Market Watch (Şeker Yatırım)

The BIST100 Index started Friday on a negative trend, fluctuated throughout the day and closed at 7,996.70, down 0.24%. While the Industrial Index rose 0.29%, the Banking Index lost 0.27%. On a weekly basis, the BIST100 rose 0.13%, the Industrial Index gained 1.40%, and the Banking Index declined 3.89%. We find it normal and healthy to see a correction in the Banking Index, which has gained around 20% in value over a limited period since the start of the year. However, factors that positively affect banking stocks remain valid. While there may be sales the short term, declines will be considered as buying opportunities in the medium term as the transition to rational policies, the decline in CDS, and foreign investor interest continue. Risk appetite prevails in global markets, although the possibility of the Fed starting interest rate cuts in March has decreased from 80% to 50% in pricing after the latest US macro data. Despite this, the U.S. Stock Markets closed last week with increases of around 2%. This morning, U.S. futures and German DAX futures are positive, while Asian Stock Markets are mixed. We expect economic data and statements from Fed members to continue impacting risk appetite. Fourth quarter growth data in the USA will be followed this Thursday. The CBRT's interest rate decision emerges the same day. The VIOP30 index ended the Friday evening session down 0.07%. Locally, we expect the Benchmark Index to start Monday negatively. Any intraday gains will offer a selling opportunity perpetuating the profit-taking pressure. SUPPORT: 7,937 - 7,830 RESISTANCE: 8,052 - 8,150.
Money Market:
The Lira was negative on Friday, weakening 0.19% compared to the USD to close to 30.1898. In addition, the currency depreciated by 0.39% 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 27.06%-27.41%, ending at the 27.33%, 18 bps above its previous closing.
Company News:
Sisecam (SISE.TI; OP) has announced that a total of 1,000,000 nominal shares (total amount of TRY 47,740,000) were repurchased within a price range of TRY 47.64 - TRY 47.80 per share (average price TRY 47.74) at the BIST on January 19, 2024. Total repurchased shares to date correspond to 1.773% of the company's capital (including the disposal of a portion of the repurchased shares).


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.