Stock market started the day with an increase

//

Lerato Khumalo

BIST 100 index at Borsa Istanbul started the day at 9,780.64 points with a 0.49 percent increase.

At the opening, BIST 100 index increased by 47.46 points and 0.49 percent compared to the previous closing, reaching 9,780.64 points.

The banking index gained 0.66 percent and the holding index gained 0.47 percent.

Among the sector indices, the biggest gainers were banking, trade, mining, food and beverage with 0.66 percent, while the only loser was insurance with 0.16 percent.

BIST 100 index at Borsa Istanbul, which followed a sales-oriented trend yesterday in the country, finished the day at 9,733.17 points, losing 1.79 percent of its value.

While global markets are showing a mixed trend due to uncertainties about the effects of the steps to be taken by the Donald Trump administration, which will take office on January 20, and concerns that inflationary pressures may gain strength again, all eyes are on the Producer Price Index (PPI) data to be announced in the USA today.

Analysts stated that today the data agenda is calm in the country and PPI will be followed abroad in the USA, and stated that technically, 9,900 and 10,000 points in the BIST 100 index are resistance, and 9,700 and 9,650 levels are support.