Market Watch (Şeker Yatırım)

The BIST100 Index started Friday on a positive trend and peaked at a record 9,306.34. The Index followed a volatile course for the rest of the day to close at 9,250.36, up 0.09%. While the Banking Index lost 0.43%, the Industrial Index gained 0.65%. For the week the BIST100 gained 2.26%, while the Banking Index rose 4.26% and the Industrial Index gained 4.38%. The BIST 100 Index, which carried its rise that began in the last week of December to the seventh week, thus maintained its uptrend for the week. The stable implementation of rational policies and confidence in economic management, the decline in CDS, and the growing interest of foreign investors sustain interest in the bourse. However, the possibility of profit-taking in the short term has increased due to the recent rapid rise, the fact that we are approaching local elections, and the recent rise in deposit interest rates. It would be appropriate to use any sharp sales that may occur as a buying opportunity for the mid-term. This Thursday the CBRT's interest rate decision will be followed domestically. Based on messages given at the last meeting, the market expectation is for the policy rate to be kept constant. However, details in the decision text will be scrutinized. On the global front, U.S. CPI data was followed in the markets last week. The data printed at 3.1%, above expectations of 2.9%. Subsequently, the probability of the Fed lowering interest rates in May decreased from 60% to 30%, while sales were observed in major stock markets midweek. While risk appetite recovered again with the perception that the Fed would not be too late in reducing interest rates after weak data, the major stock markets, which regained some of their losses, ended the week with rises of up to 0.5% on average. The Fed's first interest rate cut is priced in by the markets with a 70% probability for June. The markets will likely continue to find direction from data and statements from Fed members ahead of the March meeting. This week, minutes from the last Fed meeting will be followed midweek, and global PMI data will be followed on Thursday. This morning, the U.S. futures and German DAX futures are positive and Asian Stock Markets are mixed. The U.S. markets will be closed for Presidents' Day. The VIOP30 Index ended the evening session up 0.1%. Locally, we expect the Benchmark Index to start Monday positively. Any intraday retreats will present a buying opportunity, sustaining the uptrend. SUPPORT: 9,150 - 9,050 RESISTANCE: 9,310 - 9,500

Şeker Yatırım Menkul Değerler A.Ş.
www.sekeryatirim.com
 

                                  ***
                               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.