Mornıng Report (Trive Yatırım Menkul Değerler )

• After Tuesday’s brief slowdown in the gains on Tuesday, the BIST expanded on Wednesday’s historic peak, closing yesterday 1.76% higher at 8646, and with a turnover of TRY 113.1bn, while setting the new record at 8682.
• The Conglomerates and Industrial stocks both recorded gains of over 2% each, with the Conglomerates closing nearly 3% higher, in fact, and the Banks were not too shabby either, rising on average 1.45%, ahead of AKBNK’s quarterly results.
• Thus, KCHOL (speculations of Qatari interest in YKBNK)-KRDMD and ENKAI were yesterday’s biggest movers in the right direction among the BIST30 stocks, and only BIMAS closed in the negative territory, followed by the sub-par performances from FROTO and THYAO.
• As of print, the TRY is trading considerably weaker against both the USD and the Euro at 30.45 and 33.14, respectively while the DXY is trading lower at the 103 level.
• On the Bonds’ front, both the 2yr and the 10yr rates fell by 6bps and 26bps to 42.21% and 27.44%, respectively.
• Brent is trading lower as of yesterday’s closing number at $78.93, amid talks of a cease-fire in Gaza, and Ounce GOLD is flat at $2056, as of print.
• OPEC signalled it will stick with oil production cutbacks this quarter, in an attempt to avert surplus, according to media sources, while pledging around 900k b/d additional cutbacks in the first quarter due to global demand slowdown.
• Yesterday, though the Euro zone headline inflation appeared to ease slightly, core figures declined less than expected. Accordingly, the annual headline price rose to 2.8%, compared to December’s 2.9% reading, however Core inflation fell only to 3.3% vs the estimated 3.2%, while the December reading was 3.4%.
• The US PMI figures rose to 49.1, thus its highest level since November 2022.
• Meanwhile, Türkiye’s PMI figures increased to 49.2 in January, from 47.4, but the below 50 reading suggests that the Turkish manufacturing sector is still in contraction.
• Last week, Foreign Investors were Net Buyers to the tune of $62.5mn EQUITIES, and Net Buyers of $3.7mn BONDS.
AGENDA:
• There are no major macro releases expected on the local front, while the US NFP figures (BBGe: 185k) will be most important macro release of the day, followed by the Unemployment Rate and Durable Goods Orders.

CORPORATE:
• AKBNK: The Bank released a 4Q24 Net Profit of TRY 15.10bn,vs the market expectation of TRY 13.3bn. For 2024, the Bank expects 40% loan growth, NIM of 4%, 80% F&C growth, and 30% growth in capital growth.

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

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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.