Market Watch(Şeker Yatırım)

The BIST100 Index started Wednesday on a positive trend, followed a fluctuating intraday course and closed the day at 4,728.88, with a sharp decrease of 5.19%. While sales were widespread, the Banking Index continued to diverge negatively, down 6.83%. The weak industrial production data released locally yesterday disrupted profit expectations and impacted sales. On the other hand, we think that with the decline of the past three days, the market is approaching the oversold region, and may react in the short term. News that the deadline for the closing of the reverse repo positions of funds from the CMB - part of the Equity Repo Market - has been extended to April 28, 2023 may support the Index today. In the medium term, we expect the fluctuating course at the BIST, which has come under the influence of election expectations, to continue until the date is clarified. The general expectation is that the election may be reset for May. Setting the election date any earlier than that would increase volatility. If the elections take place in May the rise of companies with strong balance sheet expectations is likely to continue. Major global stock markets in general ended Wednesday with gains. The U.S. CPI data to be announced today will be important in terms of risk appetite due to the Fed's reference to the data. The data, which has been decreasing for 5 months in a row, is expected to continue its decline in December. The continued decline in inflation may increase global risk appetite by creating the perception that interest rate hikes are coming to an end. Asian Stock Markets were generally bearish this morning, with U.S. and German DAX futures moving in a positive direction. The VIOP-30 Index closed the evening session with a positive trend. Locally, we expect the Benchmark Index to start the day with a rise and maintain that mood during the day. SUPPORT: 4,711 - 4,665 RESISTANCE: 4,826 - 4,928.
Şeker Yatırım Menkul Değerler A.Ş.
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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.