Stock market opened the week flat

At the opening, the BIST 100 index gained 108.01 points and 0.09 percent, reaching 114,776.42 points.

While the banking index gained 0.01 percent in value, the holding index started the day at the previous closing level. Among the sector indices, the one that gained the most was mining with 0.80 percent, and the one that decreased the most was sports with 1.18 percent.

On the last trading day of last week, the BIST 100 index gained 0.46 percent in value at Borsa Istanbul, which differed positively from the world stock markets, and completed the week at 114,668.41 points.

Analysts said that due to increasing concerns about the new type of coronavirus outbreak in global markets, the news flow on the subject remains at the center of the agenda.

Analysts stated that Friday’s domestic inflation and US employment report stand out on this week’s data agenda, and noted that the Purchasing Managers Index (PMI) data to be published worldwide on Wednesday and the meeting minutes of the US Federal Reserve may also have an impact on the direction of the markets.

Analysts said that technically, the 116,000 level in the BIST 100 index is resistance and 112,000 points is support.

Source: https://www.aa.com.tr/tr/ekonomi/borsa-gune-yatay-basladi-/1893210

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