Market Watch (Şeker Yatırım)

Outlook:

The BIST100 Index started Friday on a positive trend, going on to close the day at 9,549.89, up 1.94%. The Industrial Index gained 1.72% and the Banking Index rose 4.38%. On a weekly basis the BIST100 gained 1.71% and the Industrial Index appreciated by 1.17%, while the Banking Index diverged positively, up 7.53%. While the expectation of interest rate cuts starting in December or January at the latest has gained momentum, led by the banks, expectations of a delayed recovery for industrial stocks are curbing purchases. We expect the BIST's positive outlook to be maintained in the short and medium term as long as interest rate cut expectations prevail, in turn depending on inflation developments. On the other hand, developments between Russia and Ukraine are in the spotlight. On the global front, European and U.S. stock markets ended Friday positively. While reaction purchases were observed in U.S. bourses last week, European counterparts closed mixed due on mounting geopolitical tension. Asian stock markets excluding Korea lost an average of 1% of their value. This morning, the U.S. futures and German DAX futures are positive, while Asian stock markets are mixed. Although geopolitical tension breeds volatility in the short term, the rising trend in major stock markets will continue as long as expectation of global monetary loosening and recovery in economies remains. The VIOP30 Index decreased by 0.06% in Friday's evening session. Locally, we expect the Benchmark Index to start Monday positively, and attempt a rise if any intraday profit-taking prompts purchases. 9,200 - 9,100 RESISTANCE: 9,400 - 9,500.

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.