Market Watch (Şeker Yatırım)

Market Watch - Tuesday, November 21, 2023
Outlook:
The BIST100 Index started Monday on a positive trend and a price gap, remained positive throughout the day and closed at 7,946.37, up 1.18%. The Industrial Index and Banking Index rose by 1.62% & 1.04%, respectively. Recovery continues at the BIST, which has diverged negatively from global markets and lost approximately 15% of its value in recent weeks due to geopolitical risk. Yet transaction volume remains weak. Factors such as rising interest rates and increasing returns on alternative investment instruments, limited foreign entry, and high stock loan interest rates limit investor demand and increases at the bourse. However, we expect the BIST to continue its recovery trend in the short term with the strengthening expectation of maintained rational policies, along with the positive effect of an ongoing decline in the 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 closed yesterday with increases. This morning, the U.S. futures, German DAX futures and Asian Stock Markets in general are positive. We expect economic data from major economies, statements from Fed members and geopolitical developments to continue shaping risk appetite. The VIOP-30 Index ended the evening session up 0.70%. Locally, we expect the Benchmark Index to start Tuesday with an increase, although even if the uptrend continues during the day it will merely present a sales opportunity amid continued fluctuation. SUPPORT: 7,918 - 7,853 RESISTANCE: 8,015 - 8,085.
Money Market:
The Lira was negative yesterday, weakening 0.24% compared to the USD to close to 28.7609. In addition, the currency depreciated by 0.48% against the basket composed of $0.50 and €0.50. Meanwhile, the local fixed income markets were negative. The ten-year benchmark bond was traded within a range of 28.39%-28.88%, ending at the 28.56%, 39 bps above its previous closing.



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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.