Market Watch(Şeker Yatırım)

The BIST100 Index started Friday on a positive trend, yet closed the day at 5,136.44, down 1.78%. While sales of stocks with high index weights such as THYAO, EREGL, and TUPRS suppressed the Index, the Industrial Index decreased by 1.39% and the Banking Index lost 1.92%. On a weekly basis, the BIST100 Index fell by 4.61%, and the Industrial index was positive, down 3.23%, while the Banking Index was negative, down 4.86%. Despite the weak outlook last week, continuation of the short selling ban, the expectation that the wealth fund would purchase through exchange traded funds during sharp declines, and expectations over the election preserved the upward momentum of the index. However, we think that uptrends will provide a selling opportunity at certain levels whereby the fluctuating course at the BIST will continue for some time in a broad band ahead of the elections. International credit rating agency Fitch confirmed Turkey's credit rating as "B" and its outlook as "negative" in its first assessment of the year. Major global stock markets remain concerned over banking system health after the bankruptcy of U.S. bank SVB. On Friday, while indices in the USA, Europe and Asia closed the day with decreases, it was announced at the weekend that UBS would purchase Swiss Credit Suisse. U.S. futures were mixed this morning, while German DAX futures and Asian Stock Markets are trading with sellers. The VIX has risen above 25 again, indicating continued volatility in the U.S. Stock Markets. In the short term, high volatility in global markets is expected to continue until the Fed meeting. Domestically, the VIOP-30 Index closed the Friday evening session down 0.37%. Locally, we expect the Benchmark Index to start off positively. Yet the fluctuating weak course will continue with gains yielding to profit-taking. SUPPORT: 5,080 - 4,990 RESISTANCE: 5,175 - 5,255.


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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.