The stock market finished the day with an increase – Sözcü

The stock market closed the last business day of the week with an increase of nearly 1 percent.


The stock market finished the day with an increase

BIST 100 index at Borsa Istanbul closed the day at 8,026.27 points, gaining 0.98 percent in value.

While the BIST 100 index increased by 77.67 points compared to the previous closing, the total transaction volume reached 81.5 billion lira.

The banking index gained 3.20 percent and the holding index gained 0.22 percent.

Among the sector indices, the biggest gainer was transportation with 3.26 percent, and the biggest loser was financial leasing factoring with 1.91 percent.

Analysts stated that in the global stock markets, investors are focusing on the statements to be made today by US Federal Reserve (Fed) Chairman Jerome Powell, and that the domestic markets are on the rise today as the international credit rating agency Standard & Poor’s (S&P) changed Turkey’s rating outlook to “positive”. He said it was positive.

Yesterday, S&P revised Turkey’s credit outlook by making an off-calendar essment due to recent policy regulations. S&P confirmed Turkey’s credit rating as “B” and changed its credit rating outlook from “stable” to “positive”.

On the other hand, while the Central Bank of the Republic of Turkey (CBRT) continues its steps to transform the banking system in a way that makes the Turkish lira (TL) attractive, the CBRT’s communiqués on the subject were published in the Official Gazette.

Next week, domestic inflation, treasury cash balance, abroad, non-agricultural employment in the USA, ADP private sector employment, factory orders, growth in the Eurozone, Producer Price Index (PPI), growth in Japan, inflation in Germany, China. Stating that the intense data agenda, especially the foreign trade balance, will be followed in the future, analysts noted that technically, 8,100 and 8,200 levels in the BIST 100 index are resistance, while 8,000 and 7,900 points are support.

Economists participating in the AA Finance Inflation Expectations Survey predicted that the Consumer Price Index (CPI) would increase by 3.68 percent in November. According to the average inflation expectations of economists for November, annual inflation, which was 61.36 percent in the previous month, is calculated to increase to 62.61 percent.

On the other hand, economists’ year-end inflation expectation was 66.80 percent in November. (AA)

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