the securities investment stakeholder with 0.18 percent.

While the BIST 100 index decreased by 0.89 percent on Friday, closing at 2,372.35 points, it lost 1.94 percent on a weekly basis.

Analysts stated that the concerns focused on inflation, growth and more tightening push the investors to be cautious and said that the volatility in the markets may remain on the agenda for a while.

Analysts said that the news from the Davos Peak will be the focus of the markets, as well as the meeting minutes of the US Federal Reserve (Fed) and the heavy data agenda. and the credit rating agency Moody’s, which is expected to be made on Friday, will be monitored.

Analysts noted that today, the real sector confidence index, capacity utilization rate and the CBRT’s Market Participant Survey will be followed in the domestic market, the Ifo business world belief index in Germany and the Chicago Fed national activity index in the USA will be followed from a technical point of view, BIST. He mentioned that the levels of 2.350 and 2.290 in the 100 index are in the position of reinforcement and 2,470 points are in the resistance position.

Leave A Reply

Your email address will not be published.