Market Watch (Şeker Yatırım)

The BIST100 Index started Friday on a positive trend, fluctuating in a wide range throughout the day to close at 9,374.20, up 0.29%. While the Banking Index gained 0.67% the Industrial Index lost 0.39%. On a weekly basis, the BIST100 rose 1.34%, carrying its uptrend to the 8th week. The Banking Index rose 2.31% and the Industrial Index lost 0.26%. At the first CBRT meeting under Governor Fatih KARAHAN last Thursday, the policy rate was kept constant at 45%, in line with expectations. There were also key changes in the MPC decision text. Emphasizing the real appreciation of the TL, it was stated that monetary tightening would be increased in case of risks to disinflation. In addition, after Friday trading, Minister of Treasury and Finance Mehmet Şimşek announced that Turkey had made the necessary arrangements to exit the Gray List, and that this was expected to be approved at the General Assembly meeting of the Financial Action Task Force (FATF) following the on-site examination set for June. While confidence grows in the continuation of rational policies the BIST remains positively affected. Thus, the rising trend continues despite the loss of momentum. However, we maintain our view that profit may be realized in the short term due to factors such as pre-election uncertainty, concerns over inflation accounting, and limited upward potential. If the Index settles above 9,400, the rising trend may continue to strengthen. In the medium term, sharp withdrawals will present buying opportunities as long as positive factors such as the stable implementation of rational policies, confidence in economic management, and the decline in CDS prevail. On the global front, the reflection of U.S. CPI data, which exceeded expectations in the first half of the week, continued with negative pricing in major stock markets. Yet, the balance sheet of chip manufacturer Nvidia turned the atmosphere positive in the second half. Last week, major stock markets closed with an average rise of 1.5%. This morning, the U.S. futures and German DAX futures are on the decline, while Asian Stock Markets see mixed pricing. In general, the markets will continue to find direction from data and Fed statements. The VIOP30 Index closed the Friday evening session up 0.21%. Locally, we expect the Benchmark Index to start Monday positively and attempt a continued rise by covering any intraday profit-taking. SUPPORT: 9,300 - 9,150 RESISTANCE: 9,500 - 9,650

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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.