Mornıng Report (Trive Yatırım Menkul Değerler )

The BIST continued its strong upwards trend from the 7500 level, closing yesterday 1.26% higher at 8047, and as
well as breaching the staunch 8000 level, trading volume was also over the TRY 100bn level at TRY 105.2bn,
diverging positively from its European peers.
The gains among the Aviation, Service and Banks were considerably greater than their peers, as the Industrials,
Energy and REITs underperformed the benchmark quite considerably.
ODAS-THYAO and ASELS were the most bought blue-chip stocks, whereas ALARK-TOASO and SAHOL, due to
profit-takings, were yesterday’s most sold. We also observed the Iron & Steel stocks perform considerably well,
with KRDMD and EREGL both rising nearly 4%.
As of yesterday’s session closing numbers, the TRY is trading at slightly weaker against both the USD and the
Euro at 28.81 and 31.43, respectively, while the DXY is a tad higher at 103.66. The 2yr Bond yields fell by another
22bps yesterday to 40.43%, whereas the 10yr rates went the opposite direction, rising by 53% to 28.71%.
On the Commodity front, Brent is trading calm before the OPEC+ meeting at $82.44, and ounce and gram GOLD
are flat at $1998 and TRY 18450, respectively-ounce rebounding from yesterday’s high of 2007 prior to the
disclosure of the FOMC minutes.
The FOMC Minutes from the Oct31-Nov 1 meeting showed the officials expressed little appetite for cutting
interest rates anytime soon, as inflation remains well above their goal. The Minutes showed that the members
were still worried that inflation could be stubborn or move higher, and that more may need to be done. “In
discussing the policy outlook, participants continued to judge that it was critical that the stance of monetary
policy be kept sufficiently restrictive to return inflation to the Committee’s 2 percent objective over time,” the
minutes stated.”
EBRD president disclosed that their investments in Turkey may exceed $2.4bn.

AGENDA:
On the local front today, the Consumer Confidence Level will be released, while the US will be releasing the
Durable Goods Orders, Weekly Jobless Claims, and Michigan Consumer Confidence Level, while the Eurozone will
release the Consumer Confidence Level.

CORPORATE:
CCOLA: Disclosed the 49.7% purchase of The Coca Cola Pakistan shares for $300mn was completed.
DESA: Disclosed that it has opened a Samsonite store at Fatih Sirkeci in Istanbul
EUPWR: Disclosed that has signed a distribution deal with Lithuania for €2.5mn
KCAER: Disclosed that its subsidiary, Kocaer Eneji will start drilling operations in Aydin.
MERCN: Disclosed that it intends to buy 30% of e-commerce company Fevup and online brand distributor
company Fevup Brands.

 
 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.