Market Watch (Şeker Yatırım)

The BIST100 Index started Friday flat closing at 7,557.56, down 2.67%. While the Industrial Index lost 3.11% the Banking Index ended the day down 0.97%. On a weekly basis, the BIST100 Index, Industrial Index and Banking Index lost 5.46%, 6.67%, 2.60%, respectively. A weak trend with low volume prevails at the BIST due to the rising attractiveness of alternative investment instruments such as deposits amid rising interest rates and stock loan interest rates. In addition, the transition to inflation accounting on the real sector front and expectations that domestic demand will remain weak in the coming period with dented company financials also increase sales pressure. Banking stocks are diverging positively due to the transition to rational policies, the CDS being below 300, and expectations that foreign purchases will be led by banks. We expect pressure and low volume to persist across the BIST in the short term. However, sharp pullbacks can be considered buying opportunities for the medium term. With risk appetite remaining firm in global markets, major stock markets ended the week positively last week. Today, the U.S. Stock Markets, European Stock markets and Asian Stock Markets except China are closed for the seasonal break. In China, the trend has been flat. Regardless of any risk appetite in global stock markets ahead of the New Year, transaction volume will remain low. The VIOP-30 Index rounded off the evening session down 0.12%. Locally, we expect the Benchmark Index to start Monday with a positive trend, and any intraday reactionary purchases will present a selling opportunity sustaining a fluctuating course. SUPPORT: 7,520 - 7,384 RESISTANCE: 7,660 - 7,790.
 

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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.