Market Watch(Şeker Yatırım)

The BIST-100 Index started Thursday on a positive trend, followed a fluctuating intraday course and closed at 5,188.82, up 2.41% with the positive contribution of banking shares. The Banking Index diverged positively, up 7.30%. On the global front, the meetings of the Bank of England and the European Central Bank were followed. Both banks increased interest rates by 50 bps, and gave strong messages that monetary tightening steps and interest rate hikes would continue. Weakening risk appetite continued after those meetings. In addition; the fact that industrial production and retail sales data from the U.S. printed below expectations also increased sales pressure in the indices. Yesterday, the U.S. Stock Markets closed the day with decreases ranging from 2.25% to 3.23%, while European Stock Markets mainly fell by more than 3%. The VIX hovers around 22.80, indicating that volatility has risen again and selling pressure may continue in the U.S. Stock Markets in the short term. We think that risk appetite will continue to find its direction in line with incoming data, due to the statements from the central banks to this effect. Leading PMI data for December will be released today. In the domestic market the BIST remains the only alternative investment instrument among TRY-based assets in an inflationary environment, where profit-taking is experienced due to strong domestic investor demand. Thus, any sharp pullbacks will merely present a buying opportunity for the medium term. German DAX futures were moving somewhat positively this morning. There was a negative trend among the U.S. futures and Asian indices. The VIOP-30 Index closed the evening session flat to slightly negatively. Locally, we expect the Benchmark Index to start slightly negatively with a fluctuating & weak course to follow, and with any rises prompting profit-taking. SUPPORT: 5,136 - 5,042 RESISTANCE: 5,248 - 5,302.
Şeker Yatırım Menkul Değerler A.Ş.
www.sekeryatirim.com
 

                                  ***
                               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.