Market Watch(Şeker Yatırım)

The BIST100 Index started Thursday on a positive trend, maintained its strength during the day and closed at 6,856.11, up 1.66%. AKBNK, TCELL, TUPRS stocks made a strong contribution to the Benchmark Index. The Industrial Index rose by 1.31% and the Banking Index gained 4.07%. The third inflation report of the year was followed with the presentation of new CBRT Chairperson Hafize Gaye Erkan yesterday. The 2023 year-end inflation expectation was increased from 22% to 58%, and the 2024 year-end inflation expectation rises from 8.8% to 33%. While the emphasis on gradual tightening in monetary policy continues, we think that the negative real interest rate policy will continue to support the BIST. This morning three new names, known for their proximity to orthodox politics, were appointed to the CBRT Vice Presidency. We think that the appointments will strengthen the perception of a shift towards normalization and support the foreign inflow to the BIST that has been ongoing on for seven consecutive weeks. That said, it is normal to experience periodic profit realizations at the BIST, as the BIST100 Index has recorded a rise of approximately 50% in the post-election period. In the short term the balance sheet period will support the positive picture at the BIST with share-based divergences. Risk appetite is maintained in major global stock markets. The first reading of the U.S.'s 2nd quarter growth data was followed yesterday; the data pointed to 2.4% growth, hence exceeding the 2% expectation. While such data supported risk appetite, the rise in bond yields caused the U.S. Stock Markets to close the day in negative territory. We expect forthcoming data to retain its effect on risk appetite in the coming period. Indeed, Fed Chairman Powell's verbal guidance is that he will make decisions at upcoming meetings by considering the numbers. Meanwhile, we expect profit-taking to remain limited unless data points to a recession. The U.S. and German DAX futures are positive this morning, as are Asian Stock Markets in general. Core personal consumption expenditures data will be followed in the U.S. today. We expect the data to impact risk appetite. The VIOP-30 Index ended the evening session down 0.40%. Locally, we expect the Benchmark Index to start Friday positively and continue its uptrend throughout the day. SUPPORT: 6,807 - 6,705 RESISTANCE: 6,882 - 6,946.
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.