MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

OUTLOOK:
THE BIST-100 INDEX STARTED TUESDAY POSITIVELY AT 11,473.82, RETREATED TO 11,352.90 AFTER THE OPENING, BUT THEN TURNED POSITIVE WITH BUYING ACTIVITY. STRENGTHENING BUYING TOWARDS THE CLOSE PUSHED THE BENCHMARK INDEX UP TO 11,806.76, AND IT CLOSED THE DAY AT 11,797.70, UP 3.22%. THE BANKING INDEX ROSE BY 1.83% AND THE INDUSTRIAL INDEX BY 2.43%. THE STRONGEST PERFORMING SECTOR INDEX WAS THE TECHNOLOGY INDEX WITH A 5.77% GAIN, WHILE THE WEAKEST WAS THE FINANCIAL LEASING AND FACTORING INDEX WITH A 5.29% DECREASE. TREASURY AND FINANCE MINISTER MEHMET SIMSEK ANNOUNCED THAT 66 OF THE 131 FUNDS UNDER LIQUIDATION HAD BEEN FULLY LIQUIDATED, AND THAT AFTER THE RELEVANT REGULATION IS ENACTED, INTERIM PAYMENTS OF UP TO 1 MILLION TURKISH LIRA WILL BE MADE TO INVESTORS QUICKLY, DEPENDING ON THE FUNDS` RESOURCE SITUATION. SIMSEK STATED THAT HE FOUND MSCI`S STATEMENT REGARDING TURKIYE CONSTRUCTIVE, ITS DEMANDS REASONABLE, AND THE TIME ALLOTTED FOR CORRECTIONS POSITIVE, EMPHASIZING THAT THE ISSUES POINTED OUT WOULD BE ADDRESSED AND THAT THE EFFECTIVENESS OF THE STEPS TAKEN WITH THE FUND GUIDE WOULD BE CRITICAL IN PRACTICE. THE VIOP OCTOBER FUTURES CONTRACT FOR THE NEAR-TERM INDEX CLOSED THE EVENING SESSION WITH A 0.11% LOSS COMPARED TO THE EARLY SESSION CLOSE, EXPERIENCING LIMITED SELLING PRESSURE. ON THE GLOBAL FRONT, A POSITIVE TREND WAS OBSERVED IN U.S. STOCK MARKETS IN GENERAL, SUPPORTED BY CORPORATE EARNINGS AND DECLINING BOND YIELDS. IN U.S. STOCK MARKETS, THE DOW JONES INDEX ROSE 1.02% AND THE S&P 500 INDEX GAINED 0.28%, WHILE THE NASDAQ INDEX DIVERGED NEGATIVELY WITH A 0.02% LOSS. IN EUROPEAN MARKETS, A NEGATIVE OUTLOOK PREVAILED DUE TO THE PROTESTS CENTERED IN FRANCE AND THE SELL-OFF IN INDUSTRIAL STOCKS. THE EURO STOXX 50 INDEX FELL 0.33%, THE GERMAN DAX INDEX 0.06%, THE FRENCH CAC 40 INDEX 0.38%, AND THE UK FTSE 100 INDEX 0.29%. ON THE GEOPOLITICAL FRONT, SENIOR IRANIAN OFFICIALS INDICATED THAT A SHORT-TERM AGREEMENT WAS UNLIKELY DUE TO EXCESSIVE U.S. DEMANDS, WHILE THE IRANIAN REVOLUTIONARY GUARD REPORTED THAT TWO OIL TANKERS STRUCK MINES IN THE STRAIT OF HORMUZ. THESE DEVELOPMENTS HAVE RENEWED CONCERNS OVER ENERGY SUPPLY. AT THE START OF THE NEW DAY, BRENT CRUDE OIL IS TRADING AROUND USD107.5 IN THE SPOT MARKET, UP APPROXIMATELY 1.1%. A POSITIVE OUTLOOK IS OBSERVED IN U.S. FUTURES, WHILE EUROPEAN FUTURES GENERALLY INDICATE A POSITIVE OPENING. ASIAN MARKETS ARE GENERALLY BULLISH. SOUTH KOREA`S KOSPI IS UP APPROXIMATELY 3%, AND JAPAN`S NIKKEI IS UP 1%, SIGNIFICANTLY RECOVERING FROM YESTERDAY`S SHARP LOSSES. HOWEVER, MARKETS IN CHINA AND HONG KONG ARE EXPERIENCING SELLING PRESSURE. TODAY`S MACROECONOMIC DATA AGENDA INCLUDES THE OCTOBER REAL SECTOR CONFIDENCE INDEX AND CAPACITY UTILIZATION RATE IN TURKIYE, AS WELL AS SECOND-QUARTER FINANCIAL ACCOUNTS. ON THE GLOBAL FRONT, KEY DATA INCLUDES UK SEPTEMBER INFLATION AND WEEKLY U.S. OIL INVENTORY FIGURES. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START WEDNESDAY WITH LIMITED POSITIVE MOMENTUM, FOLLOWED BY A VOLATILE INTRADAY COURSE


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.