Market Watch (Şeker Yatırım)

Outlook:
The BIST100 Index started Wednesday flat and followed a positive trend in the first half of the day. The Index weakened amid sales in the afternoon to close at 9,062.36, down 1.28%. The Banking Index lost 2.05% and the Industrial Index lost 0.65%. Following the 8-week rally that yielded a 30% return for the BIST100, profit-taking is observed this week. Factors such as the BIST's limited upside, pre-election uncertainty, concerns over inflation accounting, and deposit interest becoming attractive again curb interest in the bourse. We maintain our view that the decline may continue in the short term. Yet, in the medium term, as long as positive factors such as the stable implementation of rational policies, confidence in economic management, and the decline in CDS remain in place, sharp withdrawals will present buying opportunities. On the global front, risk appetite remained mixed yesterday as the U.S. 4th Quarter growth data was revised downwards. This morning, U.S. futures and Asian Stock Markets are mixed, while German DAX futures are priced positively. In general, we foresee the markets continuing to take direction from data and statements from Fed members. Core PCE data, an inflation indicator followed by the Fed, emerges today. Domestically, 2023 fourth quarter GDP data will be announced today. The market expectation is for growth of 3.6%. We expect 3.8% growth in the last quarter in light of leading indicators. The VIOP30 index ended the evening session down 0.02%. Locally, we expect the Benchmark Index to start Thursday flat and attempt a return to an uptrend with reactionary purchases following any withdrawals. SUPPORT: 9,030 - 8,850 RESISTANCE: 9,250 - 9,400


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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.