Market Watch (Şeker Yatırım)

Outlook:
The BIST100 Index started Thursday on a positive trend, closing the day at 7,917.93, up 0.14%, despite the strong 3.64% decline of the Banking Index. Stock- and sector-based divergences continue in the Benchmark Index. This outlook indicates that the uptrend has lost momentum in the short term and the risk of profit-taking, albeit limited, has increased. Yet profit sales remain limited as the BIST is an investment tool without alternatives among TRY-based assets in the environment of high inflation and high negative real interest rates. Due to the short-term loss of momentum in foreign purchases we think that a fluctuating and weak course may be formed with short-term index rises prompting profit sales. That said, unless there is a rise in deposit rates that satisfies TL investors, potential profit sales are expected to be limited and in turn lead to buying. Thus, the upward trend is expected to continue in the medium term. For the short-term we expect to see sector- and stock-based divergences. Global risk appetite has been weak for a while, and major stock markets closed the day with a mixed outlook with negative weight. Risk appetite in major stock markets is expected to remain weak until the Fed's interest rate decision. If the employment data to be announced in the USA today is stronger than foreseen, Fed interest rate expectations will strengthen and sales in major stock markets and risky assets may be expected. Relative to the BIST close, U.S. futures were slightly negative, while German Dax futures were flat. The VIOP-30 index closed the evening session up 0.26%. After the Chinese central bank's lowering of reserve requirement rates and strong PMI data, a positive-weighted course is dominant in Asian stock markets. Locally, we expect the Benchmark Index to start Friday with a positive trend, in turn presenting a selling opportunity. A fluctuating course is expected. SUPPORT: 7,837 - 7,747 RESISTANCE: 8,014 - 8,130.

Şeker Yatırım Menkul Değerler A.Ş.
www.sekeryatirim.com
 

                                  ***
                               Yasal Uyarı
 
  Burada yer alan yatırım bilgi, yorum ve tavsiyeler yatırım danışmanlığı kapsamında değildir.Yatırım danışmanlığı hizmeti ; aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı sözleşmesi çerçevesinde sunulmaktadır.Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır.Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabılır.Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.