Market Watch (Şeker Yatırım)

Outlook:

The BIST100 Index started Wednesday negatively, fluctuated between 8,867-8,664 during the day and closed at 8,714.69, down 1.40%. The Industrial Index fell 1.30% and the Banking Index lost 1.20%. The attack on TUSAS yesterday afternoon curbed domestic risk appetite. In general, in addition to geopolitical risk, the BIST remains silent due to weak profit expectations for the 3Q and postponed interest rate cut expectations. Accordingly, we maintain our opinion that the weak course will continue in the short term unless a strong story pushing the bourse upwards emerges, and while alternative income instruments continue to offer high returns. However, we maintain our view that a medium-term position can be taken gradually, based on the levels reached, and that there will be occasional reaction increases. On the global side, risk appetite is weakening amid rising expectations that the Fed will not reduce interest rates as quickly as expected. Yesterday, the U.S. and European stock markets closed the day with declines. Increasing expectations that the Fed will keep interest rates constant in November may continue to weaken risk appetite. This morning, Asian stock markets in general and German DAX futures are priced with sellers, while U.S. futures are priced mixed. The VIOP30 Index gained 0.15% in the evening session. Locally, we expect the Benchmark Index to start Thursday on an uptrend with reaction purchases, and to continue its fluctuating course thereafter. SUPPORT: 8,650 - 8,500 RESISTANCE: 8,850 - 9,000.


Şeker Yatırım Menkul Değerler A.Ş.

 www.sekeryatirim.com.tr

                                  ***
                               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.