Market Watch (Şeker Yatırım)

The BIST100 Index started Thursday on a positive trend and tested 5,152 at the opening. The Benchmark Index accelerated its rise after the MPC decision and closed the day at 5,428.26, up 4.65%. Yesterday, the CBRT raised the policy rate to 15% with an interest rate hike of 650 points, below market expectations. While giving a strong message regarding a reduction in inflation, the decision text pointed to a gradual increase in interest rates. After the interest rate hike, the USD/TL increased by more than 4%, while Borsa İstanbul rose led by companies with high exports/FX income. Stocks such as THYAO, SISE, FROTO and KCHOL made the highest contribution to the index on a point basis. The Industrial Index rose by 4.45%, while the Banking Index recorded a limited increase of 0.34%. This morning, the dollar rate continues to rise. We think that exchange rate fluctuation may cause volatility in the markets. The ongoing negative real interest rate policy will support the uptrend at Borsa Istanbul. However, we think that the steps to be taken in the upcoming period and the new economic program to be announced will be decisive in terms of the medium-term direction. Profit realization continues in major global stock markets. In light of the rally, ongoing since the start of the year, we consider profit-taking normal and the rising trend is likely to be maintained on reactionary buying. The VIX is at its lowest level in 18 months, falling close to 12 and indicating low volatility and selling pressure in the U.S. Stock Markets. While the U.S. Stock Markets were mixed yesterday, European and Asian Stock Markets closed with decreases. This morning, the U.S. futures, German DAX futures and Asian Stock Markets are generally trading with sellers. The VIOP-30 index closed the evening session up 0.87%. Locally, we expect the Benchmark Index to start with a rise, with the uptrend set to continue in strengthening fashion ahead of the Eid holiday. SUPPORT: 5,360 - 5,280 RESISTANCE: 5,510 - 5,595.

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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.