Market Watch (Şeker Yatırım)

The BIST 100 Index started Wednesday on a positive trend, maintaining it throughout the day to close at 7,814.16, up 1.78%. The Industrial and Banking Indices rose by 1.15% & 2.47%, respectively. Optimism prevails at the BIST ahead of rating agency Moody's evaluation of Turkey, expected on Friday evening. Seemingly, the view is that we might see a rating increase. Investors will also scope today's meeting of CBRT Governor Erkan with foreign investors in the USA. We do not expect the BIST rise to be long-lasting, as concerns over the high return potential of alternative income instruments, the rise in stock loan interest rates, and inflation accounting, which have negatively affected BIST for a while, remain valid. However, we sharp declines will be considered as buying opportunities in the medium term. We expect banking stocks to continue diverging positively due to the transition to rational policies, the decline in the country risk premium CDS, and expectations that foreign purchases will be led by bank stocks. In global markets optimism fuels risk appetite. While the stock markets completed Wednesday with an increase, this morning the U.S. futures, German DAX futures and Asian Stock Markets are generally on the rise. We foresee the rising trend being maintained in the medium term, as long as interest rate cut expectations in major global stock markets continue, whereby declines will present buying opportunities. The VIOP-30 Index ended the evening session up 0.13%. Locally, we expect the Benchmark Index to start Thursday positively and continue the rise, with any intraday profit-taking inviting further buying. SUPPORT: 7,810 - 7,750 RESISTANCE: 7,960 - 8,040.
Şeker Yatırım Menkul Değerler A.Ş.
www.sekeryatirim.com
 

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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.