MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

THE BIST 100 INDEX STARTED THURSDAY`S SESSION ON A NEGATIVE AT 13,172.44 POINTS. AFTER RISING TO 13,250.58 DURING THE FIRST PART OF THE SESSION, THE INDEX CAME UNDER SELLING PRESSURE AND MAINTAINED A PREDOMINANTLY BEARISH TREND FOR THE REMAINDER OF THE DAY. THE BENCHMARK INDEX DECLINED 2.74% ON A DAILY BASIS, CLOSING AT 12,888.33, ITS LOWEST INTRADAY LEVEL. ON A SECTORAL BASIS, THE BANKING INDEX FELL 3.06%, WHILE THE INDUSTRIAL INDEX DECLINED 2.26%. THE COMMUNICATION INDEX REMAINED RELATIVELY RESILIENT, FALLING 1.02% AND POSTING THE STRONGEST PERFORMANCE AMONG THE SECTOR INDICES. MEANWHILE, THE FINANCIAL LEASING AND FACTORING INDEX LOST 8.85%, BEING THE WEAKEST PERFORMER. THE VIOP INDEX CONTRACT COMPLETED THE EVENING SESSION IN POSITIVE TERRITORY, GAINING 0.07% COMPARED WITH THE EARLY SESSION CLOSE. PRESIDENT ERDOGAN STATED THAT THOSE FOUND RESPONSIBLE IN THE FUND INVESTIGATIONS WOULD BE HELD ACCOUNTABLE WITHIN THE FRAMEWORK OF THE LAW, WHILE NOTING THAT THERE WAS NO RISK TO THE FINANCIAL SYSTEM OR THE TURKISH ECONOMY. MEETINGS INVOLVING THE ECONOMIC ADMINISTRATION AND RELEVANT INSTITUTIONS, WHICH BEGAN TO ASSESS THE TECHNICAL DETAILS OF THE LIQUIDATION PROCESS FOR THE FUNDS AND PAYMENTS TO INVESTORS, ARE EXPECTED TO CONTINUE TODAY. ACCORDING TO THE CENTRAL BANK OF THE REPUBLIC OF TURKIYE DATA, IN THE WEEK ENDING SEPTEMBER 18, NON-RESIDENTS RECORDED NET SALES OF USD 109.8 MILLION IN EQUITIES AND USD 116.9 MILLION IN GOVERNMENT DOMESTIC DEBT SECURITIES. DURING THE SAME WEEK, GROSS RESERVES DECLINED BY USD 4.3 BILLION TO USD 174.4 BILLION, WHILE NET RESERVES EXCLUDING SWAPS DECREASED BY USD 6.8 BILLION TO USD 43.1 BILLION. GLOBALLY, U.S. EQUITY MARKETS CAME UNDER PRESSURE DURING THE DAY AMID RISING OIL PRICES AND BOND YIELDS, WHILE THE SESSION ENDED WITH A MIXED PERFORMANCE CLOSE TO FLAT. THE DOW JONES INDEX DECLINED 0.31%, AND THE S&P 500 INDEX FELL 0.02%, WHILE THE NASDAQ INDEX GAINED 0.01%. EUROPEAN MARKETS WERE PREDOMINANTLY LOWER, WITH THE EURO STOXX 50 DECLINING 0.43%, THE GERMAN DAX FALLING 0.57%, THE FRENCH CAC 40 DECREASING 0.52%, AND THE UK FTSE 100 DECLINING 0.24%. ON THE GEOPOLITICAL FRONT, SAUDI ARABIA ANNOUNCED THAT SIX BALLISTIC MISSILES LAUNCHED BY THE HOUTHIS TOWARD THE TAIF AND YANBU REGIONS HAD BEEN INTERCEPTED IN MIDAIR. AS ATTACKS TARGETING SAUDI ARABIA`S ENERGY INFRASTRUCTURE CONTINUED, REPORTS INDICATED THAT THE UNITED STATES AND IRAN WERE NEGOTIATING A PHASED AGREEMENT THAT WOULD INCLUDE THE REOPENING OF THE STRAIT OF HORMUZ AND THE LIFTING OF THE ECONOMIC BLOCKADE. IRANIAN PRESIDENT PEZESHKIAN STATED THAT TEHRAN DID NOT WANT TO CONTINUE THE WAR AND SAID THAT THE UNITED STATES NEEDED TO MAKE THE DECISION REGARDING ENDING THE CONFLICT. MEANWHILE, IN U.S.-CHINA TALKS, THE TWO SIDES REPORTEDLY REACHED AN AGREEMENT TO EXTEND THE TEMPORARY TRADE TRUCE, WHICH IS DUE TO EXPIRE ON NOVEMBER 10, UNTIL JANUARY 10, 2027. AS THE FINAL TRADING DAY OF THE WEEK GETS UNDERWAY, BRENT CRUDE IS TRADING AT AROUND USD 98.6 PER BARREL IN THE SPOT MARKET, DOWN APPROXIMATELY 2.2%. U.S. EQUITY INDEX FUTURES ARE SHOWING LIMITED POSITIVE PRICING, WHILE EUROPEAN FUTURES ALSO POINT TO A POSITIVE OPENING. IN ASIAN MARKETS, JAPAN IS GAINING MORE THAN 1%, WHILE HONG KONG IS DECLINING BY MORE THAN 1%. MARKETS IN MAINLAND CHINA, SOUTH KOREA, AND TAIWAN ARE CLOSED FOR HOLIDAYS. ON THE DOMESTIC MACROECONOMIC DATA CALENDAR, THERE ARE NO MAJOR RELEASES EXPECTED TO SIGNIFICANTLY AFFECT MARKET SENTIMENT TODAY. GLOBALLY, GERMANY`S GFK CONSUMER CONFIDENCE, U.S. DURABLE GOODS ORDERS, AND THE UNIVERSITY OF MICHIGAN CONSUMER SENTIMENT INDEX, ALONG WITH COMMENTS FROM FEDERAL RESERVE OFFICIALS, ARE LIKELY TO BE THE KEY DEVELOPMENTS. WE EXPECT THE BIST 100 INDEX TO OPEN SLIGHTLY HIGHER TODAY AND TO TRADE WITH A VOLATILE BIAS THROUGHOUT THE SESSION.

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.