MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

OUTLOOK:
THE BIST 100 INDEX, WHICH STARTED FRIDAY WITH LIMITED GAINS, STRENGTHENED ITS UPWARD MOMENTUM IN THE AFTERNOON AFTER IRAN’S FOREIGN MINISTER ANNOUNCED THAT ALL COMMERCIAL VESSELS WOULD BE FULLY ALLOWED TO PASS THROUGH THE STRAIT OF HORMUZ DURING THE REMAINING PERIOD OF THE CEASEFIRE IN LEBANON. THE BENCHMARK INDEX REFRESHED ITS RECORD IN TRY TERMS BY REACHING 14,601.12 POINTS TO CLOSE THE DAY AT 14,587.93 POINTS, UP 2.72%. ON THE SECTORAL SIDE, THE INDUSTRIAL INDEX RISE REMAINED LIMITED TO 1.31%, WHILE THE BANKING INDEX POSITIVELY DIVERGED WITH A GAIN OF 5.63%. THE LIQUID BANKING INDEX WAS THE BEST PERFORMER OF THE DAY WITH A 5.66% INCREASE, WHEREAS THE CHEMICAL, PETROLEUM, AND PLASTIC INDEX WAS THE WORST PERFORMER, DECLINING BY 2.05%. THE VIOP INDEX FUTURES CONTRACT CLOSED THE FRIDAY EVENING SESSION AT THE SAME LEVEL AS THE REGULAR SESSION CLOSE. ON A WEEKLY BASIS, THE BIST 100 INDEX GAINED 3.65%, WHILE THE INDUSTRIAL INDEX ROSE BY 3.72% AND THE BANKING INDEX BY 4.11%. INTERNATIONAL CREDIT RATING AGENCY S&P GLOBAL HAS AFFIRMED TURKIYE’S CREDIT RATING AT “BB-/B” WITH A “STABLE” OUTLOOK, NOTING THAT MANAGING ENERGY PRICE SHOCKS AND A RECOVERY IN RESERVES ARE CRITICAL FOR A POTENTIAL RATING UPGRADE. GLOBALLY, FRIDAY WAS MARKED BY STRONG RISK APPETITE IN EQUITY MARKETS. IN EUROPE, GERMANY’S DAX INDEX ROSE BY 2.27% AND THE EURO STOXX 50 INDEX GAINED 2.10%. IN THE U.S., THE DOW JONES INDEX POSITIVELY DIVERGED WITH A 1.79% INCREASE, WHILE THE S&P 500 ROSE BY 1.20% AND THE NASDAQ INDEX BY 1.52%. OVER THE WEEKEND, THE U.S. STRUCK AND SEIZED CONTROL OF AN IRANIAN CARGO SHIP, PROMPTING RETALIATION THREATS FROM TEHRAN AND LEADING TO A REPRICING OF GEOPOLITICAL RISKS IN GLOBAL MARKETS. AS THE CEASEFIRE BETWEEN THE PARTIES REMAINS FRAGILE AND TENSIONS ESCALATE AGAIN, BRENT CRUDE OIL SPOT PRICES ARE TRADING WITH GAINS APPROACHING 4% THIS MORNING. IN EQUITY MARKETS, ASIAN EXCHANGES ARE GENERALLY SHOWING A POSITIVE TREND, WHILE U.S. AND EUROPEAN INDEX FUTURES ARE TRADING IN NEGATIVE TERRITORY. TODAY’S MACROECONOMIC AGENDA HIGHLIGHTS THE CENTRAL GOVERNMENT DEBT STOCK STATISTICS DOMESTICALLY, AND A SPEECH BY ECB PRESIDENT LAGARDE ABROAD. IN THIS CONTEXT, WE EXPECT THE BIST 100 INDEX TO START MONDAY ON A NEGATIVE NOTE AND FOLLOW A VOLATILE INTRADAY COURSE. SUPPORT: 14,400 – 14,300, RESISTANCE: 14,700 – 14,800.


SEKER YATIRIM MENKUL DEGERLER A.S
WWW.SEKERYATIRIM.COM.TR

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YASAL UYARI

BURADA YER ALAN YATIRIM BILGI, YORUM VE TAVSIYELER YATIRIM DANISMANLIGI KAPSAMINDA DEGILDIR.YATIRIM DANISMANLIGI HIZMETI ARACI KURUMLAR, PORTFOY YONETIM SIRKETLERI, MEVDUAT KABUL ETMEYEN BANKALAR ILE MUSTERI ARASINDA IMZALANACAK YATIRIM DANISMANLIGI SOZLESMESI CERCEVESINDE SUNULMAKTADIR.BURADA YER ALAN YORUM VE TAVSIYELER, YORUM VE TAVSIYEDE BULUNANLARIN KISISEL GORUSLERINE DAYANMAKTADIR.BU GORUSLER MALI DURUMUNUZ ILE RISK VE GETIRI TERCIHLERINIZE UYGUN OLMAYABILIR.BU NEDENLE, SADECE BURADA YER ALAN BILGILERE DAYANILARAK YATIRIM KARARI VERILMESI BEKLENTILERINIZE UYGUN SONUCLAR DOGURMAYABILIR.