Market Watch (Şeker Yatırım)

Outlook:
The BIST 100 Index started Friday on a negative trend, ending the day at 7,961.98, down 1.93%. The Banking Index fell 0.21% and the Industrial Index lost 0.74%. On a weekly basis the BIST100 declined 4.36% while the Banking Index was down 8.70% and the Industrial Index shed 3.15%. After the BIST's strong short-term rally profit-taking is observed due to the loss of momentum in domestic and international investor demand and the absence of significant expectations. Any occasional reactionary purchases will likely offer a selling opportunity for the short term. That being said, since the high inflation and negative real interest environment will continue for some time yet, profit-taking will in turn present a buying opportunity for the medium term. In addition, Minister of Treasury and Finance Mehmet Simsek's meeting with foreign investors in the USA on September 19 may yet prompt buying. While global risk appetite recovered, albeit modestly, last week, the overall weak outlook continues. The U.S. Stock Markets ended the week flat, while European Stock Markets rounded the week of with rises ranging between 1-3%. The Fed's interest rate decision to be announced this Wednesday along with Chairman Powell's verbal guidance will doubtless direct the markets. This morning the market is pricing in the Fed keeping the interest rate constant with 100% probability. We expect transaction volume to remain limited ahead of the decision. The VIOP-30 Index ended the evening session down 0.05%. Locally, the Benchmark Index seems set to start Monday flat, and even if reactionary purchases occur, selling pressure will continue. SUPPORT: 7,900 - 7,797 RESISTANCE: 8,020 - 8,080.

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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.