Market Watch (Şeker Yatırım)

The BIST100 Index started Thursday on a positive trend, peaked at a record 7,766, but closed the day at 7,441.50, down 2.09%. Stocks with high index weight such as TCELL, SASA, EREGL, and SISE led the decline. While the Industrial Index declined by 3.32%, the Banking Index diverged somewhat positively, down 1.22%. Factors such as gradual normalization, the continuation of the negative real interest rate policy and strong foreign inflows continue to support the BIST. However, we think that BIST-100, which has recorded a sharp rise of nearly 70% in the post-election period without any significant correction, may experience occasional profit realizations as the balance sheet period approaches its conclusion. In major global stock markets U.S. CPI inflation data was followed yesterday. As the data came in at 3.2%, slightly below expectations of 3.3%, there was limited support for risk appetite. Yesterday, the U.S. and European Stock Markets ended with limited gains. U.S. futures remain positive this morning, while German DAX futures are slightly negative. The VIX is close to 15, indicating that selling pressure in the U.S. Stock Markets has increased compared to the previous weeks. Although the recent downgrade of the U.S. credit rating and weak data from Asia have pressured risk appetite, we expect the rise in major global stock markets to continue with limited profit sales unless data points to a recession. Today we expect July's PPI inflation data from the USA to impact risk appetite. Domestically, balance of payments statistics for June will be published. The market expectation is that the current account balance will yield a surplus of USD 300mn for June. We expect a current account surplus of USD 475mn in light of the leading trade and services balance. The VIOP30 Index closed the evening session up 0.18%.The Index started the day with a slightly positive trend and there were attempts at reactionary purchases. Yet, we expect profit sales to strengthen. SUPPORT: 7,360 - 7,200 RESISTANCE: 7,509 - 7,600

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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.