Market Watch (Şeker Yatırım)

Market Watch - Tuesday, August 8, 2023
Outlook:
The BIST100 Index started Monday on a positive trend, peaked at 7,493, and closed at 7,470.10, up 0.94%. While companies with high FX income such as THYAO and PGSUS led the Index rise the Industrial Index lost 0.05% due to the decline in companies with a high index weight such as SASA. The Banking Index saw a limited rise of 0.40%. Factors such as gradual normalization, continued negative real interest rate policy, and strong foreign inflows continue to support the BIST. In addition, stock-based divergences also support the bourse during the quarterly results period. However, it is quite healthy to experience periodic profit realizations in the BIST-100, which has recorded a sharp rise of over 60% without any significant correction in the post-election period. Risk appetite has weakened in major global stock markets. After Fitch downgraded the U.S. last week, citing budgetary problems, Moody's downgraded 10 small-medium banks in the US. While U.S. and German DAX futures are trading negatively this morning, Asian Stock Markets are mixed. The VIX indicates that selling pressure in the U.S. Stock Markets has increased compared to previous weeks. However, we expect the rise in major global stock markets to continue, with profit sales being limited unless fresh data points to a general recession. The VIOP30 index closed the evening session up 0.17%. Locally, we expect the Benchmark Index to start Tuesday positively, and a continued uptrend as pullbacks offer buying opportunities. SUPPORT: 7,400 - 7,310 RESISTANCE: 7,513 - 7,588.


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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.