Market Watch (Şeker Yatırım)

The BIST100 Index started Friday on a positive trend, ultimately closing at 7,853.36, up 0.93%. The Industrial Index rose 0.62% and the Banking Index gained 0.33%. On a weekly basis, the BIST100 Index rose 1.06%, while the Banking Index increased by 1.56%, and the Industrial Index fell 0.19%. Rising interest rates and increasing returns on alternative investment instruments limit investor demand for the BIST, and limited foreign investor inflow also explains the weak rises. Separately, while its impact on pricing has decreased, geopolitics and Turkey's geographical proximity to conflict zones are also acknowledged risk factors. Yet we expect the BIST, which has diverged negatively from global markets in recent weeks, to continue its recovery trend in the short term with the strengthening expectation that rational policies will continue. To that we may add the positive effect of the ongoing decline in CDS. In global markets, the recovery trend in risk appetite continues with expectations that the Fed's interest rate hikes are coming to an end. Major stock markets ended last week with an average rise of 3%. This morning, the U.S. futures and German DAX futures are negative, and Asian Stock Markets are generally bullish. Overall, we expect economic data, statements from Fed members and geopolitical developments to continue shaping risk appetite. The VIOP-30 Index ended Friday's evening session up 0.38%. Locally, we expect the Benchmark Index to start Monday positively. Any intraday retreats will prompt reactionary purchases. SUPPORT: 7,786 - 7,738 RESISTANCE: 7,942 - 8,015.

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.