Business

Stock market started the day with an increase of 0.46%

BIST 100 index in Borsa Istanbul started the day at 2,538.89 points with an increase of 0.46%.

At the opening of Borsa Istanbul, the BIST 100 index rose to 2,538.89 points, gaining 11.75 points and 0.46% compared to the previous close.

While the banking index increased by 0.22%, the holding index decreased by 0.08%. Among the sector indices, transportation with 2.01% gained the most, financial leasing and factoring with 0.28% lost the most.

After moving in an upward trend yesterday, the BIST 100 index closed the day at 2,527.15 points with a 3.62% gain.

The decrease in the number of cases supports the markets

Analysts said that the decline in the number of cases in China supported the global stock markets, with the inflation and growth concerns being pushed into the background.

Analysts, who stated that the news flow about the meeting of US President Joe Biden and US Federal Reserve Chairman (Fed) Jerome Powell will be followed today, said that growth and foreign trade statistics in the country, consumer confidence index in the USA and inflation in the Euro Zone stand out in the data agenda.

Analysts said that technically, 2,390 points in the BIST 100 index are support, 2.550 and the historical peak of 2.562 are in the resistance position.

Economists participating in the expectations survey of AA Finans predict that the Gross Domestic Product (GDP) will increase by 7.2% in the first quarter. The average of economists’ growth expectations for the whole of 2022 was 3.5%.

Source: Trthaber / Translated by Irem Yildiz

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