The stock market started the week with rising – Bloomberg HT

Among the industry indices, sports earned the highest from 1.92 percent, while metal was the main industry with the most depreciated 0.18 percent.

The BIST 100 index moved in a downward trend on the last trading day of the previous week, completing the day at 119.140.08 points, down 0.59 percent compared to the previous close.

Analysts said concerns about the new type of coronavirus epidemic caused the sharp decline in Chinese markets, which started trading today after the New Year holiday, decreased global risk appetite, but the impact of this development on expectations remained limited in other exchanges.

Emphasizing that the developments in Syria and Libya are at the center of the agenda in terms of geopolitical risk perception, analysts said that the developments related to the subject will be followed after 4 soldiers are martyred in Idlib by the gunner shot by the Regime elements.

Analysts said that the data will be monitored domestically, and the manufacturing industry Purchasing Managers (PMI) data will be followed, and technically, the 119,000 level has reached the support position in the BIST 100 index.

Economists participating in the survey conducted by AA Finans expect the Consumer Price Index (CPI) to increase by 1.14 percent in January. According to the average of economists’ inflation expectations for January (1.14 percent), annual inflation, which was 11.84 percent in the previous month, will increase to 11.92 percent.