Market Watch (Şeker Yatırım)

Market Watch - Friday, November 29, 2024

Outlook:

The BIST100 Index started Thursday flat, moved within a narrow band throughout the day and closed at 9,640.08. While the Industrial Index decreased by 0.11%, the Banking Index diverged positively, up 0.85%. Following the rapid rise of the BIST, purchases have slowed down and sales remain limited. We expect the outlook for banking stocks to continue impacting the general course of the Index. Thus, as long as purchases in banks continue, the rising trend at the BIST may continue, too. On the other hand, even if profit sales occur, as long as interest rate cut expectations are maintained, we expect the short-term rising trend to continue, with declines led by banks presenting buying opportunities. On the global side, US markets were closed yesterday for Thanksgiving--US bourses will see half-day trading today. European stock markets closed the day with increases. This morning, the U.S. futures are positive, German DAX futures are negative, and Asian stock markets are mixed. Eurozone inflation figures will be followed abroad today. On the domestic macroeconomic data agenda 2024 third quarter GDP growth data emerges today at 10:00. While the market expects growth of 2.4%, our expectation is 2.6%. The VIOP30 Index declined 0.02% in the evening session. Locally, we expect the Benchmark Index to start Friday with reaction purchases and seek to rise during if profit sales invite purchases. SUPPORT: 9,500 - 9,400 RESISTANCE: 9,750 - 9,850.
Money Market:
The Lira was positive yesterday, gaining 0.17% against the USD to close at 34.6002. The currency also appreciated by 0.12% against a basket of $0.50 and €0.50. Meanwhile, the local fixed income markets were relatively flat. The ten-year benchmark bond was traded within a tight range of 29.27%-29.30%, ending at the 29.30%, unchanged from its previous closing.
Headlines:
GDP growth data for the third quarter of 2024 will be released in Turkey today. The market expectation is for a reading of 2.4% growth. As Seker Invest, we expect 2.6% growth, and our detailed analysis will be published during the day.




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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.