Market Watch(Şeker Yatırım)

Outlook:
The BIST100 Index started Friday on a negative trend, fluctuated throughout the day and closed on a limited rise of 0.36%. The Industrial Index diverged positively, down 1.38% while the Banking Index lost 0.32%. In a short week that began on Wednesday, the BIST100 Index rose by 11.57%, while the Banking index rose by 11.61% and the Industrial Index was up 14.35%. Despite short-term retracements at the BIST, with measures taken and especially with the contribution of PPS funds, we expect retracements to provide a buying opportunity with the reactionary uptrend in the Index to be maintained in the short term. However, if the period given to the PPS funds to increase share rates is extended resale pressure is likely. We think that the short-term uptrend at the BIST has ended with the fluctuating weak trend set to persist for the medium term. On Friday, risk appetite in major global stock markets was weak, while in the U.S., European and Asian Stock Markets, the markets ended the day with a decline. As the CPI and PPI inflation data announced in the USA last week exceeded expectations, dovish expectations from the Fed decreased which puts some pressure on risk appetite. We think that data to be announced abroad will remain instrumental in terms of sentiment. The VIX has risen from close to 18 to over 20 again, indicating increased volatility and selling pressure in the U.S. Stock Markets. The U.S. futures were mixed this morning, while German DAX futures and Asian Stock Markets were in a positive trend. The VIOP-30 Index closed the Friday evening session with a positive trend of 0.23%. Locally, we expect the Benchmark Index to start Monday with a positive trend and reactionary purchases will continue despite any intraday pullbacks. SUPPORT: 4,944 - 4,870 RESISTANCE: 5,082 - 5,130.

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.