Market Watch (Şeker Yatırım)

The BIST100 Index started the half-trading day (June 27) with a slightly negative trend, but then continued amid buyers. The Benchmark Index renewed a record at 5,766.58, to close the day at 5,759.11, up 0.46%. While the Industrial Index diverged positively, up 0.99%, the Banking Index decreased by 0.86%. In the short week, the BIST100 was up 3.16%, the Industrial Index by 4.04% and the Banking Index by 1.90%. The BIST has tested new peak levels in TRY terms on a sharp rise within a short period of time with an end to election uncertainty and the anticipated resumption of orthodox policies. Yet the Index remains close to the lowest levels of the past six months in dollar terms on sharp TL depreciation. In terms of the BIST100, we think that the rise, led by exporters and/or companies with high foreign currency assets, that are positively affected by the rise in exchange rates and the ongoing negative real interest policy will continue in the short term, presenting a buying opportunity despite profit-taking. In the medium term, we think that market direction will become clear once the steps to be taken and the economic program to be followed become clearer. After limited profit-taking in major global stock markets, risk appetite strengthened again as last week's economic data alleviated recession concerns. Weekly rises of 2-3% were recorded in those markets. The strong course of global risk appetite seems set to prevail unless weak data points to a recession. While U.S. futures are mixed this morning, German DAX futures and Asian Stock Markets are on a bullish course. The VIX being near 13 points to low volatility and selling pressure in the U.S. Stock Markets. Locally, we expect the Benchmark Index to start Monday positively sustaining the uptrend. SUPPORT: 5,692 - 5,603 RESISTANCE: 5,785 - 5,870.
Şeker Yatırım Menkul Değerler A.Ş.
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                               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.