Mornıng Report (Trive Yatırım Menkul Değerler )

" The BIST100 expanded its historic peak to 8577, before finally ending the day 0.26% higher at 8497, and a turnover just shy of the TRY100bn level at TRY 99.2bn. The Banks had a mixed trading session, rising on average 0.06%, thus underperforming the benchmark, whereas yesterday's top performing sectors were the Energy and Service stocks, whereas the Conglomerates diverged negatively from its peers.
" BIMAS-ENKAI and FROTO were yesterday's best performing blue-chips, whereas KCHOL-SAHOL and TCELL found themselves on the wrong end of the spectrum.
" As of print, the TRY is trading a tad weaker against the USD at 30.36, but noticeably weaker against the Euro at 32.90, while the DXY has increased to 103.60.
" On the Bonds' front, whereas the 2yr rates fell by 24bps to 43.27%, the 10yr yields rose by 13bps to 27.70%.
" On the Commodity front, Brent is trading slightly higher compared to yesterday's closing figures at $80.71, and Ounce GOLD is at flat $2045 as of print.
" As widely expected, the FOMC kept interest rates unchanged at 5.25-5.50%, however, stated that it was not quite ready to cut rates, and that it won't be appropriate to cut rates until it has gained "greater confidence" that inflation is approaching its 2% goal. The surprising more-than expected hawkish rhetoric from the Fed spurred sell-offs at the US markets. Powell dismissed the possibility of rate cuts in March, despite the CME FedWatch saying otherwise.
" Speaking at the Istanbul Chamber of Commerce yesterday, Finance and Treasury Minister, Mr. Mehmet Simsek stated that the currently implemented economic program was not a temporary whim, and had the political ownership, adding that if a competitive industrial environment could not be achieved with ensuring price stability.
" Foreign Trade Deficit narrowed by 3.2% m/m to $105.997bn from $109.5bn, as exports rose by 0.4%, and imports fell by 11%.
" Tourism revenues increased by 6.8% 4Q23 vs 4Q22 to $12.272bn.
AGENDA:
" On the local front today, the Summary Notes from last week's CBRT meeting will be released, as well as the PMI figures at home and abroad.
" The Eurozone will be releasing the Inflation figures today, as well as Lagarde's speech, while the BOE will be disclosing its interest rate decision, while the US will release the Jobless Claims Figures, and ISM Manufacturing, as well as the PMI.
" AKBNK is expected to release its earnings' results today (4Q24 Est: TRY 13.339bn/2023 Annual: TRY 64.8bn).

CORPORATE:
" HATSN: Disclosed it signed a €4.8mn agreement with a foreign client, representing 13.92% of 2022 total revenues, per company disclosure.
" EKGYO: Disclosed its 2024 Guidance. Accordingly, the REITs aims to reach 533,777 sqm Total Gross Area Sales and Total Sales Value of TRY 52,037,494,976 excluded VAT and expected net profit of TRY 5 billion 818 million.

 
 Trive Yatırım Menkul Değerler A.Ş.
  https://www.trive.com.tr/

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  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.