Market Watch (Şeker Yatırım)

The BIST 100 Index started Friday flat, then weakened throughout the day. The Benchmark Index closed at 8,793.61, down 2.32%, upon increased selling pressure towards the close. The Industrial Index declined by 1.21% while the Banking Index fell by 4.68%. On a weekly basis, the BIST100 fell 0.93%, extending its decline to a fourth consecutive week. The Industrial Index rose slightly by 0.07%, showing a positive divergence, whereas the Banking Index dropped by 5.70%, demonstrating a negative one. The BIST maintains its weak outlook due to the lack of a strong upward-driving narrative. Expectations of weak corporate earnings, rising tension in the Middle East, and the continued appeal of alternative investment instruments offering higher returns are curbing interest in the BIST. As these risks persist, we expect the short-term weak trend to continue. Last week, the U.S. and European stock markets gained an average of 1%. Meanwhile, Asian markets, excluding China - where growth data exceeded expectations - declined by around 1%. As long as inflation declines and rate cuts remain in place we expect global appetite for risk-taking to remain strong. In global markets, in addition to macroeconomic data, developments surrounding the U.S. presidential election on November 5 and the crisis in the Middle East are closely monitored. This morning, most Asian markets are trading positively, while German DAX futures are down, and U.S. futures are mixed. The VIOP30 Index recorded a 0.10% decline during the Friday evening session. Locally, we expect the Benchmark Index to start Monday with reaction purchases. If incoming selling pressure is met with buying we anticipate intraday efforts at a recovery. SUPPORT: 8,650 - 8,500 RESISTANCE: 8,900 - 9,000.
Şeker Yatırım Menkul Değerler A.Ş.

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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.